27 4 Complete Doorset Solutions Install Ltd 13876349 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is other construction installation. Digita Accounts Production Advanced 6.30.9574.0 true false 13876349 2023-06-01 2024-05-31 13876349 2024-05-31 13876349 core:RetainedEarningsAccumulatedLosses 2024-05-31 13876349 core:ShareCapital 2024-05-31 13876349 core:CurrentFinancialInstruments 2024-05-31 13876349 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13876349 core:FurnitureFittingsToolsEquipment 2024-05-31 13876349 bus:SmallEntities 2023-06-01 2024-05-31 13876349 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13876349 bus:AbridgedAccounts 2023-06-01 2024-05-31 13876349 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13876349 bus:RegisteredOffice 2023-06-01 2024-05-31 13876349 bus:Director1 2023-06-01 2024-05-31 13876349 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13876349 bus:Agent1 2023-06-01 2024-05-31 13876349 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 13876349 core:ShareCapital 2023-06-01 2024-05-31 13876349 core:FurnitureFittings 2023-06-01 2024-05-31 13876349 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 13876349 1 2023-06-01 2024-05-31 13876349 countries:UnitedKingdom 2023-06-01 2024-05-31 13876349 2023-05-31 13876349 core:RetainedEarningsAccumulatedLosses 2023-05-31 13876349 core:ShareCapital 2023-05-31 13876349 core:FurnitureFittingsToolsEquipment 2023-05-31 13876349 2022-01-27 2023-05-31 13876349 2023-05-31 13876349 core:CurrentFinancialInstruments 2023-05-31 13876349 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13876349 core:FurnitureFittingsToolsEquipment 2023-05-31 13876349 core:RetainedEarningsAccumulatedLosses 2022-01-27 2023-05-31 13876349 core:ShareCapital 2022-01-27 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 13876349

Complete Doorset Solutions Install Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2024

 

Complete Doorset Solutions Install Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 13

 

Complete Doorset Solutions Install Ltd

Company Information

Director

AS Ruprai

Registered office

13 Montpelier Avenue
Bexley
Kent
DA5 3AP

Accountants

Kishens Limited
Chartered Accountants13 Montpelier Avenue
Bexley
Kent
DA5 3AP

 

Complete Doorset Solutions Install Ltd

Director's Report for the Year Ended 31 May 2024

The director presents his report and the abridged financial statements for the year ended 31 May 2024.

Director of the company

The director who held office during the year was as follows:

AS Ruprai

Principal activity

The principal activity of the company is other construction installation.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 January 2025
 

.........................................
AS Ruprai
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Complete Doorset Solutions Install Ltd
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Complete Doorset Solutions Install Ltd for the year ended 31 May 2024 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Complete Doorset Solutions Install Ltd, as a body, in accordance with the terms of our engagement letter dated 9 February 2022. Our work has been undertaken solely to prepare for your approval the accounts of Complete Doorset Solutions Install Ltd and state those matters that we have agreed to state to the Board of Directors of Complete Doorset Solutions Install Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Complete Doorset Solutions Install Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Complete Doorset Solutions Install Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Complete Doorset Solutions Install Ltd. You consider that Complete Doorset Solutions Install Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Complete Doorset Solutions Install Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kishens Limited
Chartered Accountants
13 Montpelier Avenue
Bexley
Kent
DA5 3AP

29 January 2025

 

Complete Doorset Solutions Install Ltd

Abridged Profit and Loss Account for the Year Ended 31 May 2024

Note

2024
£

2023
£

Gross profit

 

1,538,944

932,475

Administrative expenses

 

(1,527,917)

(426,251)

Interest payable and similar expenses

 

(3,873)

-

Profit before tax

4

7,154

506,224

Tax on profit

 

(735)

(100,597)

Profit for the financial year

 

6,419

405,627

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Complete Doorset Solutions Install Ltd

Statement of Comprehensive Income for the Year Ended 31 May 2024

2024
£

2023
£

Profit for the year

6,419

405,627

Total comprehensive income for the year

6,419

405,627

 

Complete Doorset Solutions Install Ltd

(Registration number: 13876349)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

5

5,321

5,815

Current assets

 

Stocks

6

465,000

50,000

Debtors

7

152,627

146,222

Cash at bank and in hand

 

1,797

40,410

 

619,424

236,632

Prepayments and accrued income

 

400,000

-

Creditors: Amounts falling due within one year

(942,359)

(165,776)

Net current assets

 

77,065

70,856

Total assets less current liabilities

 

82,386

76,671

Provisions for liabilities

-

(1,454)

Accruals and deferred income

 

(2,500)

(1,750)

Net assets

 

79,886

73,467

Capital and reserves

 

Called up share capital

8

2,000

2,000

Retained earnings

77,886

71,467

Shareholders' funds

 

79,886

73,467

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 29 January 2025
 

 

Complete Doorset Solutions Install Ltd

(Registration number: 13876349)
Abridged Balance Sheet as at 31 May 2024

.........................................
AS Ruprai
Director

 

Complete Doorset Solutions Install Ltd

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

2,000

71,467

73,467

Profit for the year

-

6,419

6,419

At 31 May 2024

2,000

77,886

79,886

Share capital
£

Retained earnings
£

Total
£

Profit for the year

-

405,627

405,627

Dividends

-

(334,160)

(334,160)

New share capital subscribed

2,000

-

2,000

At 31 May 2023

2,000

71,467

73,467

 

Complete Doorset Solutions Install Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
13 Montpelier Avenue
Bexley
Kent
DA5 3AP
England

These financial statements were authorised for issue by the director on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or on completion of the designated services;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Complete Doorset Solutions Install Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipments

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Complete Doorset Solutions Install Ltd

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

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 27 (2023 - 4).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,774

1,774

 

Complete Doorset Solutions Install Ltd

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

5

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

7,589

7,589

Additions

1,280

1,280

At 31 May 2024

8,869

8,869

Depreciation

At 1 June 2023

1,774

1,774

Charge for the year

1,774

1,774

At 31 May 2024

3,548

3,548

Carrying amount

At 31 May 2024

5,321

5,321

At 31 May 2023

5,815

5,815

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

200,000

50,000

Other inventories

265,000

-

465,000

50,000

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

2,000

2,000

2,000

2,000

       
 

Complete Doorset Solutions Install Ltd

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

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of Nil (2023 - 167.08) per each Ordinary Shares

-

334,160

 

 

10

Parent and ultimate parent undertaking

The ultimate controlling party is AS Ruprai.