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Dorset Sheds Ltd

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024




















Company Registration Number - 07315488

















AVENET ACCOUNTANCY

IFA Accountants



1.
Dorset Sheds Ltd
COMPANY NUMBER - 07315488

Balance sheet as at 31 December 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
1
1





Tangible assets 5
78,271
93,594





78,272
93,595

Current assets




Stocks
40,000
40,000

Debtors 6 16,080
105,914

Cash at bank and in hand
58,214
80,575




114,294
226,489
Current liabilities




Creditors - Amounts
falling due within one year 7 68,883
87,066


NET CURRENT ASSETS

45,411
139,423


Total assets less current liabilities

123,683
233,018






Creditors - Amounts falling

due after more than one year 7
(29,268)
(29,731)


Net assets

94,415
203,287














2.
Dorset Sheds Ltd
COMPANY NUMBER - 07315488

Balance sheet as at 31 December 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 8
50
50

Profit - Not distributable

(90,522)
-

Capital redemption reserve

(60,550)
(60,550)

Profit and Loss account

245,437
263,787


Shareholders' funds

94,415
203,287



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 15 September 2025
and signed on their behalf by:




M Holland



Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
Dorset Sheds Ltd

Notes to the Financial Statements

For the year ended 31 December 2024


1. General Information

DORSET SHEDS LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 07315488.


The company's registered office is 4 Namu Road, Bournemouth , Dorset, BH9 2QU.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Plant and machinery - 18% reducing balance

Fixtures and fittings - 18% reducing balance

Motor vehicles - 18% reducing balance

Office and computer equipment - 18% reducing balance


No depreciation is provided on freehold land.


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 5
and in the previous year 2023 was 5.


4.
Dorset Sheds Ltd

Notes to the Financial Statements

For the year ended 31 December 2024


4. Fixed assets - intangible

Goodwill


Fair value £
At 1 January 2024 19,274
and 31 December 2024

Amortisation
At 1 January 2024 19,273

At 31 December 2024 19,273

Net book values
At 31 December 2024 1

At 1 January 2024 1


5. Fixed assets - tangible


Plant and

Land and Machinery

Buildings etc. Total




Fair value £ £ £




At 1 January 2024 8,458 186,556 195,014
and 31 December 2024




Depreciation


At 1 January 2024 - 101,420 101,420
Charge for year - 15,323 15,323



At 31 December 2024 - 116,743 116,743



Net book values
At 31 December 2024 8,458 69,813 78,271
At 1 January 2024 8,458 85,136
93,594









2024
2023


£
£
6. Debtors

Due within one year:



Trade debtors 80
430
Other debtors 16,000
105,484



16,080
105,914





5.
Dorset Sheds Ltd

Notes to the Financial Statements

For the year ended 31 December 2024




2024
2023


£
£
7. Creditors

Amounts falling due within one year:



Trade creditors 41,766
54,909
Pensions Payable 649
719
Taxation and social security 26,458
31,438
Director's Current Accounts 10
-


68,883 87,066


Amounts falling due after one year:



Hire purchase liabilities 29,268
29,731




8. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 50
50