Company registration number 04137108 (England and Wales)
DOWN2ERF LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
DOWN2ERF LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DOWN2ERF LIMITED (REGISTERED NUMBER: 04137108)
BALANCE SHEET
AS AT
29 JUNE 2024
29 June 2024
- 1 -
29 June 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,360
3,227
Current assets
Debtors
4
2,423
207
Cash at bank and in hand
178
137
2,601
344
Creditors: amounts falling due within one year
5
(346,127)
(227,915)
Net current liabilities
(343,526)
(227,571)
Total assets less current liabilities
(339,166)
(224,344)
Creditors: amounts falling due after more than one year
6
(24,409)
(31,603)
Net liabilities
(363,575)
(255,947)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(363,675)
(256,047)
Total equity
(363,575)
(255,947)

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

For the financial period ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

DOWN2ERF LIMITED (REGISTERED NUMBER: 04137108)
BALANCE SHEET (CONTINUED)
AS AT
29 JUNE 2024
29 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
J E Burke
Director
DOWN2ERF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 JUNE 2024
- 3 -
1
Accounting policies
Company information

Down2erf Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Clock House, Little Dale Farm, Colliers Green, Cranbrook, Kent, TN17 2LS.

1.1
Reporting period

The company accounts are presented for a period shorter than a year, covering the period from the 1st of July 2023 to the 29th of June 2024.

1.2
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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The balance sheet shows net liabilities, the director is the main creditor of the company and has confirmed that he will continue to support the company for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.true

1.4
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- The amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably;

- It is probable that the company will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably and;

- The costs incurred and the costs to complete the contract can be measured reliably

DOWN2ERF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.5
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:

Fixtures, fittings & equipment
- 25% on reducing balance

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.

2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 July 2023
14,226
Additions
5,345
Disposals
(14,226)
At 29 June 2024
5,345
Depreciation and impairment
At 1 July 2023
10,999
Depreciation charged in the period
985
Eliminated in respect of disposals
(10,999)
At 29 June 2024
985
Carrying amount
At 29 June 2024
4,360
At 30 June 2023
3,227
DOWN2ERF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 JUNE 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,272
-
0
Other debtors
1,151
207
2,423
207
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,913
632
Trade creditors
1,682
2,058
Other creditors
340,532
225,225
346,127
227,915
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
24,409
31,603
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Financial commitments, guarantees and contingent liabilities

During the 2020 accounting period, the company borrowed £34,000 from its bankers for a bounce-back loan. As part of its loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.

At the balance sheet date, the outstanding amount of the loan was £28,322 (2023: £32,235). The interest attracted by the loan is 2.5% per annum.

The outstanding balance is included within creditors due within one year and over one year on the balance sheet.

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