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REGISTERED NUMBER: 04701834 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DABHAND SIGNS LIMITED

DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)






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


DABHAND SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J G Middleton
Mrs E L Middleton





REGISTERED OFFICE: 14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW





REGISTERED NUMBER: 04701834 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 90,925 78,531
90,925 78,531

CURRENT ASSETS
Inventories 6 1,949 3,132
Debtors 7 110,420 79,179
Cash at bank and in hand 329,658 291,318
442,027 373,629
CREDITORS
Amounts falling due within one year 8 89,250 64,269
NET CURRENT ASSETS 352,777 309,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,702

387,891

CREDITORS
Amounts falling due after more than one
year

9

(36,142

)

(27,500

)

PROVISIONS FOR LIABILITIES (17,276 ) (9,143 )
NET ASSETS 390,284 351,248

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 390,283 351,247
SHAREHOLDERS' FUNDS 390,284 351,248

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.

DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

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 14 January 2025 and were signed on its behalf by:




Mr J G Middleton - Director



Mrs E L Middleton - Director


DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

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

1. STATUTORY INFORMATION

Dabhand Signs 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.

The accounts are prepared on a going concern basis.

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

The turnover represents sale of goods and services and amounts recoverable on contract.
Income is recognised when the company obtains the right to consideration following completion of an agreed order.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003 was being amortised evenly over its estimated useful life of twenty years.
The amount brought forward from 2015 is now being amortised over its maximum useful life of 5 years in accordance with FRS 102 (Section 1a).

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 50% on cost
Computer equipment - 33% on cost

Stocks
Inventories 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 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.


DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

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

2. ACCOUNTING POLICIES - continued
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 balance sheet. 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 the lease term, whichever is the shorter.

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

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 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023 219,400
Additions 55,170
Disposals (49,940 )
At 30 June 2024 224,630
DEPRECIATION
At 1 July 2023 140,869
Charge for year 25,658
Eliminated on disposal (32,822 )
At 30 June 2024 133,705
NET BOOK VALUE
At 30 June 2024 90,925
At 30 June 2023 78,531

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

Plant and
machinery
etc
£   
COST
Additions 53,880
At 30 June 2024 53,880
DEPRECIATION
Charge for year 13,470
At 30 June 2024 13,470
NET BOOK VALUE
At 30 June 2024 40,410

6. INVENTORIES
30/6/24 30/6/23
£    £   
Stocks 1,949 3,132

DABHAND SIGNS LIMITED (REGISTERED NUMBER: 04701834)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 88,373 46,636
Amounts recoverable on contract 10,897 18,728
Other debtors 11,150 13,815
110,420 79,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 5,736 -
Trade creditors 22,681 18,223
Taxation and social security 22,769 11,848
Other creditors 38,064 34,198
89,250 64,269

Included within 'Other creditors' falling due within one year is amounts payable on demand to the company directors totalling £25,516 (2023: £22,050). Interest has not been charged to the company on this loan.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 18,642 -
Other creditors 17,500 27,500
36,142 27,500

10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Hire purchase contracts 24,378 -
Other loans 27,500 37,500
51,878 37,500

The Bounce Back Loan is substantially secured by the government.

Hire Purchase/Finance lease liabilities are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
4 Ordinary 25p 1 1