1 October 2023 v2025.19.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP039651452023-10-012024-09-30039651452024-09-30039651452023-09-3003965145core:WithinOneYear2024-09-3003965145core:WithinOneYear2023-09-3003965145core:ShareCapital2024-09-3003965145core:ShareCapital2023-09-3003965145core:RetainedEarningsAccumulatedLosses2024-09-3003965145core:RetainedEarningsAccumulatedLosses2023-09-3003965145bus:Director12023-10-012024-09-3003965145bus:RegisteredOffice2023-10-012024-09-30039651452022-10-012023-09-300396514512023-10-012024-09-3003965145countries:EnglandWales2023-10-012024-09-3003965145bus:AuditExemptWithAccountantsReport2023-10-012024-09-3003965145bus:PrivateLimitedCompanyLtd2023-10-012024-09-3003965145bus:SmallEntities2023-10-012024-09-3003965145bus:FullAccounts2023-10-012024-09-30
Company registration number:
03965145
Debco Rentals 23 Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2024
BRIAN PAUL LIMITED
Chartered Accountants
159A Chase Side, Enfield, Middlesex, EN2 0PW, United Kingdom
Debco Rentals 23 Ltd
Statement of Financial Position
30 September 2024
20242023
Note££
Current assets    
Debtors 5
136,692
 
157,416
 
Cash at bank and in hand
230,207
 
433,517
 
366,899
 
590,933
 
Creditors: amounts falling due within one year 6
(720
)
(117,245
)
Net current assets
366,179
 
473,688
 
Total assets less current liabilities 366,179   473,688  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
366,079
 
473,588
 
Shareholders funds
366,179
 
473,688
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 April 2025
, and are signed on behalf of the board by:
D De Boick
Director
Company registration number:
03965145
Debco Rentals 23 Ltd
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Cart Lodge Generals Lane
,
Boreham
,
Chelmsford
,
CM3 3HN
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents the total invoice value, net of discounts and Value Added Tax, of work done during the year.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
10.00
).

5 Debtors

20242023
££
Trade debtors
3,770
 
11,790
 
Other debtors
132,922
 
145,626
 
136,692
 
157,416
 

6 Creditors: amounts falling due within one year

20242023
££
Taxation and social security -  
117,245
 
Other creditors
720
  -  
720
 
117,245
 

7 Directors' advances, credit and guarantees

At 30th September 2024 one of the directors owed to the company £132,661 (2023: £145,626). 2.5% interest is charged on the loan. The loan is repayable on demand.