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Company Registration No. 10956376 (England and Wales)
D & D DRYLINING (LINCOLN) LIMITED Unaudited accounts for the year ended 30 September 2024
D & D DRYLINING (LINCOLN) LIMITED Unaudited accounts Contents
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D & D DRYLINING (LINCOLN) LIMITED Company Information for the year ended 30 September 2024
Directors
Daniel Stimpson Daniel Cass
Company Number
10956376 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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D & D DRYLINING (LINCOLN) LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,208 
2,816 
Current assets
Debtors
51,269 
32,553 
Cash at bank and in hand
3,025 
4,386 
54,294 
36,939 
Creditors: amounts falling due within one year
(44,411)
(18,705)
Net current assets
9,883 
18,234 
Total assets less current liabilities
23,091 
21,050 
Creditors: amounts falling due after more than one year
(22,994)
(21,000)
Net assets
97 
50 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
87 
40 
Shareholders' funds
97 
50 
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. 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 30 March 2025 and were signed on its behalf by
Daniel Stimpson Director Company Registration No. 10956376
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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
D & D DRYLINING (LINCOLN) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10956376. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
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% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
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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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
7,565 
- 
2,600 
10,165 
Additions
- 
13,694 
- 
13,694 
At 30 September 2024
7,565 
13,694 
2,600 
23,859 
Depreciation
At 1 October 2023
5,431 
- 
1,918 
7,349 
Charge for the year
427 
2,739 
136 
3,302 
At 30 September 2024
5,858 
2,739 
2,054 
10,651 
Net book value
At 30 September 2024
1,707 
10,955 
546 
13,208 
At 30 September 2023
2,134 
- 
682 
2,816 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
10,955 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,056 
960 
Trade debtors
9,412 
6,296 
Other debtors
23,992 
7,112 
36,460 
14,368 
Amounts falling due after more than one year
Other debtors
14,809 
18,185 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Obligations under finance leases and hire purchase contracts
4,410 
- 
Trade creditors
6,316 
1,869 
Taxes and social security
5,853 
6,064 
Other creditors
180 
- 
Accruals
660 
660 
Deferred income
23,992 
7,112 
44,411 
18,705 
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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,000 
21,000 
Obligations under finance leases and hire purchase contracts
5,994 
- 
22,994 
21,000 
Bounce back loan has commenced with an extended term of 120 months attracting an interest rate of 2.5% pa. A government support guarantee is in place. Hire Purchase due Yr.2 - Yr.3 £5,994
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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