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REGISTERED NUMBER: 06013293 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

DSE (N.E.) Limited

DSE (N.E.) Limited (Registered number: 06013293)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DSE (N.E.) Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: K S Slater
D Slater





REGISTERED OFFICE: 23 Craven Terrace
London
W2 3QH





REGISTERED NUMBER: 06013293 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DSE (N.E.) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DSE (N.E.) Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DSE (N.E.) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DSE (N.E.) Limited and state those matters that we have agreed to state to the Board of Directors of DSE (N.E.) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DSE (N.E.) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DSE (N.E.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DSE (N.E.) Limited. You consider that DSE (N.E.) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DSE (N.E.) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


2 August 2022

DSE (N.E.) Limited (Registered number: 06013293)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,915 49,313

CURRENT ASSETS
Stocks 5 4,200 3,976
Debtors 6 496,953 570,177
Cash at bank and in hand 114,886 83,056
616,039 657,209
CREDITORS
Amounts falling due within one year 7 70,287 114,892
NET CURRENT ASSETS 545,752 542,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,667

591,630

CREDITORS
Amounts falling due after more than one
year

8

(34,167

)

(44,000

)

PROVISIONS FOR LIABILITIES (7,964 ) (9,369 )
NET ASSETS 545,536 538,261

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 545,534 538,259
SHAREHOLDERS' FUNDS 545,536 538,261

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.

DSE (N.E.) Limited (Registered number: 06013293)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:




D Slater - Director



K S Slater - Director


DSE (N.E.) Limited (Registered number: 06013293)

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

1. STATUTORY INFORMATION

DSE (N.E.) 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.

Turnover
Turnover is measured at the fair value of the consideration received excluding value added tax for the following two different sources of income:-

Sale of sound and vision technology including installation services.

Property Development Management services

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 - 15% on reducing balance per annum
Fixtures and fittings - 15% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

Cost includes all costs of purchases and other costs incurred in bringing the stock to its present condition.


DSE (N.E.) Limited (Registered number: 06013293)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscovered amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

DSE (N.E.) Limited (Registered number: 06013293)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 65,185 105,203 170,388
DEPRECIATION
At 1 January 2021 55,201 65,874 121,075
Charge for year 1,497 5,901 7,398
At 31 December 2021 56,698 71,775 128,473
NET BOOK VALUE
At 31 December 2021 8,487 33,428 41,915
At 31 December 2020 9,984 39,329 49,313

5. STOCKS
2021 2020
£    £   
Stocks 4,200 3,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 6,094 81,749
Bad debt provision (2,752 ) (2,752 )
Other Debtors 488,611 486,180
Prepayments 5,000 5,000
496,953 570,177

Other debtors includes 2021 £488,611, 2020 £486,180 an amount due from DSE (W2) Ltd, a company under common control. This amount is repayable in full on demand.

DSE (N.E.) Limited (Registered number: 06013293)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 6,000
Trade creditors 20,831 50,128
Tax 4,285 4,017
Social security and other taxes 2,248 (45 )
VAT 9,101 29,718
Other creditors 10,420 3,013
Directors' current accounts - 8,659
Accrued expenses 13,402 13,402
70,287 114,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Bank loans 34,167 44,000