D.B. CLEANERS & LAUNDERERS LIMITED

D.B. CLEANERS & LAUNDERERS LIMITED

D.B. CLEANERS & LAUNDERERS LIMITED - Company Information

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D.B. CLEANERS & LAUNDERERS LIMITED

Company Registration Number:
02445691 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

D.B. CLEANERS & LAUNDERERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

D.B. CLEANERS & LAUNDERERS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
6 months to 31 March 2019


£
£
Fixed assets
Intangible assets: 3 137,069 139,444
Tangible assets: 4 424,632 260,316
Total fixed assets: 561,701 399,760
Current assets
Stocks: 123,634 152,829
Debtors:   121,117 98,533
Cash at bank and in hand: 887
Total current assets: 245,638 251,362
Creditors: amounts falling due within one year:   (403,965) (276,635)
Net current assets (liabilities): (158,327) (25,273)
Total assets less current liabilities: 403,374 374,487
Provision for liabilities: (8,603) (22,652)
Total net assets (liabilities): 394,771 351,835
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 79,970 79,970
Profit and loss account: 313,801 270,865
Shareholders funds: 394,771 351,835

The notes form part of these financial statements

D.B. CLEANERS & LAUNDERERS LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 July 2020
and signed on behalf of the board by:

Name: Ishtiaq Ahmad
Status: Director

The notes form part of these financial statements

D.B. CLEANERS & LAUNDERERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value,excluding value added tax,of sales made during the year

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows+-Leasehold Property Straight Line over the leasePlant And Machinery 7% & 10% Straight LineFixtures ans Fittings 7% & 15% Straight LineMotor Vehicles 15% Straight Line

Intangible fixed assets and amortisation policy

Goodwill is written off in equal annual instalments over its estimated useful life of 20 years

Valuation and information policy

Stock is valued at the lower of cost and net realisable value

Other accounting policies

Rentals payable under operating leases are charged against income on a straight line basis over the lease term

D.B. CLEANERS & LAUNDERERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 6 months to 31 March 2019
Average number of employees during the period 40 40

D.B. CLEANERS & LAUNDERERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Intangible Assets

Total
Cost £
At 01 April 2019 185,902
At 31 March 2020 185,902
Amortisation
At 01 April 2019 46,458
Charge for year 2,375
At 31 March 2020 48,833
Net book value
At 31 March 2020 137,069
At 31 March 2019 139,444

D.B. CLEANERS & LAUNDERERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible Assets

Total
Cost £
At 01 April 2019 834,427
Additions 174,720
At 31 March 2020 1,009,147
Depreciation
At 01 April 2019 574,111
Charge for year 10,404
At 31 March 2020 584,515
Net book value
At 31 March 2020 424,632
At 31 March 2019 260,316