Registered number
14770202
DIRECT LETS MANCHESTER LTD
Filleted Accounts
30 September 2024
DIRECT LETS MANCHESTER LTD
Registered number: 14770202
Balance Sheet
as at 30 September 2024
Notes 30/9/24 31/3/24
£ £
Current assets
Debtors 3 443 -
Cash at bank and in hand 11,797 200
12,240 200
Creditors: amounts falling due within one year 4 (9,875) -
Net current assets 2,365 200
Net assets 2,365 200
Capital and reserves
Called up share capital 200 200
Profit and loss account 2,165 -
Shareholder's funds 2,365 200
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.
Mr P Nolan
Director
Approved by the board on 6 December 2024
DIRECT LETS MANCHESTER LTD
Notes to the Accounts
for the period from 1 April 2024 to 30 September 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 net of value added taxes.Turnover including revenue from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairmentlosses 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.
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. 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.
Pensions
The company did not operate a pension scheme during the period.
2 Employees 30/9/24 31/3/24
Number Number
Average number of persons employed by the company 1 1
3 Debtors 30/9/24 31/3/24
£ £
Trade debtors and prepayments 443 -
4 Creditors: amounts falling due within one year 30/9/24 31/3/24
£ £
Trade creditors and accruals 6,741 -
Corporation tax 508 -
Taxation and social security costs 2,626 -
9,875 -
5 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
6 Contingent liabilities
There were no contingent liabilities in existence at the year end.
7 Controlling party
The company is controlled by Mr P Nolan, the sole director and shareholder.
8 Other information
DIRECT LETS MANCHESTER LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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