Dragonboard Supplies Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07196588 (England and Wales)

Financial Statements for the Year Ended 30 March 2023

for

Dragonboard Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Barton

J Lavender

REGISTERED OFFICE:

116 Duke Steet

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

07196588 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

7,102

10,155

CURRENT ASSETS

Stocks

117,158

113,535

Debtors

5

136,403

88,475

Cash at bank

7,776

2,825

261,337

204,835

CREDITORS

Amounts falling due within one year

6

236,498

241,064

NET CURRENT ASSETS/(LIABILITIES)

24,839

(36,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,941

(26,074

)

CREDITORS

Amounts falling due after more than one year

7

(27,500

)

(34,857

)

PROVISIONS FOR LIABILITIES

(355

)

(935

)

NET ASSETS/(LIABILITIES)

4,086

(61,866

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,986

(61,966

)

SHAREHOLDERS' FUNDS

4,086

(61,866

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:

J Lavender - Director

1.	STATUTORY INFORMATION

Dragonboard Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on supply of wholesale building products, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised as the goods are supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 5 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2022

and 30 March 2023

20,894

DEPRECIATION

At 31 March 2022

10,739

Charge for year

3,053

At 30 March 2023

13,792

NET BOOK VALUE

At 30 March 2023

7,102

At 30 March 2022

10,155

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.23

30.3.22

£

£

Trade debtors

134,217

86,116

Amounts owed by associates

1,760

1,160

Other debtors

426

1,199

136,403

88,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.23

30.3.22

£

£

Bank loans and overdrafts

10,000

9,639

Trade creditors

26,892

12,090

Amounts owed to associates

105,772

100,000

Taxation and social security

2,211

12,586

Other creditors

91,623

106,749

236,498

241,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.23

30.3.22

£

£

Bank loans

27,500

34,857

8.	RELATED PARTY DISCLOSURES