Registered number
06039635
DDM Private Hire Ltd
Filleted Accounts
31 January 2025
DDM Private Hire Ltd
Registered number: 06039635
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 210,332 164,368
210,333 164,369
Current assets
Debtors 5 36,399 23,784
Cash at bank and in hand 9,634 12,419
46,033 36,203
Creditors: amounts falling due within one year 6 (81,749) (70,211)
Net current liabilities (35,716) (34,008)
Total assets less current liabilities 174,617 130,361
Creditors: amounts falling due after more than one year 7 (169,314) (128,935)
Net assets 5,303 1,426
Capital and reserves
Called up share capital 2 2
Profit and loss account 5,301 1,424
Shareholders' funds 5,303 1,426
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
David Malthouse
Director
Approved by the board on 21 May 2025
DDM Private Hire Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
Goodwill fully amortised
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:
Plant & equipment over 5 to 8 years
Motor vehicles over 5 to 8 years
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.
Grants
Grants which relate to revenue are recognised as income in the period the related costs are incurred and for which the grant is intended to compensate. Grants which are received for compensation for expenses or losses which have already been incurred is recognised as income when it is received or receivable.
Grants which relate to assets are recognised in income on a systematic basis over the useful life of the asset.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 26,250
At 31 January 2025 26,250
Amortisation
At 1 February 2024 26,249
At 31 January 2025 26,249
Net book value
At 31 January 2025 1
At 31 January 2024 1
Goodwill has been fully written off.
4 Tangible fixed assets
Plant & equipment etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 9,500 192,498 201,998
Additions - 126,500 126,500
Disposals - (89,400) (89,400)
At 31 January 2025 9,500 229,598 239,098
Depreciation
At 1 February 2024 9,499 28,131 37,630
Charge for the year - 7,080 7,080
On disposals - (15,944) (15,944)
At 31 January 2025 9,499 19,267 28,766
Net book value
At 31 January 2025 1 210,331 210,332
At 31 January 2024 1 164,367 164,368
5 Debtors 2025 2024
£ £
Trade debtors 36,399 23,784
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade & other creditors (includes directors loans) 81,749 70,211
7 Creditors: amounts falling due after one year 2025 2024
£ £
Loans & other creditors 169,314 128,935
8 Other information
DDM Private Hire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Valley House
Kingsway South
Team Valley
Gateshead
NE11 0JW
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