Registered number
06161054
D Latcham Ltd
Filleted Accounts
30 September 2024
D Latcham Ltd
Registered number: 06161054
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £ £ £
Current assets
Debtors 3 178,318 175,675
Cash at bank and in hand 2,822 11,072
181,140 186,747
Net current assets 181,140 186,747
Net assets 181,140 186,747
Capital and reserves
Called up share capital 100 100
Profit and loss account 181,040 186,647
Shareholders' funds 181,140 186,747
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Latcham
Director
Approved by the board on 25 February 2025
D Latcham Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Debtors 2024 2023
£ £
Other debtors 178,318 175,675
4 Loans to directors
At the year end the director owed the company £175,675 (2022 £129,650). Interest is charges on the loan at 3%. The loan is repayable on demand.
5 Controlling party
The controlling party is Mr D Latcham by virtue of shareholding.
6 Other information
D Latcham Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Willow Mead
Wellfield Road
Marshfield
Cardiff
CF3 2UB
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