Dunelm Leaders Ltd Filleted accounts for Companies House (small and micro)

Dunelm Leaders Ltd Filleted accounts for Companies House (small and micro)

DUNELM LEADERS LTD - Company Information

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3 false false false false false false false false false true false false false true true true No description of principal activity 2021-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 22,000 22,000 8,341 3,804 907 4,711 3,630 4,537 xbrli:pure xbrli:shares iso4217:GBP 09059817 2021-07-01 2022-06-30 09059817 2022-06-30 09059817 2021-06-30 09059817 2020-07-01 2021-06-30 09059817 2021-06-30 09059817 core:PlantMachinery 2021-07-01 2022-06-30 09059817 core:NetGoodwill 2021-07-01 2022-06-30 09059817 bus:Director2 2021-07-01 2022-06-30 09059817 core:NetGoodwill 2022-06-30 09059817 core:PlantMachinery 2021-06-30 09059817 core:PlantMachinery 2022-06-30 09059817 core:WithinOneYear 2022-06-30 09059817 core:WithinOneYear 2021-06-30 09059817 core:AfterOneYear 2022-06-30 09059817 core:AfterOneYear 2021-06-30 09059817 core:ShareCapital 2022-06-30 09059817 core:ShareCapital 2021-06-30 09059817 core:RetainedEarningsAccumulatedLosses 2022-06-30 09059817 core:RetainedEarningsAccumulatedLosses 2021-06-30 09059817 core:PlantMachinery 2021-06-30 09059817 bus:Director2 2021-06-30 09059817 bus:Director2 2022-06-30 09059817 bus:Director2 2020-06-30 09059817 bus:Director2 2021-06-30 09059817 bus:Director2 2020-07-01 2021-06-30 09059817 bus:SmallEntities 2021-07-01 2022-06-30 09059817 bus:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 09059817 bus:FullAccounts 2021-07-01 2022-06-30 09059817 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 09059817 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30
COMPANY REGISTRATION NUMBER: 09059817
Dunelm Leaders Ltd
Filleted Unaudited Financial Statements
30 June 2022
Dunelm Leaders Ltd
Statement of Financial Position
30 June 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
6
3,630
4,537
Current assets
Stocks
1,800
–
Debtors
7
14,406
18,918
Cash at bank and in hand
10,424
8,570
--------
--------
26,630
27,488
Creditors: amounts falling due within one year
8
13,286
5,525
--------
--------
Net current assets
13,344
21,963
--------
--------
Total assets less current liabilities
16,974
26,500
Creditors: amounts falling due after more than one year
9
15,933
22,000
--------
--------
Net assets
1,041
4,500
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,040
4,499
-------
-------
Shareholders funds
1,041
4,500
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dunelm Leaders Ltd
Statement of Financial Position (continued)
30 June 2022
These financial statements were approved by the board of directors and authorised for issue on 5 August 2022 , and are signed on behalf of the board by:
Mrs K M Tracey
Director
Company registration number: 09059817
Dunelm Leaders Ltd
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Sandford Street, Lichfield, Staffs, WS13 6QA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2021: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2021 and 30 June 2022
22,000
--------
Amortisation
At 1 July 2021 and 30 June 2022
22,000
--------
Carrying amount
At 30 June 2022
–
--------
At 30 June 2021
–
--------
6. Tangible assets
Computer equipment
£
Cost
At 1 July 2021 and 30 June 2022
8,341
-------
Depreciation
At 1 July 2021
3,804
Charge for the year
907
-------
At 30 June 2022
4,711
-------
Carrying amount
At 30 June 2022
3,630
-------
At 30 June 2021
4,537
-------
7. Debtors
2022
2021
£
£
Trade debtors
4,412
8,933
Other debtors
9,994
9,985
--------
--------
14,406
18,918
--------
--------
8. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
4,400
–
Trade creditors
63
269
Corporation tax
5,932
1,696
Social security and other taxes
2,891
435
Other creditors
–
3,125
--------
-------
13,286
5,525
--------
-------
9. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
15,933
22,000
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs K M Tracey
9,985
9
9,994
-------
----
-------
2021
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs K M Tracey
( 7,676)
17,661
9,985
-------
--------
-------