Decorbar Limited - Accounts to registrar (filleted) - small 22.3
Decorbar Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2022 |
| for |
| Decorbar Limited |
| Decorbar Limited (Registered number: 02874858) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Decorbar Limited |
| Company Information |
| for the Year Ended 31 March 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 238 Station Road |
| Addlestone |
| Surrey |
| KT15 2PS |
| Decorbar Limited (Registered number: 02874858) |
| Balance Sheet |
| 31 March 2022 |
| 31.3.22 | 31.3.21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Decorbar Limited (Registered number: 02874858) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2022 |
| 1. | STATUTORY INFORMATION |
| Decorbar Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue |
| Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2021 - NIL). |
| Decorbar Limited (Registered number: 02874858) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Investment | and |
| properties | fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2021 |
| and 31 March 2022 |
| DEPRECIATION |
| At 1 April 2021 |
| and 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| Cost or valuation at 31 March 2022 is represented by: |
| Fixtures |
| Investment | and |
| properties | fittings | Totals |
| £ | £ | £ |
| Valuation in 1995 | 124,932 | - | 124,932 |
| Valuation in 2001 | 150,000 | - | 150,000 |
| Valuation in 2004 | 377,000 | - | 377,000 |
| Valuation in 2011 | 34,485 | - | 34,485 |
| Valuation in 2016 | 1,085,391 | - | 1,085,391 |
| Cost | 228,192 | 30,650 | 258,842 |
| 2,000,000 | 30,650 | 2,030,650 |
| If Investment property had not been revalued it would have been included at the following historical cost: |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Cost | 228,192 | 228,192 |
| Investment property was valued on an open market basis on 31 March 2020 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Other debtors |
| Directors' current accounts | 6,471 | - |
| Prepayments & accrued income |
| Decorbar Limited (Registered number: 02874858) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Tax |
| Accruals & prepaid income |
| 7. | NON-DISTRIBUTABLE RETAINED EARNINGS |
| At the year end, total retained earnings of £1,766,129 included non-distributable profits of £1,446,243. |