IRIS Accounts Production v24.3.0.553 12607681 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126076812023-05-31126076812024-05-31126076812023-06-012024-05-31126076812022-05-31126076812022-06-012023-05-31126076812023-05-3112607681ns15:EnglandWales2023-06-012024-05-3112607681ns14:PoundSterling2023-06-012024-05-3112607681ns10:Director12023-06-012024-05-3112607681ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112607681ns10:SmallEntities2023-06-012024-05-3112607681ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112607681ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112607681ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112607681ns10:FullAccounts2023-06-012024-05-3112607681ns10:RegisteredOffice2023-06-012024-05-3112607681ns5:CurrentFinancialInstruments2024-05-3112607681ns5:CurrentFinancialInstruments2023-05-3112607681ns5:Non-currentFinancialInstruments2024-05-3112607681ns5:Non-currentFinancialInstruments2023-05-3112607681ns5:ShareCapital2024-05-3112607681ns5:ShareCapital2023-05-3112607681ns5:RetainedEarningsAccumulatedLosses2024-05-3112607681ns5:RetainedEarningsAccumulatedLosses2023-05-3112607681ns5:PlantMachinery2023-06-012024-05-3112607681ns5:PlantMachinery2023-05-3112607681ns5:PlantMachinery2024-05-3112607681ns5:PlantMachinery2023-05-3112607681ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112607681ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31126076811ns10:Director12023-05-31126076811ns10:Director12022-05-31126076811ns10:Director12023-06-012024-05-31126076811ns10:Director12022-06-012023-05-31126076811ns10:Director12024-05-31126076811ns10:Director12023-05-31
REGISTERED NUMBER: 12607681 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Durham Textiles Limited

Durham Textiles Limited (Registered number: 12607681)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Durham Textiles Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr M Currington





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 12607681 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Durham Textiles Limited (Registered number: 12607681)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 8,242 10,049

CURRENT ASSETS
Stocks 35,000 40,000
Debtors 5 3,989 492
Cash at bank 1,467 1,972
40,456 42,464
CREDITORS
Amounts falling due within one year 6 33,301 40,798
NET CURRENT ASSETS 7,155 1,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,397

11,715

CREDITORS
Amounts falling due after more than one
year

7

1,228

3,862
NET ASSETS 14,169 7,853

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 14,159 7,843
14,169 7,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Durham Textiles Limited (Registered number: 12607681)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr M Currington - Director


Durham Textiles Limited (Registered number: 12607681)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Durham Textiles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Durham Textiles Limited (Registered number: 12607681)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 20,867
Additions 270
At 31 May 2024 21,137
DEPRECIATION
At 1 June 2023 10,818
Charge for year 2,077
At 31 May 2024 12,895
NET BOOK VALUE
At 31 May 2024 8,242
At 31 May 2023 10,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Other debtors 3,989 492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Hire purchase contracts 3,646 4,911
Trade creditors 263 12,616
Taxation and social security 9,164 11,983
Other creditors 20,228 11,288
33,301 40,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£ £
Hire purchase contracts 1,228 3,862

Durham Textiles Limited (Registered number: 12607681)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£ £
Mr M Currington
Balance outstanding at start of year (5,019 ) (19,955 )
Amounts advanced 14,589 15,336
Amounts repaid (6,026 ) (400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,544 (5,019 )

No interest has been charged on the above loan.