D.S. Logistics U.K. Ltd
Registered number: 04648429
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 218,950 181,943
Cash at bank 95,368 164,701
314,318 346,644
Creditors: amounts falling due within one year 4 (74,127) (116,978)
Net current assets 240,191 229,666
Total assets less current liabilities 240,191 229,666
Creditors: amounts falling due after more than one year 5 (14,167) (24,167)
Net assets 226,024 205,499
Capital and reserves
Called up share capital 100 100
Profit and loss account 225,924 205,399
Shareholders' funds 226,024 205,499
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 members have 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.
H C Kim
Director
Approved by the board on 19 August 2025
D.S. Logistics U.K. Ltd
Notes to the Accounts
for the year ended 31 December 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 rendering of services. 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.
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 25% reducing balance
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2024 2023
£ £
Trade debtors 164,218 147,602
Other debtors 54,732 34,341
218,950 181,943
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 46,024 41,624
Corporation tax 8,568 8,333
Other taxes and social security costs 11,941 9,572
Other creditors 7,594 57,449
74,127 116,978
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,167 24,167
6 Other information
D.S. Logistics U.K. Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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