DBD Sales & Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08191897 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

DBD Sales & Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A T John

SECRETARY:

REGISTERED OFFICE:

Stanley House

High Street

Gloucester

Gloucestershire

GL4 8DN

REGISTERED NUMBER:

08191897 (England and Wales)

ACCOUNTANTS:

Monest Accounts Limited

Pure Offices, Kestrel Court

Waterwells Drive, Quedgeley

Gloucester

Gloucestershire

GL2 2AT

FIXED ASSETS

Tangible assets

4

8,435

11,015

CURRENT ASSETS

Stocks

41,995

54,900

Debtors

5

-

283

Cash at bank

8,702

5,329

50,697

60,512

CREDITORS

Amounts falling due within one year

6

5,153

1,940

NET CURRENT ASSETS

45,544

58,572

TOTAL ASSETS LESS CURRENT LIABILITIES

53,979

69,587

CREDITORS

Amounts falling due after more than one year

7

69,222

52,227

NET (LIABILITIES)/ASSETS

(15,243

)

17,360

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,343

)

17,260

SHAREHOLDERS' FUNDS

(15,243

)

17,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:

A T John - Director

1.	STATUTORY INFORMATION

DBD Sales & Services Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

and 31 August 2023

25,379

DEPRECIATION

At 1 September 2022

14,364

Charge for year

2,580

At 31 August 2023

16,944

NET BOOK VALUE

At 31 August 2023

8,435

At 31 August 2022

11,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

VAT

-

283

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

VAT

3,213

-

Accrued expenses

1,940

1,940

5,153

1,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.23

31.8.22

£

£

Directors' loan accounts

69,222

52,227