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Company Registration No. 12762307 (England and Wales)
DJ Finance Ltd Unaudited accounts for the year ended 31 July 2024
DJ Finance Ltd Unaudited accounts Contents
Page
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DJ Finance Ltd Company Information for the year ended 31 July 2024
Directors
Rajesh Kumar Surander kumar Lund
Company Number
12762307 (England and Wales)
Registered Office
3 Langdale Drive Hayes Middlesex UB4 8SS England
Accountants
Lucent Accounting 4 Dorset Way Uxbridge UB10 0JR
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DJ Finance Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
574,800 
574,800 
Current assets
Cash at bank and in hand
24,495 
9,002 
Creditors: amounts falling due within one year
(595,635)
(586,195)
Net current liabilities
(571,140)
(577,193)
Net assets/(liabilities)
3,660 
(2,393)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,560 
(2,493)
Shareholders' funds
3,660 
(2,393)
For the year ending 31 July 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 29 May 2025 and were signed on its behalf by
Rajesh Kumar Director Company Registration No. 12762307
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DJ Finance Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
DJ Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 12762307. The registered office is 3 Langdale Drive, Hayes, Middlesex, UB4 8SS, 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.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
574,800 
At 31 July 2024
574,800 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
574,800 
At 31 July 2023
574,800 
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DJ Finance Ltd Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
392,000 
392,000 
Trade creditors
34,463 
18,255 
Taxes and social security
835 
- 
Other creditors
2,000 
- 
Loans from directors
165,037 
175,040 
Accruals
1,300 
900 
595,635 
586,195 
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
7
Loans to directors
During the year, company owed £165,037 to the director of the company.
8
Transactions with related parties
During the year, the company had an intercompany PR Investment Ltd with the balance to pay of £2,000. There is no interest or repayment terms attached to this funding.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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