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REGISTERED NUMBER: 04815855 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

DLJ Limited

DLJ Limited (Registered number: 04815855)

Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DLJ Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: D L Jones
Mrs L J Jones





SECRETARY: D L Jones





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 04815855 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

DLJ Limited (Registered number: 04815855)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,124,210 1,365,657

CURRENT ASSETS
Stocks 330,618 294,031
Debtors 6 2,261,990 1,602,013
Cash at bank 90,755 -
2,683,363 1,896,044
CREDITORS
Amounts falling due within one year 7 501,596 946,488
NET CURRENT ASSETS 2,181,767 949,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,305,977

2,315,213

CREDITORS
Amounts falling due after more than one
year

8

(2,804,496

)

(1,161,721

)

PROVISIONS FOR LIABILITIES (212,425 ) (58,363 )
NET ASSETS 1,289,056 1,095,129

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,289,054 1,095,127
SHAREHOLDERS' FUNDS 1,289,056 1,095,129

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

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

The directors acknowledge their 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.

DLJ Limited (Registered number: 04815855)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





D L Jones - Director


DLJ Limited (Registered number: 04815855)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

DLJ 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents work done, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 10% on reducing balance and 4% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

DLJ Limited (Registered number: 04815855)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 28 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 624,726 2,462,429 3,087,155
Additions 772,929 127,016 899,945
At 31 March 2024 1,397,655 2,589,445 3,987,100
DEPRECIATION
At 1 January 2023 245,915 1,475,583 1,721,498
Charge for period 31,265 110,127 141,392
At 31 March 2024 277,180 1,585,710 1,862,890
NET BOOK VALUE
At 31 March 2024 1,120,475 1,003,735 2,124,210
At 31 December 2022 378,811 986,846 1,365,657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 177,322 144,480
Other debtors 2,084,668 1,457,533
2,261,990 1,602,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Bank loans and overdrafts 268,721 630,919
Trade creditors 53,121 191,550
Taxation and social security 80,841 21,045
Other creditors 98,913 102,974
501,596 946,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.22
£    £   
Bank loans 2,784,505 1,148,657
Other creditors 19,991 13,064
2,804,496 1,161,721

DLJ Limited (Registered number: 04815855)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,969,753 682,460
Bounce back loan 23,276 35,652
1,993,029 718,112

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.12.22
£    £   
Bank overdraft - 523,283
Bank loans 3,053,226 1,256,293
3,053,226 1,779,576

The bank loan and overdraft facility are secured as follows:-

Guarantee given by David Leslie Jones to secure all liabilities of DLJ Ltd to £1,300,000 supported by First Legal Mortgage over the freehold property of David Leslie Jones known as Upper Esgair, Llanbadarnfynydd.

A fixed and floating charge over all property and undertaking of DLJ Limited.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr D L Jones has a personal guarantee to HSBC in relation to company borrowing up to £1,300,000.

Unlimited Company Guarantee given by DLJ Ltd to secure all liabilities of DL Jones and LJ Jones.

Unlimited Company Guarantee given by DLJ Limited, to secure all liabilities of an associated company Waen Farms Limited.