Company No:
Contents
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 26,783 | 34,073 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 4 |
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| Cash at bank and in hand | 5 |
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| 64,187 | 49,030 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets/(liabilities) | 1,700 | (119) | ||
| Total assets less current liabilities | 28,483 | 33,954 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of D J Doors Ltd (registered number:
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Mr N A House
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
D J Doors Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lynfield, Monkton Deverill, Warminster, BA12 7ET, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.
| Plant and machinery |
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| Vehicles |
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| Fixtures and fittings |
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| Tools and equipment |
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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.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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The company is run and administered by the directors of the company for whom no formal contracts of service are in place.
| Plant and machinery | Vehicles | Fixtures and fittings | Tools and equipment | Total | |||||
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| Cost | |||||||||
| At 01 January 2024 |
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| Additions |
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| At 31 December 2024 |
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| Accumulated depreciation | |||||||||
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| Charge for the financial year |
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| Disposals | (
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| At 31 December 2024 |
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| Net book value | |||||||||
| At 31 December 2024 | 6,439 | 17,733 | 1,981 | 630 | 26,783 | ||||
| At 31 December 2023 | 7,751 | 23,644 | 1,901 | 777 | 34,073 |
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors |
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| £ | £ | ||
| Cash at bank and in hand |
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| Bank loans |
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| Trade creditors |
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| Taxation and social security |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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| £ | £ | ||
| Bank loans |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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Transactions with the entity's director
At 01 January 2024 the balance owed to the director was £nil. During the year, the company made advances to directors amounting to £4,125 and received repayments of £4,125 leaving a balance due from the directors of £nil.
At 01 January 2023 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £1,596 and received repayments of £1,596 leaving a balance due from the directors of £nil.
The Directors loan accounts) are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.