Registered number: 12430657 | ||||||||
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FOR THE YEAR ENDED 31 JANUARY 2022 | ||||||||
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Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
The Station Masters' House | ||||||||
168 Thornbury Road | ||||||||
Isleworth | ||||||||
TW7 4QE |
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Direct To Customers Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JANUARY 2022 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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England | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12430657 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
The Station Masters' House | ||||||||
168 Thornbury Road | ||||||||
Isleworth | ||||||||
TW7 4QE |
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Direct To Customers Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JANUARY 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Direct To Customers Ltd | ||||||||
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BALANCE SHEET AT
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2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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Cash at bank and in hand |
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240,528 | 180,692 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES) / ASSETS |
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7,724 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 7 | 384,443 | 160,070 | |||||||
NET LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | (498,334) | (56,913) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Direct To Customers Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JANUARY 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts 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 . |
1b. Going Concern | ||||||||
The company had net liabilities of £498,234 at the balance sheet date. However, included in other creditors was £540,331 owed to the other creditors. With the continued support of the other creditors , the director believes the company to be a going concern. |
1c. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Statutory Information | ||||||||
Direct To Customers Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 12430657 and registered office address is 168 Thornbury Road, Isleworth, England, TW7 4QE. |
1f. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. |
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Direct To Customers Ltd | ||||||||
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2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees |
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1 | ||||
3. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 February 2021 | 93,749 | 6,480 | 100,229 | |||
Additions | 73,253 | 12,238 | 85,491 | |||
At 31 January 2022 | 167,002 | 18,718 | 185,720 | |||
Depreciation | ||||||
At 1 February 2021 | 4,555 | 141 | 4,696 | |||
For the year | 36,504 | 3,850 | 40,354 | |||
At 31 January 2022 | 41,059 | 3,991 | 45,050 | |||
Net Book Amounts | ||||||
At 31 January 2022 |
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140,670 | |||
At 31 January 2021 |
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95,533 | |||
4. STOCK | 2022 | 2021 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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5. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 573 | - | ||||||
Other debtors | 57,059 | 57,428 | ||||||
Prepayments | 53,159 | 27,422 | ||||||
Directors current account | - | 41,373 | ||||||
110,791 | 126,223 | |||||||
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Direct To Customers Ltd | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Taxation and Social Security | 136,996 | - | ||||||
Salaries and wages control | 29,793 | - | ||||||
Directors current account | 59,855 | - | ||||||
Bank loans and overdrafts | 3,580 | - | ||||||
Bank Loan | - | 50,000 | ||||||
Hire purchase | 6,033 | 13,128 | ||||||
Trade creditors | 239,222 | 90,840 | ||||||
Other creditors | 18,310 | 18,000 | ||||||
Accruals | 1,200 | 1,000 | ||||||
494,989 | 172,968 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 49,061 | - | ||||||
Hire purchase | 35,382 | 38,070 | ||||||
Other creditors | 300,000 | 122,000 | ||||||
384,443 | 160,070 | |||||||
8. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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75 | 75 | ||||||
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5 | 5 | ||||||
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20 | 20 | ||||||
100 | 100 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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