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REGISTERED NUMBER: 05708753 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2025

for

DFB Limited

DFB Limited (Registered number: 05708753)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DFB Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: D F Bradley





SECRETARY: K Bradley





REGISTERED OFFICE: 26 Taylor Road
Wallington
Surrey
SM6 0AX





REGISTERED NUMBER: 05708753 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

DFB Limited (Registered number: 05708753)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 60,642 16,793
62,642 19,793

CURRENT ASSETS
Debtors 6 78 72
Cash at bank 4,691 10,836
4,769 10,908
CREDITORS
Amounts falling due within one year 7 (20,086 ) (15,445 )
NET CURRENT LIABILITIES (15,317 ) (4,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,325

15,256

CREDITORS
Amounts falling due after more than one year 8 (53,736 ) (22,629 )

PROVISIONS FOR LIABILITIES 9 (493 ) (3,191 )
NET LIABILITIES (6,904 ) (10,564 )

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 10 (6,954 ) (10,614 )
(6,904 ) (10,564 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DFB Limited (Registered number: 05708753)

Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





D F Bradley - Director


DFB Limited (Registered number: 05708753)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

DFB Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company was that of the provision of a Public Carriage Service.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
Turnover represents amounts receivable for goods and services net of trade discounts.

INTANGIBLE FIXED ASSETS - GOODWILL
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment33% Straight line
Motor vehicles25% Reducing balance
Fixtures & fittings25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.


DFB Limited (Registered number: 05708753)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the balance sheet date, liabilities exceed assets by £6,904 (2024 - £10,564). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its directors and shareholders.The director are therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 10,000
AMORTISATION
At 1 March 2024 7,000
Amortisation for year 1,000
At 28 February 2025 8,000
NET BOOK VALUE
At 28 February 2025 2,000
At 29 February 2024 3,000

DFB Limited (Registered number: 05708753)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 371 59,809 1,191 61,371
Additions - 70,790 - 70,790
Disposals - (59,809 ) - (59,809 )
At 28 February 2025 371 70,790 1,191 72,352
DEPRECIATION
At 1 March 2024 136 43,251 1,191 44,578
Charge for year 59 12,048 - 12,107
Eliminated on disposal - (44,975 ) - (44,975 )
At 28 February 2025 195 10,324 1,191 11,710
NET BOOK VALUE
At 28 February 2025 176 60,466 - 60,642
At 29 February 2024 235 16,558 - 16,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 78 72

The director considers the carrying value of trade and other receivables approximate to their fair value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 2,200 2,200
Hire purchase contracts 6,740 10,117
Taxation and social security 3,806 792
Other creditors 7,340 2,336
20,086 15,445

The director considers the carrying amounts of current liabilities approximate to their fair values.

DFB Limited (Registered number: 05708753)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 555 2,750
Hire purchase contracts 53,181 19,879
53,736 22,629

The director considers the carrying amounts of long term liabilities approximate to their fair values.

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 493 3,191

Deferred
tax
£   
Balance at 1 March 2024 3,191
Provided during year (2,698 )
Balance at 28 February 2025 493

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
D F Bradley
Balance outstanding at start of year (1,204 ) (1,106 )
Amounts advanced 38,090 36,546
Amounts repaid (42,993 ) (36,644 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,107 ) (1,204 )

12. RELATED PARTY DISCLOSURES

At the balance sheet date other creditors include amount of £6,107 (2024 - £1,204) due to the director, Derek Frederick Bradley. This loan is interest free and repayable on demand.