Registered number: SC400284 | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Direct Strike Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in SC - Scotland, registered number SC400284 | ||||||||
BANKERS | ||||||||
Cumberland Building Society | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Direct Strike Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Direct Strike Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
332,872 | 375,531 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 218,495 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 4,891 | 15,809 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 357,135 | 414,159 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Direct Strike Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Leasehold Improvements | reducing balance 15% | |||||||
Plant and Machinery | reducing balance 15% | |||||||
Equipment | reducing balance 15% | |||||||
Motor Vehicles | reducing balance 20% |
1c. Stocks | ||||||||
Stocks are valued at the lower of cost and net estimated selling price less selling costs. Cost is based on average cost. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Investments | ||||||||
Fixed asset investments are included at fair value. |
1f. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Invoices are raised upon the despatch of goods and the provision of services. |
1g. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. |
Direct Strike Limited | ||||||||
1h. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||||
Leasehold | Plant and | |||||||||
Imp'ments | Machinery | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/06/2023 | 59,239 | 13,035 | 45,932 | 240,484 | 358,690 | |||||
Additions | - | 1,500 | 6,328 | - | 7,828 | |||||
Disposals | - | - | - | (18,388) | (18,388) | |||||
At 31/05/2024 | 59,239 | 14,535 | 52,260 | 222,096 | 348,130 | |||||
Depreciation | ||||||||||
At 01/06/2023 | 14,188 | 7,752 | 25,558 | 124,005 | 171,503 | |||||
Disposals | - | - | - | (8,973) | (8,973) | |||||
For the year | 6,758 | 1,017 | 4,005 | 21,413 | 33,193 | |||||
At 31/05/2024 | 20,946 | 8,769 | 29,563 | 136,445 | 195,723 | |||||
Net Book Amounts | ||||||||||
At 31/05/2024 | 38,293 | 152,407 | ||||||||
At 31/05/2023 | 45,051 | 187,187 | ||||||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/06/2023 | 59,922 | 59,922 | |||||||
At 31/05/2024 | 59,922 | 59,922 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/05/2024 | 59,922 | 59,922 | |||||||
At 31/05/2023 | 59,922 | 59,922 | |||||||
Direct Strike Limited | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 157,552 | 199,311 | ||||||
Other debtors | 32,395 | 31,895 | ||||||
Prepayments | 18,345 | 28,022 | ||||||
208,292 | 259,228 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 28,215 | 71,863 | ||||||
VAT | 27,950 | 19,333 | ||||||
Other tax and social security costs | 11,108 | 6,456 | ||||||
Directors current account - K Ireland | 12,097 | 265 | ||||||
Hire purchase | 11,118 | 18,903 | ||||||
Trade creditors | 56,767 | 36,663 | ||||||
Accruals | 7,290 | 3,553 | ||||||
154,545 | 157,036 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 4,891 | 15,809 | ||||||
4,891 | 15,809 | |||||||
7. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 16,009 | 34,712 | ||||||
Hire purchase creditors are secured on the assets to which the outstanding obligations relate. | ||||||||
Direct Strike Limited | ||||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 10 | |||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
10. GUARANTEES AND FINANCIAL COMMITMENTS | ||||||||
At the balance sheet date the company had outstanding commitments under operating leases of £21,871. | ||||||||
11. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in Scotland. | ||||||||
The company's registered number is SC400284. | ||||||||
The company's registered office is 18 Canberra Road, Gretna, Dumfriesshire DG16 5DP. |