Registered number
13664049
Derschutze Limited
Unaudited Filleted Accounts
31 August 2024
Derschutze Limited
Registered number: 13664049
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 38,426 31,234
Current assets
Stocks 5,500 9,925
Debtors 4 117,342 12,705
Cash at bank and in hand 167,419 101,943
290,261 124,573
Creditors: amounts falling due within one year 5 (185,651) (85,067)
Net current assets 104,610 39,506
Total assets less current liabilities 143,036 70,740
Creditors: amounts falling due after more than one year 6 (42,567) (13,551)
Net assets 100,469 57,189
Capital and reserves
Called up share capital 100 100
Profit and loss account 100,369 57,089
Shareholders' funds 100,469 57,189
The directors are 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 directors acknowledge their 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.
Yusuf Arif Yucel
Director
Approved by the board on 22 August 2025
Derschutze Limited
Notes to the Accounts
for the year ended 31 August 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 19,331 16,556 35,887
Additions - 13,129 13,129
At 31 August 2024 19,331 29,685 49,016
Depreciation
At 1 September 2023 - 4,653 4,653
Charge for the year - 5,937 5,937
At 31 August 2024 - 10,590 10,590
Net book value
At 31 August 2024 19,331 19,095 38,426
At 31 August 2023 19,331 11,903 31,234
4 Debtors 2024 2023
£ £
Trade debtors 8,581 1,172
Amounts owed by group undertakings and undertakings in which the company has a participating interest 91,828 -
Other debtors 16,933 11,533
117,342 12,705
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 61,843 60,505
Taxation and social security costs 48,095 23,839
Other creditors 75,713 723
185,651 85,067
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 25,000 13,193
Other creditors 17,567 358
42,567 13,551
7 Other information
Derschutze Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 Peter Street
London
W1F 0AJ
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