Company Registration No. 09016088 (England and Wales)
Diban Ltd
Unaudited accounts
for the year ended 31 March 2025
Diban Ltd
Unaudited accounts
Contents
Diban Ltd
Company Information
for the year ended 31 March 2025
Secretary
Adriana-Diana Ban
Company Number
09016088 (England and Wales)
Registered Office
Diban Ltd
Pad
Hoo Farm, Hoo Lane, Offley
Hitchin
Hertfordshire
SG5 3ED
England
Diban Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
359,619
547,846
Inventories
220,401
171,401
Cash at bank and in hand
49,275
26,744
Creditors: amounts falling due within one year
(853,548)
(825,199)
Net current assets
174,653
99,813
Total assets less current liabilities
534,474
647,861
Creditors: amounts falling due after more than one year
(120,697)
(234,338)
Net assets
413,777
413,523
Called up share capital
45,000
1
Profit and loss account
368,777
413,522
Shareholders' funds
413,777
413,523
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 12 April 2025 and were signed on its behalf by
Dumitru Ban
Director
Company Registration No. 09016088
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2025
Diban Ltd is a private company, limited by shares, registered in England and Wales, registration number 09016088. The registered office is Diban Ltd, Pad, Hoo Farm, Hoo Lane, Offley, Hitchin, Hertfordshire, SG5 3ED, 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.
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.
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.
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:
Computer equipment
3 years
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,331,079
14,767
48,062
1,393,908
Additions
52,288
-
4,996
57,284
At 31 March 2025
1,383,367
14,767
53,058
1,451,192
At 1 April 2024
804,824
11,915
29,323
846,062
Charge for the year
233,984
1,920
9,607
245,511
At 31 March 2025
1,038,808
13,835
38,930
1,091,573
At 31 March 2025
344,559
932
14,128
359,619
At 31 March 2024
526,255
2,852
18,739
547,846
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
202
Valuation at 31 March 2025
202
Amounts falling due within one year
Trade debtors
445,084
409,604
Other debtors
60,502
17,564
Amounts falling due after more than one year
Amounts due from group undertakings etc.
252,939
299,699
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
116,379
145,858
Trade creditors
249,321
210,160
Taxes and social security
370,568
315,957
Other creditors
117,280
151,724
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
110,715
213,332
Mr. Dumitru Ban, the director, controls the company by virtue of 100% of the issued ordinary share capital.
10
Average number of employees
During the year the average number of employees was 8 (2024: 10).