2023-05-012024-04-292024-04-29false11328986DER MITS 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DER MITS LTD

Registered Number
11328986
(England and Wales)

Unaudited Financial Statements for the Period ended
29 April 2024

DER MITS LTD
Company Information
for the period from 1 May 2023 to 29 April 2024

Directors

CHATZIANGELIDOU, Anna
DEMETRIADES, Dimitri

Registered Address

405 Kings Road
Office 585
London
SW10 0BB

Registered Number

11328986 (England and Wales)
DER MITS LTD
Balance Sheet as at
29 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,8489,233
7,8489,233
Current assets
Stocks42,9952,995
Debtors-1,500
Cash at bank and on hand18,8637,572
21,85812,067
Creditors amounts falling due within one year5(38,939)(38,945)
Net current assets (liabilities)(17,081)(26,878)
Total assets less current liabilities(9,233)(17,645)
Net assets(9,233)(17,645)
Capital and reserves
Called up share capital100100
Profit and loss account(9,333)(17,745)
Shareholders' funds(9,233)(17,645)
The financial statements were approved and authorised for issue by the Board of Directors on 20 February 2025, and are signed on its behalf by:
DEMETRIADES, Dimitri
Director
Registered Company No. 11328986
DER MITS LTD
Notes to the Financial Statements
for the period ended 29 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 May 2317,24817,248
At 29 April 2417,24817,248
Depreciation and impairment
At 01 May 238,0158,015
Charge for year1,3851,385
At 29 April 249,4009,400
Net book value
At 29 April 247,8487,848
At 30 April 239,2339,233
4.Stocks

2024

2023

££
Other stocks2,9952,995
Total2,9952,995
5.Creditors: amounts due within one year

2024

2023

££
Other creditors37,97937,985
Accrued liabilities and deferred income960960
Total38,93938,945
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.