IRIS Accounts Production v25.1.0.734 10326940 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103269402023-08-31103269402024-08-31103269402023-09-012024-08-31103269402022-08-31103269402022-09-012023-08-31103269402023-08-3110326940ns15:EnglandWales2023-09-012024-08-3110326940ns14:PoundSterling2023-09-012024-08-3110326940ns10:Director12023-09-012024-08-3110326940ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110326940ns10:SmallEntities2023-09-012024-08-3110326940ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110326940ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110326940ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110326940ns10:FullAccounts2023-09-012024-08-3110326940ns10:OrdinaryShareClass12023-09-012024-08-3110326940ns5:CurrentFinancialInstruments2024-08-3110326940ns5:CurrentFinancialInstruments2023-08-3110326940ns5:Non-currentFinancialInstruments2024-08-3110326940ns5:Non-currentFinancialInstruments2023-08-3110326940ns5:ShareCapital2024-08-3110326940ns5:ShareCapital2023-08-3110326940ns5:RetainedEarningsAccumulatedLosses2024-08-3110326940ns5:RetainedEarningsAccumulatedLosses2023-08-3110326940ns5:MotorVehicles2023-09-012024-08-3110326940ns5:ComputerEquipment2023-09-012024-08-3110326940ns5:MotorVehicles2023-08-3110326940ns5:ComputerEquipment2023-08-3110326940ns5:MotorVehicles2024-08-3110326940ns5:ComputerEquipment2024-08-3110326940ns5:MotorVehicles2023-08-3110326940ns5:ComputerEquipment2023-08-3110326940ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3110326940ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3110326940ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3110326940ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110326940ns5:DeferredTaxation2023-08-3110326940ns5:DeferredTaxation2023-09-012024-08-3110326940ns5:DeferredTaxation2024-08-3110326940ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 10326940 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DAVID BELLINI DISPLAY SOLUTIONS LTD

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance sheet 1

Notes to the financial statements 2


DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 13,548 132

Current assets
Stocks - 2,155
Debtors 5 11,365 -
Cash at bank 20,710 32,741
32,075 34,896
Creditors
Amounts falling due within one year 6 27,861 18,435
Net current assets 4,214 16,461
Total assets less current liabilities 17,762 16,593

Creditors
Amounts falling due after more than one year 7 (10,062 ) -

Provisions for liabilities 9 (2,574 ) (25 )
Net assets 5,126 16,568

Capital and reserves
Called up share capital 10 100 100
Retained earnings 5,026 16,468
Shareholders' funds 5,126 16,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 May 2025 and were signed by:




Mr D H Bellini - Director


DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. Statutory information

David Bellini Display Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10326940. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Avondale, 13 Lower Grove, Whitsbury, Fordingbridge, Hampshire, SP6 3QA.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable from the provision of display equipment for exhibitions and similar events, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 September 2023 - 398 398
Additions 15,770 1,398 17,168
At 31 August 2024 15,770 1,796 17,566
Depreciation
At 1 September 2023 - 266 266
Charge for year 3,154 598 3,752
At 31 August 2024 3,154 864 4,018
Net book value
At 31 August 2024 12,616 932 13,548
At 31 August 2023 - 132 132

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 15,770
At 31 August 2024 15,770
Depreciation
Charge for year 3,154
At 31 August 2024 3,154
Net book value
At 31 August 2024 12,616

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 7,860 -
VAT 2,585 -
Prepayments 920 -
11,365 -

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 2,186 -
Trade creditors 383 1,570
Tax 5,558 4,484
VAT - 911
Directors' current accounts 403 8,817
Accruals and deferred income 19,331 2,653
27,861 18,435

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 10,062 -

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 12,248 -

Amounts owed under hire purchase are secured against the asset to which they relate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 2,574 25

Deferred
tax
£   
Balance at 1 September 2023 25
Charge to Income statement during year 2,549
Balance at 31 August 2024 2,574

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Ultimate controlling party

The company is under the control of the director, Mr D Bellini, by virtue of his majority holding of the share capital of the company.