Registration number: 07844181

DJ in Cornwall Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

DJ in Cornwall Ltd

Company Information

Directors

Jamie Reed Tania Reed Yvonne Stait Lee Parker Timothy Barnes

Registered office

Retanna House Retanna Penryn Cornwall TR10 9EH

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

DJ in Cornwall Ltd

(Registration number: 07844181)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	12,790	20,550
Current assets
Debtors	6	50,226	54,046
Cash at bank and in hand		173	2,232
		50,399	56,278
Creditors: Amounts falling due within one year	7	(147,962)	(70,067)
Net current liabilities		(97,563)	(13,789)
Total assets less current liabilities		(84,773)	6,761
Creditors: Amounts falling due after more than one year	7	(117,182)	(162,466)
Provisions for liabilities		(2,430)	(3,904)
Net liabilities		(204,385)	(159,609)
Capital and reserves
Called up share capital		60,010	60,010
Retained earnings		(264,395)	(219,619)
Shareholders' deficit		(204,385)	(159,609)

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

DJ in Cornwall Ltd

(Registration number: 07844181)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 21 September 2025 and signed on its behalf by:
 

......................................... Jamie Reed Director

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Retanna House
Retanna
Penryn
Cornwall
TR10 9EH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis and the directors have agreed to continue to support the business for a minimum of 12 months from the date the accounts are approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised under the accrual method.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	4 years straight line
Plant and equipment	3 - 5 years straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademark	5 years straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 11).

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 January 2024	885	885
At 31 December 2024	885	885
Amortisation
At 1 January 2024	885	885
At 31 December 2024	885	885
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	7,364	15,450	81,930	104,744
Additions	672	-	-	672
At 31 December 2024	8,036	15,450	81,930	105,416
Depreciation
At 1 January 2024	4,854	3,863	75,478	84,195
Charge for the year	1,890	3,863	2,678	8,431
At 31 December 2024	6,744	7,726	78,156	92,626
Carrying amount
At 31 December 2024	1,292	7,724	3,774	12,790
At 31 December 2023	2,510	11,587	6,453	20,550

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		44,500	39,780
Amounts owed by related parties		2,350	1,527
Prepayments		1,768	641
Other debtors		1,608	12,098
		50,226	54,046

DJ in Cornwall Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	71,171	26,236
Trade creditors		9,376	5,749
Taxation and social security		28,675	13,399
Other creditors		38,740	24,683
		147,962	70,067

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	117,182	162,466

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	20,032	24,568
Hire purchase contracts	6,996	9,704
Other borrowings	90,154	128,194
	117,182	162,466

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,536	4,536
Hire purchase contracts	2,708	2,708
Other borrowings	63,927	18,992
	71,171	26,236