Company registration number 08715813 (England and Wales)
DSD (AGRI) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DSD (AGRI) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DSD (AGRI) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
15,016
18,576
Current assets
Stocks
33,598
4,944
Debtors
5
4,249
5,129
Investments
6
5,291
5,291
Cash at bank and in hand
1,506
25,159
44,644
40,523
Creditors: amounts falling due within one year
7
(25,623)
(20,213)
Net current assets
19,021
20,310
Total assets less current liabilities
34,037
38,886
Creditors: amounts falling due after more than one year
8
(9,907)
(12,044)
Provisions for liabilities
(2,853)
(4,028)
Net assets
21,277
22,814
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
21,276
22,813
Total equity
21,277
22,814
DSD (AGRI) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 July 2025
Mr D S Davies
Director
Company registration number 08715813 (England and Wales)
DSD (AGRI) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

DSD (Agri) Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Andrews House, Yale Business Village, Ellice Way, Wrexham, Wrexham CB, LL13 7YL.

1.1
Accounting convention

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.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable , excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets - goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

1.4
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:

Plant and equipment
20% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stocks

Work in progress is valued at the lower of cost and net realisable value.

 

Cost is calculated using the first -in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DSD (AGRI) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
10,000
Amortisation and impairment
At 1 November 2023 and 31 October 2024
10,000
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
-
0
DSD (AGRI) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
15,988
2,381
14,495
32,864
Additions
-
0
291
-
0
291
At 31 October 2024
15,988
2,672
14,495
33,155
Depreciation and impairment
At 1 November 2023
4,826
1,111
8,351
14,288
Depreciation charged in the year
2,232
390
1,229
3,851
At 31 October 2024
7,058
1,501
9,580
18,139
Carrying amount
At 31 October 2024
8,930
1,171
4,915
15,016
At 31 October 2023
11,162
1,270
6,144
18,576
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,480
4,618
Other debtors
769
511
4,249
5,129
6
Current asset investments
2024
2023
£
£
Other investments
5,291
5,291
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,500
2,585
Trade creditors
4,779
48
Taxation and social security
18,304
12,185
Other creditors
40
5,395
25,623
20,213
DSD (AGRI) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,907
12,044
9
Related party transactions

Included in other creditors is £26 (£5,381 2023 ) owed to the director. There is no interest charged on this loan account and it is repayable on demand.

There are advances and dividends during the year of £59,481 and £54,100 respectively made up of varying amounts .

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