| Domestic Trades Services Ltd |
| Registered Number:13077235 |
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2025
Domestic Trades Services Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Domestic Trades Services Ltd
Statement of Financial Position
31/1/2024
31/1/2025
| Property, plant and equipment |
89,985
78,835
2
3
460,290
-
550,275
78,835
| Trade and other receivables |
460,970
711,892
4
443,341
| Cash and cash equivalents |
5,500
717,392
904,311
| Trade and other payables: amounts falling due within one year |
(328,892)
(225,474)
5
575,419
491,918
Net current assets
| Total assets less current liabilities |
1,042,193
654,254
| Trade and other payables: amounts falling due after more than one |
| year |
(9,166)
(144,169)
6
(22,496)
(19,709)
| Provisions for liabilities |
875,528
Net assets
625,379
100
100
875,428
625,279
875,528
625,379
Shareholders' funds
| For the year ended 31 January 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 ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each |
| financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and |
| which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable |
| to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 January 2025
Domestic Trades Services Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 13 March 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 January 2025
Domestic Trades Services Ltd
Notes to the Financial Statements
Statutory Information
| Domestic Trades Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 13077235. |
2 Chamberlain Court
Chapeltown
Sheffield
S35 2ZU
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 2. Property, plant and equipment |
Motor Vehicles
157,587
3,859
133,846
19,882
36,095
-
-
36,095
55,977
133,846
3,859
193,682
| Provision for depreciation and impairment |
78,752
2,203
70,861
5,688
Charge for year
24,945
1,656
15,746
7,543
103,697
3,859
86,607
13,231
42,746
47,239
-
89,985
14,194
62,985
1,656
78,835
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For the year ended 31 January 2025
Domestic Trades Services Ltd
Notes to the Financial Statements Continued
460,290
460,290
460,290
| The investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP19 as follows:(i) no depreciation is provided in respect of investment properties and they are revalued annualy. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets, however, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give and true and fair view. |
| 4. Trade and other receivables |
31/1/2024
31/1/2025
32,850
36,185
679,042
424,785
460,970
711,892
| 5. Trade and other payables: amounts falling due within one year |
31/1/2024
31/1/2025
58,775
145,273
| Taxation and social security |
157,430
165,254
9,269
18,365
225,474
328,892
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For the year ended 31 January 2025
Domestic Trades Services Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
31/1/2024
31/1/2025
| Bank loans and overdraft (secured) |
140,000
-
4,169
9,166
144,169
9,166
| 7. Average number of persons employed |
During the year the average number of employees was 11 (2024 : 11)
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