1 December 2023 false No description of principal activity Taxfiler 2024.6 13069459business:PrivateLimitedCompanyLtd2023-12-012024-11-30 130694592023-11-30 130694592023-12-012024-11-30 13069459business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 13069459business:FilletedAccounts2023-12-012024-11-30 130694592024-11-30 13069459business:Director12023-12-012024-11-30 13069459business:Director22023-12-012024-11-30 13069459business:RegisteredOffice2023-12-012024-11-30 130694592023-11-30 13069459core:WithinOneYear2024-11-30 13069459core:WithinOneYear2023-11-30 13069459core:AfterOneYear2024-11-30 13069459core:AfterOneYear2023-11-30 13069459core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 13069459core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13069459core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 13069459core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13069459core:PreviouslyStatedAmount2024-11-30 13069459core:PreviouslyStatedAmount2023-11-30 13069459business:SmallEntities2023-12-012024-11-30 13069459countries:EnglandWales2023-12-012024-11-30 13069459core:PlantMachinery2023-12-012024-11-30 13069459core:MotorVehicles2023-12-012024-11-30 13069459core:MotorVehicles2023-11-30 13069459core:MotorVehicles2024-11-30 130694592022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13069459 (England and Wales)
DIMITROV 2020 LTD Unaudited accounts for the year ended 30 November 2024
DIMITROV 2020 LTD Unaudited accounts Contents
Page
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DIMITROV 2020 LTD Company Information for the year ended 30 November 2024
Directors
STEFAN DIMCHEV DIMITROV SVETLANA GEORGIEVA RASHEVA
Company Number
13069459 (England and Wales)
Registered Office
38 NASEBY ROAD DAGENHAM RM10 7JP ENGLAND
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DIMITROV 2020 LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,495 
4,990 
Current assets
Debtors
1,376 
5,819 
Cash at bank and in hand
2,002 
1,707 
3,378 
7,526 
Creditors: amounts falling due within one year
(7,943)
(6,717)
Net current (liabilities)/assets
(4,565)
809 
Total assets less current liabilities
(2,070)
5,799 
Creditors: amounts falling due after more than one year
(5,811)
(5,677)
Net (liabilities)/assets
(7,881)
122 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,981)
22 
Shareholders' funds
(7,881)
122 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by
STEFAN DIMCHEV DIMITROV Director Company Registration No. 13069459
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DIMITROV 2020 LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
DIMITROV 2020 LTD is a private company, limited by shares, registered in England and Wales, registration number 13069459. The registered office is 38 NASEBY ROAD, DAGENHAM, RM10 7JP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
20% Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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DIMITROV 2020 LTD Notes to the Accounts for the year ended 30 November 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2023
12,475 
At 30 November 2024
12,475 
Depreciation
At 1 December 2023
7,485 
Charge for the year
2,495 
At 30 November 2024
9,980 
Net book value
At 30 November 2024
2,495 
At 30 November 2023
4,990 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,328 
Amounts due from group undertakings etc.
- 
2,408 
Accrued income and prepayments
1,374 
83 
1,374 
5,819 
Amounts falling due after more than one year
Other debtors
2 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,050 
1,565 
VAT
924 
763 
Obligations under finance leases and hire purchase contracts
2,394 
2,394 
Trade creditors
823 
391 
Taxes and social security
15 
748 
Loans from directors
447 
- 
Accruals
1,290 
856 
7,943 
6,717 
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DIMITROV 2020 LTD Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,013 
2,485 
Obligations under finance leases and hire purchase contracts
798 
3,192 
5,811 
5,677 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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