Registered number
08201328
Dirtbusters NE Limited
Filleted Accounts
30 September 2024
Dirtbusters NE Limited
Registered number: 08201328
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 12,591 6,304
12,591 6,304
Current assets
Debtors 5 17,167 23,068
Cash at bank and in hand 368,733 385,926
385,900 408,994
Creditors: amounts falling due within one year 6 (30,020) (74,868)
Net current assets 355,880 334,126
Total assets less current liabilities 368,471 340,430
Provisions for liabilities - -
Net assets 368,471 340,430
Capital and reserves
Called up share capital 200,100 200,100
Profit and loss account 168,371 140,330
Shareholder's funds 368,471 340,430
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 John Eden
Director
Approved by the board on 13 December 2024
Dirtbusters NE Limited
Notes to the Accounts
for the year ended 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 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:
Plant and machinery 33% straight line
Motor vehicles 20% straight line
Fixtures, fittings, tools and equipment 33% straight line
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition
over the company's interest in the net fair value of the identifiable assets, liabilities and contingent
liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an
asset at cost and is subsequently measured at cost less accumulated amortisation and
accumulated impairment losses. Goodwill is held in the currency of the acquired entity and
revalued to the closing rate at each reporting date. Goodwill is amortised over its useful life, which
shall not exceed ten years if a reliable estimate of the useful life cannot be made. The directors
believe that the residual value of goodwill should be written off in equal instalments over the next
6 years starting with 2017. This has reduced the depreciation charge from £50,000 to £12,500.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated
residual value, over their useful life as follows:
Goodwill 16.67% straight line
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.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial
statements in the reporting period in which the dividends are declared.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 250,000
Additions -
Disposals -
At 30 September 2024 250,000
Amortisation
At 1 October 2023 250,000
Provided during the year -
On disposals -
At 30 September 2024 250,000
Net book value
At 30 September 2024 -
At 30 September 2023 -
4 Tangible fixed assets
Fixtures and fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 1,790 13,907 15,300 30,997
Additions - 266 15,000 15,266
Disposals - - (15,300) (15,300)
At 30 September 2024 1,790 14,173 15,000 30,963
Depreciation
At 1 October 2023 1,461 10,910 12,322 24,693
Charge for the year 162 2,839 3,000 6,001
On disposals - - (12,322) (12,322)
At 30 September 2024 1,623 13,749 3,000 18,372
Net book value
At 30 September 2024 167 424 12,000 12,591
At 30 September 2023 329 2,997 2,978 6,304
5 Debtors 2024 2023
£ £
Trade debtors 8,700 15,720
Prepayments 3,355 2,027
Other debtors 5,112 5,321
17,167 23,068
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1 1
Taxation and social security costs 11,531 25,285
Accruals 7,838 3,090
Other creditors 10,650 46,492
30,020 74,868
7 Share capital 2024 2023
No. £ No. £
Ordinary A shares of £1 each 100 100 100 100
Ordinary B shares of £200 each 1,000 200,000 1,000 200,000
At 30 September 2024 1,100 200,100 1,100 200,100
8 Dividends
Interim dividends paid
2024 2023
£ £
Interim dividend of £29.09 (2023 - £36.36) per each Ordinary A Shares 2,910 2,910
Interim dividend of £29.09 (2023 - £36.36) per each Ordinary B Shares 29,090 29,090
32,000 32,000
9 Other information
Dirtbusters NE Limited is a private company limited by shares and incorporated in England. Its registered office is:
58 Twickenham Road
Thorney Close
Sunderland
Tyne & Wear
SR3 4JL
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