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REGISTERED NUMBER: 08302107 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Dundas Textiles Ltd

Dundas Textiles Ltd (Registered number: 08302107)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dundas Textiles Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs L K Z Sichel
Mr C Sichel





REGISTERED OFFICE: College Farm
College Lane
Ellisfield
Basingstoke
Hampshire
RG25 2QE





REGISTERED NUMBER: 08302107 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Dundas Textiles Ltd (Registered number: 08302107)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 33
Tangible assets 5 4,556 6,075
4,556 6,108

CURRENT ASSETS
Stocks 9,240 19,470
Debtors 6 4,857 16,317
Cash at bank 9,987 38,055
24,084 73,842
CREDITORS
Amounts falling due within one year 7 72,762 70,185
NET CURRENT (LIABILITIES)/ASSETS (48,678 ) 3,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,122

)

9,765

CREDITORS
Amounts falling due after more than one
year

8

11,458

13,583
NET LIABILITIES (55,580 ) (3,818 )

CAPITAL AND RESERVES
Called up share capital 10 106 106
Share premium 54,994 54,994
Retained earnings (110,680 ) (58,918 )
SHAREHOLDERS' FUNDS (55,580 ) (3,818 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Dundas Textiles Ltd (Registered number: 08302107)

Balance Sheet - continued
31 December 2021


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 Board of Directors and authorised for issue on 30 June 2022 and were signed on its behalf by:





Mrs L K Z Sichel - Director


Dundas Textiles Ltd (Registered number: 08302107)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Dundas Textiles 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.

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.

Going concern
The directors have assessed the future prospects for the Company and recognise that the Company will be in a position to meet its liabilities as they fall due for payment in the next twelve months from the date of approval of these financial statements and it will be able to continue to trade.

Turnover
Turnover represents the value of goods invoiced by the company, net of Value Added Tax and trade discounts.

Turnover is recognised on the basis of invoices raised.

Intangible assets - patents and licences
Patents and licences were being amortised evenly over their useful life of five years.

Intangible assets - development costs
Development costs are being amortised evenly over their useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Computer equipment - 25% reducing balance basis

Government grants
Grants relating to revenue shall be recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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 balance sheet date.


Dundas Textiles Ltd (Registered number: 08302107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 275 1,033 1,308
AMORTISATION
At 1 January 2021 275 1,000 1,275
Amortisation for year - 33 33
At 31 December 2021 275 1,033 1,308
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 - 33 33

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 1,465 15,244 16,709
DEPRECIATION
At 1 January 2021 1,262 9,372 10,634
Charge for year 51 1,468 1,519
At 31 December 2021 1,313 10,840 12,153
NET BOOK VALUE
At 31 December 2021 152 4,404 4,556
At 31 December 2020 203 5,872 6,075

Dundas Textiles Ltd (Registered number: 08302107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 3,779 -
Other debtors 1,078 4,486
Deferred tax asset - 11,779
Prepayments - 52
4,857 16,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 2,888 1,417
Directors' current accounts 68,793 67,747
Accrued expenses 1,081 1,021
72,762 70,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years 11,458 13,583

9. DEFERRED TAX
£   
Balance at 1 January 2021 (11,779 )
Capital allowances in excess (268 )
of depreciation
Deferred tax on unrelieved
losses 12,047
Balance at 31 December 2021 -

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
106,248 Ordinary Shares £0.00 1 106 106

11. RELATED PARTY DISCLOSURES

At 31 December 2021 £68,794 (2020 - £67,747) was owed to the directors. No interest was charged on the advance during the year, and the advance is repayable on demand.

12. IMPACT OF COVID-19 PRE AND POST YEAR END

The Company had been negatively affected through the year by Covid-19 and the impact upon its customers from lockdown. The Company has continued to work hard to recover from the impact and has adapted its focus in order to adapt to the changing market place in which it is operating..

Dundas Textiles Ltd (Registered number: 08302107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L K Z Sichel.