Registered number
10542543
Dok Tanks Ltd
Filleted Accounts
31 December 2024
Dok Tanks Ltd
Registered number: 10542543
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,738 10,704
Current assets
Debtors 4 59,679 73,170
Cash at bank and in hand 46,515 10,512
106,194 83,682
Creditors: amounts falling due within one year 5 (72,382) (58,676)
Net current assets 33,812 25,006
Total assets less current liabilities 37,550 35,710
Creditors: amounts falling due after more than one year 6 (37,106) (32,452)
Provisions for liabilities (710) -
Net (liabilities)/assets (266) 3,258
Capital and reserves
Called up share capital 100 100
Profit and loss account (366) 3,158
Shareholders' funds (266) 3,258
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.
Dennis Ongei
Director
Approved by the board on 25 September 2025
Dok Tanks 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 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.
Going concern
The financial statements have been prepared on a going concern basis. Despite negative reserves at year-end, the directors have reviewed the company’s financial position and cash flow forecasts and do not foresee any issues with the company’s ability to meet its liabilities and continue operating for the foreseeable future. No material uncertainties have been identified regarding its ability to continue as a going concern.
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 over 4 years
Vehicles over 4 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Including director Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 4,565 13,795 18,360
At 31 December 2024 4,565 13,795 18,360
Depreciation
At 1 January 2024 3,517 4,139 7,656
Charge for the year 759 6,207 6,966
At 31 December 2024 4,276 10,346 14,622
Net book value
At 31 December 2024 289 3,449 3,738
At 31 December 2023 1,048 9,656 10,704
4 Debtors 2024 2023
£ £
Trade debtors 37,516 65,224
Other debtors 22,163 7,946
59,679 73,170
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,301 5,556
Taxation and social security costs 70,824 53,053
Other creditors 257 67
72,382 58,676
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 37,106 32,452
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dennis Ongei
7,946 38,746 (27,630) 19,062
7,946 38,746 (27,630) 19,062
8 Controlling party
The director has controlling stake in the company.
9 Other information
Dok Tanks Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Airport House
Purley Way
Croydon
England
CR0 0XZ
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