Company Registration No. 05950446 (England and Wales)
Dwelling Solutions Limited
Unaudited accounts
for the period from 1 July 2020 to 31 December 2021
Dwelling Solutions Limited
Unaudited accounts
Contents
Dwelling Solutions Limited
Company Information
for the period from 1 July 2020 to 31 December 2021
Directors
Gurpreet Bath
Jagat Bath
Company Number
05950446 (England and Wales)
Registered Office
859 High Road
Goodmayes
Essex
IG3 8TG
Dwelling Solutions Limited
Statement of financial position
as at 31 December 2021
Intangible assets
49,254
-
Cash at bank and in hand
277,384
127,431
Creditors: amounts falling due within one year
(305,787)
(337,169)
Net current assets
135,076
27,622
Total assets less current liabilities
228,846
27,622
Creditors: amounts falling due after more than one year
(183,333)
-
Called up share capital
10
10
Profit and loss account
45,503
27,612
Shareholders' funds
45,513
27,622
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2022 and were signed on its behalf by
Gurpreet Bath
Director
Company Registration No. 05950446
Dwelling Solutions Limited
Notes to the Accounts
for the period from 1 July 2020 to 31 December 2021
Dwelling Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05950446. The registered office is 859 High Road, Goodmayes, Essex, IG3 8TG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing Balance
Fixtures & fittings
25% reducing Balance
Turnover represents amounts derived from the provision of goods and services falling within the company's activities, after the deduction of trade discounts and value added tax
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future
performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Dwelling Solutions Limited
Notes to the Accounts
for the period from 1 July 2020 to 31 December 2021
4
Intangible fixed assets
Other
At 31 December 2021
65,672
Charge for the period
16,418
At 31 December 2021
16,418
At 31 December 2021
49,254
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2020
-
20,978
20,978
Additions
16,000
50,021
66,021
Disposals
(8,000)
-
(8,000)
At 31 December 2021
8,000
70,999
78,999
At 1 July 2020
-
20,978
20,978
Charge for the period
4,000
12,505
16,505
On disposals
(3,000)
-
(3,000)
At 31 December 2021
1,000
33,483
34,483
At 31 December 2021
7,000
37,516
44,516
Amounts falling due within one year
Trade debtors
151,019
227,866
Other debtors
12,460
9,494
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
-
Trade creditors
218,364
311,879
Taxes and social security
31,277
21,650
Other creditors
6,146
3,640
Dwelling Solutions Limited
Notes to the Accounts
for the period from 1 July 2020 to 31 December 2021
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the period the average number of employees was 3 (2020: 3).
