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Draft
Dispense UK Ltd
Registered Number:10323264
For the year ended 31 July 2022
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 July 2022
Dispense UK Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
10323264
As at 31 July 2022
Dispense UK Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
3,500
5,000
2
Property, plant and equipment
35,891
36,226
3
39,391
41,226
Current assets
Inventories
43,761
60,000
4
Trade and other receivables
8,108
3,285
5
15,261
Cash and cash equivalents
9,393
72,678
67,130
Trade and other payables: amounts falling due within one
year
(63)
(4,405)
6
67,067
68,273
Net current assets
Total assets less current liabilities
107,664
108,293
Trade and other payables: amounts falling due after more
than one year
(26,669)
(7,886)
7
99,778
Net assets
81,624
Capital and reserves
Called up share capital
2
2
Retained earnings
99,776
81,622
99,778
81,624
Shareholders' funds
For the year ended 31 July 2022 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 of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Draft
Registered Number :
10323264
For the year ended 31 July 2022
Dispense UK Ltd
Statement of Financial Position Continued
Craig Steven Heavens Director
These financial statements were approved and authorised for issue by the Board on 07 September 2022 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 31 July 2022
Dispense UK Ltd
Notes to the Financial Statements
Statutory Information
Dispense UK Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10323264.
Registered address:
101 Lawn Road
Fishponds
Bristol
BS16 5BA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
18% Reducing balance
18% Reducing balance
Computer Equipment
18% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Draft
For the year ended 31 July 2022
Dispense UK Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2021
12,000
At 31 July 2022
12,000
Amortisation
At 01 August 2021
7,000
1,500
Charge for year
At 31 July 2022
8,500
Net book value
At 31 July 2022
3,500
At 31 July 2021
5,000
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 August 2021
75,268
2,430
50,907
21,931
7,030
230
6,800
-
Additions
At 31 July 2022
21,931
57,707
2,660
82,298
Provision for depreciation and impairment
At 01 August 2021
39,042
1,132
27,168
10,742
Charge for year
7,365
261
5,089
2,015
At 31 July 2022
46,407
1,393
32,257
12,757
At 31 July 2022
Net book value
9,174
25,450
1,267
35,891
At 31 July 2021
11,189
23,739
1,298
36,226
4. Inventories
2021
2022
£
£
Stocks
60,000
43,761
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Draft
For the year ended 31 July 2022
Dispense UK Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2022
£
£
Trade debtors
3,285
8,108
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
-
1
Taxation and social security
4,258
-
Other creditors
147
62
4,405
63
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
-
14,848
Other creditors
7,886
11,821
7,886
26,669
8. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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