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REGISTERED NUMBER: 12692146 (England and Wales)















DSBP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






DSBP LIMITED (REGISTERED NUMBER: 12692146)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DSBP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Kennedy
L M Fulton





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 12692146 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

DSBP LIMITED (REGISTERED NUMBER: 12692146)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 100,662 136,932

CURRENT ASSETS
Inventories - 107,597
Debtors 5 1,035,749 1,402,258
Cash at bank and in hand 157,802 75,900
1,193,551 1,585,755
CREDITORS
Amounts falling due within one year 6 (1,074,510 ) (1,517,248 )
NET CURRENT ASSETS 119,041 68,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,703

205,439

CREDITORS
Amounts falling due after more than one
year

7

(52,015

)

(73,264

)

PROVISIONS FOR LIABILITIES (5,071 ) (12,165 )
NET ASSETS 162,617 120,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,517 119,910
162,617 120,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





S Kennedy - Director


DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

DSBP Limited is a private company, limited by shares and registered in England and Wales. The company's registered number is 12692146 and the registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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.

Going concern
Despite the challenges faced by the UK economy, the company is performing extremely well and continues to generate profits post year end.

The company is not financially dependent on any form of debt and working capital is tightly controlled.

After due consideration, the directors are satisfied that the company is a going concern and that the financial statements have been correctly prepared on this basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:-

i) Determining the expected outcome of long-term building contracts prior to their conclusion and calculating the attributable profit that should be recognised in a manner appropriate to the stage of completion.

Revenue
Revenue represents amounts chargeable to customers for the provision of goods and services, excluding value added tax and adjusted for changes in the levels of work in progress.

Revenue is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed. The revenue recognised is included at the fair value of consideration expected to be received on contracts after taking into account retentions and anticipated variations. Costs of post year end rectification work are provided as part of costs of sales.

Unbilled revenue is included in current year assets as 'Amounts recoverable on contracts'.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and Straight line over 2 - 10 years

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Inventories
Inventories are valued at the lower of cost and net realisable value.

Cost comprises all direct expenditure in bringing inventories to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Payments made under operating leases are recognised in the income statement on a straight-line basis over the term 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 the income statement in the period to which they relate.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023 191,319
Additions 5,588
Disposals (4,228 )
At 30 June 2024 192,679
DEPRECIATION
At 1 July 2023 54,387
Charge for year 39,741
Eliminated on disposal (2,111 )
At 30 June 2024 92,017
NET BOOK VALUE
At 30 June 2024 100,662
At 30 June 2023 136,932

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 107,905
DEPRECIATION
At 1 July 2023 16,259
Charge for year 21,581
At 30 June 2024 37,840
NET BOOK VALUE
At 30 June 2024 70,065
At 30 June 2023 91,646

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 210,907 66,505
Amounts owed by group undertakings 547,356 453,798
Amounts recoverable on contracts 203,900 837,472
Other debtors 73,586 44,483
1,035,749 1,402,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,878 18,622
Payments on account 280,256 -
Trade creditors 437,863 806,500
Taxation and social security 177,372 191,791
Other creditors 164,141 500,335
1,074,510 1,517,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 52,015 66,892
Other creditors - 6,372
52,015 73,264

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 66,893 85,514

The hire purchase liability is secured on the respective motor vehicles held under the terms of the agreement.