Registered number
08238992
DX Partners Ltd
Filleted Accounts
31 October 2024
DX Partners Ltd
Registered number: 08238992
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,917 778
Investments 4 59,789 -
79,706 778
Current assets
Debtors 5 76,593 79,450
Cash at bank and in hand 401,835 304,621
478,428 384,071
Creditors: amounts falling due within one year 6 (303,658) (262,953)
Net current assets 174,770 121,118
Net assets 254,476 121,896
Capital and reserves
Called up share capital 100 100
Profit and loss account 254,376 121,796
Shareholder's funds 254,476 121,896
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neelashish Banerjee Rajkumar Khubchandani
Director Director
Approved by the board on 21 May 2024 Approved by the board on 21 May 2024
DX Partners Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 18% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 8,177 - 8,177
Additions - 19,333 19,333
At 31 October 2024 8,177 19,333 27,510
Depreciation
At 1 November 2023 7,399 - 7,399
Charge for the year 194 - 194
At 31 October 2024 7,593 - 7,593
Net book value
At 31 October 2024 584 19,333 19,917
At 31 October 2023 778 - 778
4 Investments
Other
investments
£
Cost
Additions 59,789
At 31 October 2024 59,789
5 Debtors 2024 2023
£ £
Trade debtors 63,468 67,897
Other debtors 13,125 11,553
76,593 79,450
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,102 8,365
Trade creditors 188,544 155,461
Taxation and social security costs 46,500 37,721
Other creditors 61,512 61,406
303,658 262,953
7 Other information
DX Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 Aqua House
46 Varcor Gardens
Hayes
UB3 2FH
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