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REGISTERED NUMBER: 04734161 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Direct Removals & Storage Of Weymouth
Ltd

Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Direct Removals & Storage Of Weymouth
Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Smale
B Smale





SECRETARY: Mrs L Smale





REGISTERED OFFICE: G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 04734161 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 559,569 568,365

CURRENT ASSETS
Debtors 5 22,881 28,111
Cash at bank 61,114 50,646
83,995 78,757
CREDITORS
Amounts falling due within one year 6 80,999 92,326
NET CURRENT ASSETS/(LIABILITIES) 2,996 (13,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,565

554,796

CREDITORS
Amounts falling due after more than one year 7 (227,159 ) (238,383 )

PROVISIONS FOR LIABILITIES (9,972 ) (12,303 )
NET ASSETS 325,434 304,110

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 325,334 304,010
SHAREHOLDERS' FUNDS 325,434 304,110

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.

Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)

Balance Sheet - 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:




D Smale - Director



B Smale - Director


Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Direct Removals & Storage Of Weymouth Ltd 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.

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.
Short leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 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.

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 6 (2023 - 6 ) .

Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 521,940 2,778 77,721 174,941 777,380
Additions - - 450 - 450
At 30 June 2024 521,940 2,778 78,171 174,941 777,830
DEPRECIATION
At 1 July 2023 - 591 58,339 150,085 209,015
Charge for year - 56 2,976 6,214 9,246
At 30 June 2024 - 647 61,315 156,299 218,261
NET BOOK VALUE
At 30 June 2024 521,940 2,131 16,856 18,642 559,569
At 30 June 2023 521,940 2,187 19,382 24,856 568,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 12,654 17,358
Directors' current accounts 3,383 2,542
Prepayments and accrued income - 1,630
Prepayments 6,844 6,581
22,881 28,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 24,167 34,167
Hire purchase contracts 3,038 3,038
Trade creditors 7 628
Tax 24,574 27,567
Social security and other taxes 5,006 -
VAT 18,534 15,551
Directors' current accounts 1,473 275
Accrued expenses 4,200 11,100
80,999 92,326

Direct Removals & Storage Of Weymouth
Ltd (Registered number: 04734161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Mortgage 224,375 232,561
Hire purchase contracts 2,784 5,822
227,159 238,383

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 224,375 232,561

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
D Smale
Balance outstanding at start of year (275 ) (855 )
Amounts advanced 9,392 4,680
Amounts repaid (10,590 ) (4,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,473 ) (275 )

B Smale
Balance outstanding at start of year 2,542 (2,011 )
Amounts advanced 3,904 9,363
Amounts repaid (3,063 ) (4,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,383 2,542

10. CHARGES

The company has two outstanding charges for loans secured against assets of the company.