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REGISTERED NUMBER: 03722369 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAYFOR LIMITED

DAYFOR LIMITED (REGISTERED NUMBER: 03722369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAYFOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: H K Duggal
N Duggal





REGISTERED OFFICE: 1 Hockley Circus
Birmingham
West Midlands
B18 5PP





REGISTERED NUMBER: 03722369 (England and Wales)

DAYFOR LIMITED (REGISTERED NUMBER: 03722369)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,118,579 5,344,942

CURRENT ASSETS
Stocks 5 4,436 2,824
Debtors 6 966,485 961,855
Cash at bank and in hand 4,184 126,873
975,105 1,091,552
CREDITORS
Amounts falling due within one year 7 4,102,547 3,146,337
NET CURRENT LIABILITIES (3,127,442 ) (2,054,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,991,137

3,290,157

CREDITORS
Amounts falling due after more than one
year

8

(928,973

)

(988,313

)

PROVISIONS FOR LIABILITIES 11 (29,962 ) (29,962 )
NET ASSETS 2,032,202 2,271,882

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 13 2,031,202 2,270,882
SHAREHOLDERS' FUNDS 2,032,202 2,271,882

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 25 March 2025 and were signed on its behalf by:





H K Duggal - Director


DAYFOR LIMITED (REGISTERED NUMBER: 03722369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Dayfor 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 4 (2023 - 4 ) .

DAYFOR LIMITED (REGISTERED NUMBER: 03722369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 5,468,094 958,168 703,340
Additions 764,332 - -
At 31 March 2024 6,232,426 958,168 703,340
DEPRECIATION
At 1 April 2023 345,899 958,168 629,072
Charge for year - - 11,140
At 31 March 2024 345,899 958,168 640,212
NET BOOK VALUE
At 31 March 2024 5,886,527 - 63,128
At 31 March 2023 5,122,195 - 74,268

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 998,449 4,299 8,132,350
Additions 50,266 - 814,598
At 31 March 2024 1,048,715 4,299 8,946,948
DEPRECIATION
At 1 April 2023 850,072 4,197 2,787,408
Charge for year 29,796 25 40,961
At 31 March 2024 879,868 4,222 2,828,369
NET BOOK VALUE
At 31 March 2024 168,847 77 6,118,579
At 31 March 2023 148,377 102 5,344,942

5. STOCKS
31/3/24 31/3/23
£    £   
Stocks 4,436 2,824

DAYFOR LIMITED (REGISTERED NUMBER: 03722369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 907,685 933,888
VAT 58,800 27,967
966,485 961,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 555,547 140,179
Tax (9,234 ) 24,020
Social security and other taxes (2,881 ) 3,630
Pension liability 217 217
Wages control - 4,790
Directors' current accounts 3,553,198 2,966,054
Accrued expenses 5,700 7,447
4,102,547 3,146,337

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other loans (see note 9) 928,973 988,313

9. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due between one and two years:
Bank Loans 928,973 988,313

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Natwest loan 928,973 988,313

11. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 29,962 29,962

DAYFOR LIMITED (REGISTERED NUMBER: 03722369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 29,962
Capital Allowances
Balance at 31 March 2024 29,962

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. RESERVES
Retained
earnings
£   

At 1 April 2023 2,270,882
Deficit for the year (237,680 )
Dividends (2,000 )
At 31 March 2024 2,031,202

14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andeep Kumar Mangal, B.A. (Hons), A.C.A. (Senior Statutory Auditor)
for and on behalf of Thapers Limited