DB Show Control & Automation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08188422 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

DB Show Control & Automation Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V Birchall

D Birchall

REGISTERED OFFICE:

Unit G.20

One Trinity Green

Eldon Street

South Shields

Tyne and Wear

NE33 1SA

REGISTERED NUMBER:

08188422 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

4

11,362

6,308

CURRENT ASSETS

Debtors

5

433,281

296,426

Cash at bank

135,258

254,059

568,539

550,485

CREDITORS

Amounts falling due within one year

6

25,082

53,153

NET CURRENT ASSETS

543,457

497,332

TOTAL ASSETS LESS CURRENT LIABILITIES

554,819

503,640

CREDITORS

Amounts falling due after more than one year

7

(47,500

)

-

PROVISIONS FOR LIABILITIES

(2,159

)

(1,199

)

NET ASSETS

505,160

502,441

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

505,158

502,439

SHAREHOLDERS' FUNDS

505,160

502,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2021 and were signed on its behalf by:

D Birchall - Director

1.	STATUTORY INFORMATION

DB Show Control & Automation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% Straight line and 20% Straight line

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

23,455

Additions

9,355

At 31 August 2020

32,810

DEPRECIATION

At 1 September 2019

17,147

Charge for year

4,301

At 31 August 2020

21,448

NET BOOK VALUE

At 31 August 2020

11,362

At 31 August 2019

6,308

5.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

107,172

88,591

Other debtors

269,450

171,997

376,622

260,588

Amounts falling due after more than one year:

Other debtors

56,659

35,838

Aggregate amounts

433,281

296,426

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

2,500

-

Trade creditors

9

-

Taxation and social security

11,942

48,326

Other creditors

10,631

4,827

25,082

53,153

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

47,500

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,500

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2020 and 31 August 2019:

2020

2019

£

£

D Birchall

Balance outstanding at start of year

67,169

132,814

Amounts advanced

187,345

136,655

Amounts repaid

(140,841

)

(202,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,673

67,169

Mrs V Birchall

Balance outstanding at start of year

69,958

135,603

Amounts advanced

188,371

136,655

Amounts repaid

(140,841

)

(202,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

117,488

69,958

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D Birchall.