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
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
DIMITROV 2020 LTD
Statement of financial position
as at 30 November 2024
Tangible assets
2,495
4,990
Cash at bank and in hand
2,002
1,707
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
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
DIMITROV 2020 LTD
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
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.
DIMITROV 2020 LTD
Notes to the Accounts
for the year ended 30 November 2024
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 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
At 30 November 2024
12,475
Amounts falling due within one year
Amounts due from group undertakings etc.
-
2,408
Accrued income and prepayments
1,374
83
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,050
1,565
Obligations under finance leases and hire purchase contracts
2,394
2,394
Taxes and social security
15
748
Loans from directors
447
-
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
Obligations under finance leases and hire purchase contracts
798
3,192
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).