The Dartmoor Lime Company Ltd 31/01/2023 iXBRL
The Dartmoor Lime Company Ltd 31/01/2023 iXBRL
Company registration number:
05666854
THE DARTMOOR LIME COMPANY LTD
STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 10 |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 October 2023
, and are signed on behalf of the board by:
Director
Company registration number:
05666854
THE DARTMOOR LIME COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7C Cranmere Road, Exeter Road Industrial Estate, Okehampton, Devon, EX20 1UE.
Principal activity
The principal activity of the company is that of plastering.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
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
Tangible assets
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:
Plant and machinery | - |
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Motor vehicles | - |
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Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term, highly-liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Stocks
Government grants
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.
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
3
).
5.
Tangible assets
Plant and machinery | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 February 2022 |
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Additions |
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_______ | _______ | _______ | ||
At 31 January 2023 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 February 2022 |
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Charge for the year |
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_______ | _______ | _______ | ||
At 31 January 2023 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 31 January 2023 |
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_______ | _______ | _______ | ||
At 31 January 2022 |
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_______ | _______ | _______ | ||
6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 February 2022 and 31 January 2023 |
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_______ | _______ | ||
Impairment | |||
At 1 February 2022 and 31 January 2023 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 January 2023 |
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_______ | _______ | ||
At 31 January 2022 |
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_______ | _______ | ||
7.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Other debtors | - |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Trade creditors |
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Accruals and deferred income |
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Social security and other taxes | 21,108 | 24,938 | ||
Other creditors | 20,856 | (-) | ||
_______ | _______ | |||
48,774 | 26,957 | |||
_______ | _______ | |||
9.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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_______ | _______ | |||
10.
Reserves
11.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
2023 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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(
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(
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_______ | _______ | _______ | _______ | ||
2022 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
(
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(
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_______ | _______ | _______ | _______ | ||