Registered number
10779591
DS and Son Limited
Filleted Accounts
30 June 2024
DS and Son Limited
Registered number: 10779591
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 134,869 144,083
Current assets
Debtors 4 12,057 11,697
Cash at bank and in hand 9,956 11,873
22,013 23,570
Creditors: amounts falling due within one year 5 (66,892) (65,543)
Net current liabilities (44,879) (41,973)
Total assets less current liabilities 89,990 102,110
Creditors: amounts falling due after more than one year 6 (93,520) (110,787)
Net liabilities (3,530) (8,677)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,630) (8,777)
Shareholders' funds (3,530) (8,677)
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.
Mr Damandeep Singh
Director
Approved by the board on 12 March 2025
DS and Son Limited
Notes to the Accounts
for the year ended 30 June 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:
Motor Vehicle 10% reducing balance
Fixtures, fittings, tools and equipment 10% 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
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 6
3 Tangible fixed assets
Fixture & Fittings Motor vehicles Total
£ £ £
Cost
At 1 July 2023 41,335 157,474 198,809
Additions 1,350 - 1,350
At 30 June 2024 42,685 157,474 200,159
Depreciation
At 1 July 2023 7,003 47,723 54,726
Charge for the year 1,784 8,780 10,564
At 30 June 2024 8,787 56,503 65,290
Net book value
At 30 June 2024 33,898 100,971 134,869
At 30 June 2023 34,332 109,751 144,083
4 Debtors 2024 2023
£ £
Trade debtors 12,057 11,697
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (3,868) 801
Diector Loan Account 70,760 64,742
Other creditors -
66,892 65,543
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,958 23,082
Obligations under finance lease and hire purchase contracts 59,513 40,512
Director Loan Account 15,049 47,193
93,520 110,787
7 Contingent liabilities
Mr Damandeep Singh have controlling interest in the company by the virtue of 100% holding of the ordinary shares of the company
8 Other information
DS and Son Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Wharfside Way
Trafford Park
Manchester
M17 1AW
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