For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

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

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

D.S.I. Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71 Hatherton Road, Cannock, Staffordshire, WS11 1HQ.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

Although the company's balance sheet shows an excess of liabilities over assets, the major creditor is the director of the company, who will not press for payment of amounts due to him until the company is in a financial position to make payment. The director is therefore of the opinion that the going concern basis remains appropriate for the preparation of the company's financial statements.true

Long term projects are assessed on a project by project basis, and are reflected in the profit and loss account by recording turnover and related costs as project activity progresses.

Turnover is calculated as being that proportion of the project price attributable to the stage of completion reached. Where it is considered that the outcome of a long term project can be assessed with reasonable certainty before its conclusion then a prudently calculated profit is recognised. This profit is calculated as that proportion of total profit attributable to the stage reached less a provision, if appropriate, for uncertainty of outcome.

Related costs recognised in the profit and loss account represent the difference between reported turnover and reported profit. Foreseeable losses are recognised in the period in which they become apparent.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as cash, trade and other accounts receivable and payable and loans from banks and other third parties, including related parties.

Basic financial instruments such as those above are recognised in the financial statements at amortised cost.

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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