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 2021

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

53,470

11,362

CURRENT ASSETS

Debtors

5

495,360

433,281

Cash at bank

259,270

135,258

754,630

568,539

CREDITORS

Amounts falling due within one year

6

42,866

25,082

NET CURRENT ASSETS

711,764

543,457

TOTAL ASSETS LESS CURRENT LIABILITIES

765,234

554,819

CREDITORS

Amounts falling due after more than one year

7

(53,581

)

(47,500

)

PROVISIONS FOR LIABILITIES

(10,159

)

(2,159

)

NET ASSETS

701,494

505,160

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

701,492

505,158

SHAREHOLDERS' FUNDS

701,494

505,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 15 August 2022 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% Straight line

Motor vehicles

-

25% Straight line

Computer equipment

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

32,810

Additions

49,474

At 31 August 2021

82,284

DEPRECIATION

At 1 September 2020

21,448

Charge for year

7,366

At 31 August 2021

28,814

NET BOOK VALUE

At 31 August 2021

53,470

At 31 August 2020

11,362

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

49,474

At 31 August 2021

49,474

DEPRECIATION

Charge for year

3,321

At 31 August 2021

3,321

NET BOOK VALUE

At 31 August 2021

46,153

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

45,914

107,172

Other debtors

374,318

269,450

420,232

376,622

Amounts falling due after more than one year:

Other debtors

75,128

56,659

Aggregate amounts

495,360

433,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

2,500

Hire purchase contracts

8,027

-

Trade creditors

476

9

Taxation and social security

20,623

11,942

Other creditors

3,740

10,631

42,866

25,082

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

38,333

47,500

Hire purchase contracts

15,248

-

53,581

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 2021 and 31 August 2020:

2021

2020

£

£

D Birchall

Balance outstanding at start of year

113,673

67,169

Amounts advanced

215,867

187,345

Amounts repaid

(183,550

)

(140,841

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,990

113,673

Mrs V Birchall

Balance outstanding at start of year

117,488

69,958

Amounts advanced

212,051

188,371

Amounts repaid

(183,550

)

(140,841

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

145,989

117,488

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D Birchall.