D J Decorators Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 04504203 (England and Wales)

D J DECORATORS LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Stone

A J Stone

SECRETARY:

N M Stone

REGISTERED OFFICE:

Unit 2 Forgeside

Cwmbran

Gwent

NP44 3LN

REGISTERED NUMBER:

04504203 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

5,761

8,483

CURRENT ASSETS

Stocks

61,986

53,077

Debtors

5

358,588

428,156

Cash in hand

3,556

56

424,130

481,289

CREDITORS

Amounts falling due within one year

6

372,383

376,770

NET CURRENT ASSETS

51,747

104,519

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,508

113,002

PROVISIONS FOR LIABILITIES

1,095

1,612

NET ASSETS

56,413

111,390

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

56,313

111,290

SHAREHOLDERS' FUNDS

56,413

111,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd April 2025 and were signed on its behalf by:

N M Stone - Director

1.	STATUTORY INFORMATION

D J Decorators 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1st October 2023

3,000

69,242

72,242

Disposals

-

(28,275

)

(28,275

)

At 30th September 2024

3,000

40,967

43,967

DEPRECIATION

At 1st October 2023

3,000

60,759

63,759

Charge for year

-

1,921

Eliminated on disposal

-

(27,474

)

(27,474

)

At 30th September 2024

3,000

35,206

38,206

NET BOOK VALUE

At 30th September 2024

-

5,761

At 30th September 2023

-

8,483

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

Motor

vehicles

£

COST

At 1st October 2023

24,900

Transfer to ownership

(24,900

)

At 30th September 2024

-

DEPRECIATION

At 1st October 2023

18,826

Charge for year

346

Transfer to ownership

(19,172

)

At 30th September 2024

-

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

6,074

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,225

25,546

Directors' current accounts

257,383

302,630

Tax

99,980

358,588

428,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

37,335

30,691

Hire purchase contracts

-

1,276

Trade creditors

51,582

44,883

Corporation Tax

92,148

128,106

PAYE

133,122

101,417

VAT

45,613

48,138

Other creditors

4,497

4,976

Accruals and deferred income

8,086

17,283

372,383

376,770

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

80

Ordinary A

£1

80

20

Ordinary B

£1

20

100

8.	RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- N M Stone owed the company £257,383 (2023 - £302,630).