DGPS4U Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC281688 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

DGPS4U Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Sugden

REGISTERED OFFICE:

Emmerdale

Peelbog

Lumphanan

Banchory

AB31 4QE

REGISTERED NUMBER:

SC281688 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

75

214

CURRENT ASSETS

Stocks

31,441

32,334

Debtors

5

22,961

10,793

Cash at bank

17,797

26,405

72,199

69,532

CREDITORS

Amounts falling due within one year

6

11,107

14,975

NET CURRENT ASSETS

61,092

54,557

TOTAL ASSETS LESS CURRENT LIABILITIES

61,167

54,771

PROVISIONS FOR LIABILITIES

14

78

NET ASSETS

61,153

54,693

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

61,143

54,683

SHAREHOLDERS' FUNDS

61,153

54,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 September 2022 and were signed by:

Mr J Sugden - Director

1.	STATUTORY INFORMATION

DGPS4U Limited is a private company, limited by shares , registered in Scotland. 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.

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

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

13,760

2,588

16,348

DEPRECIATION

At 1 April 2021

13,697

2,437

16,134

Charge for year

63

76

139

At 31 March 2022

13,760

2,513

16,273

NET BOOK VALUE

At 31 March 2022

-

75

75

At 31 March 2021

63

151

214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

22,870

10,703

Other debtors

91

90

22,961

10,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

1,481

4,370

Taxation and social security

2,618

2,943

Other creditors

7,008

7,662

11,107

14,975

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to (from) a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Mr J Sugden

Balance outstanding at start of year

(5,139

)

(5,775

)

Amounts advanced

1,023

1,416

Amounts repaid

(360

)

(780

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,476

)

(5,139

)

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of the director and his wife throughout the year.