David Orr Joinery, Ceilings & Partitions Limited 31/03/2022 iXBRL

David Orr Joinery, Ceilings & Partitions Limited 31/03/2022 iXBRL

DAVID ORR JOINERY,CEILINGS & PARTITIONS LIMITED - Company Information

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2 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC349749 2021-04-01 2022-03-31 SC349749 2022-03-31 SC349749 2021-03-31 SC349749 2020-04-01 2021-03-31 SC349749 2021-03-31 SC349749 2020-03-31 SC349749 bus:RegisteredOffice 2021-04-01 2022-03-31 SC349749 bus:Director1 2021-04-01 2022-03-31 SC349749 core:MotorVehicles 2021-03-31 SC349749 core:MotorVehicles 2022-03-31 SC349749 core:WithinOneYear 2022-03-31 SC349749 core:WithinOneYear 2021-03-31 SC349749 core:RetainedEarningsAccumulatedLosses 2020-04-01 2021-03-31 SC349749 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 SC349749 core:AfterOneYear 2022-03-31 SC349749 core:AfterOneYear 2021-03-31 SC349749 core:ShareCapital 2022-03-31 SC349749 core:ShareCapital 2021-03-31 SC349749 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC349749 core:RetainedEarningsAccumulatedLosses 2021-03-31 SC349749 core:ShareCapital 2020-03-31 SC349749 core:RetainedEarningsAccumulatedLosses 2020-03-31 SC349749 core:MotorVehicles 2021-04-01 2022-03-31 SC349749 core:MotorVehicles 2021-03-31 SC349749 bus:Director1 2021-03-31 SC349749 bus:Director1 2021-03-31 SC349749 bus:Director1 2020-04-01 2021-03-31 SC349749 bus:SmallEntities 2021-04-01 2022-03-31 SC349749 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 SC349749 bus:FullAccounts 2021-04-01 2022-03-31 SC349749 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 SC349749 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Company registration number: SC349749
David Orr Joinery, Ceilings & Partitions Limited
Unaudited financial statements
31 March 2022
David Orr Joinery, Ceilings & Partitions Limited
Contents
Directors and other information
Directors report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
David Orr Joinery, Ceilings & Partitions Limited
Directors and other information
Directors Mr David Orr
Company number SC349749
Registered office Flat 1/2
39 Minerva Way
Glasgow
G3 8GF
David Orr Joinery, Ceilings & Partitions Limited
Directors report
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022.
Directors
The directors who served the company during the year were as follows:
Mr David Orr
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 November 2022 and signed on behalf of the board by:
Mr David Orr
Director
David Orr Joinery, Ceilings & Partitions Limited
Statement of comprehensive income
Year ended 31 March 2022
2022 2021
Note £ £
Turnover 690,651 564,165
Change in stocks of finished goods and in work in progress ( 23,144) ( 33,062)
_______ _______
667,507 531,103
Other external charges ( 627,967) ( 453,123)
Staff costs ( 22,607) ( 18,061)
Depreciation and other amounts written off tangible and intangible fixed assets ( 8,195) ( 10,926)
Other operating expenses ( 20,219) ( 14,394)
_______ _______
Operating (loss)/profit ( 11,481) 34,599
Interest payable and similar expenses ( 1,598) ( 266)
_______ _______
(Loss)/profit before taxation ( 13,079) 34,333
Tax on (loss)/profit 268 ( 662)
_______ _______
(Loss)/profit for the financial year and total comprehensive income ( 12,811) 33,671
_______ _______
All the activities of the company are from continuing operations.
David Orr Joinery, Ceilings & Partitions Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 6 24,585 32,780
_______ _______
24,585 32,780
Current assets
Debtors 7 22,453 7,421
Cash at bank and in hand 5,875 37,790
_______ _______
28,328 45,211
Creditors: amounts falling due
within one year 8 ( 30,578) ( 38,858)
_______ _______
Net current (liabilities)/assets ( 2,250) 6,353
_______ _______
Total assets less current liabilities 22,335 39,133
Creditors: amounts falling due
after more than one year 9 7,699 21,346
_______ _______
Net assets 30,034 60,479
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,934 60,379
_______ _______
Shareholders funds 30,034 60,479
_______ _______
For the year ending 31 March 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.
These financial statements have been prepared 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'.
These financial statements were approved by the board of directors and authorised for issue on 28 November 2022 , and are signed on behalf of the board by:
Mr David Orr
Director
Company registration number: SC349749
David Orr Joinery, Ceilings & Partitions Limited
Statement of changes in equity
Year ended 31 March 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2020 100 26,708 26,808
(Loss)/profit for the year 33,671 33,671
_______ _______ _______
Total comprehensive income for the year - 33,671 33,671
_______ _______ _______
At 31 March 2021 and 1 April 2021 100 60,379 60,479
(Loss)/profit for the year ( 12,811) ( 12,811)
_______ _______ _______
Total comprehensive income for the year - ( 12,811) ( 12,811)
Dividends paid and payable ( 17,634) ( 17,634)
_______ _______ _______
Total investments by and distributions to owners - ( 17,634) ( 17,634)
_______ _______ _______
At 31 March 2022 100 29,934 30,034
_______ _______ _______
David Orr Joinery, Ceilings & Partitions Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is David Orr Joinery, Ceilings & Partitions Ltd, Flat 1/2, 39 Minerva Way, Glasgow, G3 8GF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
The aggregate payroll costs incurred during the year were:
2022 2021
£ £
Wages and salaries 22,607 18,061
_______ _______
5. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
2022 2021
£ £
Depreciation of tangible assets 8,195 10,926
_______ _______
6. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 April 2021 and 31 March 2022 43,706 43,706
_______ _______
Depreciation
At 1 April 2021 10,926 10,926
Charge for the year 8,195 8,195
_______ _______
At 31 March 2022 19,121 19,121
_______ _______
Carrying amount
At 31 March 2022 24,585 24,585
_______ _______
At 31 March 2021 32,780 32,780
_______ _______
7. Debtors
2022 2021
£ £
Trade debtors 22,185 12,576
Other debtors 268 ( 5,155)
_______ _______
22,453 7,421
_______ _______
8. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 25,794 33,412
Trade creditors ( 216) ( 216)
Corporation tax - 662
Other creditors 5,000 5,000
_______ _______
30,578 38,858
_______ _______
9. Creditors: amounts falling due after more than one year
2022 2021
£ £
Social security and other taxes ( 7,699) ( 21,346)
_______ _______
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 Amounts repaid Balance o/standing
£ £ £ £
Mr David Orr ( 5,155) - 5,155 -
_______ _______ _______ _______
2021
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr David Orr - ( 5,155) - ( 5,155)
_______ _______ _______ _______