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COMPANY REGISTRATION NUMBER: 14000807
DH Commodities Ltd
Filleted Unaudited Financial Statements
31 March 2025
DH Commodities Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
4,497
13,722
Current assets
Stocks
64,128
76,291
Debtors
6
349,038
325,781
Cash at bank and in hand
17,286
28,639
---------
---------
430,452
430,711
Creditors: amounts falling due within one year
7
401,232
418,970
---------
---------
Net current assets
29,220
11,741
--------
--------
Total assets less current liabilities
33,717
25,463
--------
--------
Net assets
33,717
25,463
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
33,617
25,363
--------
--------
Shareholders funds
33,717
25,463
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DH Commodities Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 6 August 2025 , and are signed on behalf of the board by:
Mr D Porter
Director
Company registration number: 14000807
DH Commodities Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 The Quays, Burton Waters, Lincoln, LN1 2XG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2024
3,494
10,000
2,812
16,306
Disposals
( 10,000)
( 10,000)
-------
--------
-------
--------
At 31 March 2025
3,494
2,812
6,306
-------
--------
-------
--------
Depreciation
At 1 April 2024
327
1,900
357
2,584
Charge for the year
634
491
1,125
Disposals
( 1,900)
( 1,900)
-------
--------
-------
--------
At 31 March 2025
961
848
1,809
-------
--------
-------
--------
Carrying amount
At 31 March 2025
2,533
1,964
4,497
-------
--------
-------
--------
At 31 March 2024
3,167
8,100
2,455
13,722
-------
--------
-------
--------
6. Debtors
2025
2024
£
£
Trade debtors
104,058
171,012
Other debtors
244,980
154,769
---------
---------
349,038
325,781
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
288,294
382,046
Corporation tax
61,523
29,045
Social security and other taxes
7,540
7,161
Other creditors
43,875
718
---------
---------
401,232
418,970
---------
---------
8. Directors' advances, credits and guarantees
At 31 March 2025, directors owed £92,211 (2024: £218 - creditor) to the company.
9. The ultimate controlling party
The company is controlled by the directors of the company.