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COMPANY REGISTRATION NUMBER: 13572189
DPJ Sprinklers Limited
Filleted Unaudited Financial Statements
For the period ended
28 February 2022
DPJ Sprinklers Limited
Statement of Financial Position
28 February 2022
28 Feb 22
Note
£
£
Fixed assets
Tangible assets
5
37,412
Current assets
Debtors
6
290,268
Cash at bank and in hand
47,070
---------
337,338
Creditors: amounts falling due within one year
7
287,221
---------
Net current assets
50,117
--------
Total assets less current liabilities
87,529
Provisions
5,380
--------
Net assets
82,149
--------
Capital and reserves
Called up share capital
2
Profit and loss account
82,147
--------
Shareholders funds
82,149
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DPJ Sprinklers Limited
Statement of Financial Position (continued)
28 February 2022
These financial statements were approved by the board of directors and authorised for issue on 6 September 2022 , and are signed on behalf of the board by:
Mr D P Judge
Mr S Hynes
Director
Director
Company registration number: 13572189
DPJ Sprinklers Limited
Notes to the Financial Statements
Period from 18 August 2021 to 28 February 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 19 Tabrums Farm, Tabrums Lane, Battlesbridge, Essex, SS11 7QX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 .
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 18 August 2021
Additions
40,456
1,836
42,292
--------
-------
--------
At 28 February 2022
40,456
1,836
42,292
--------
-------
--------
Depreciation
At 18 August 2021
Charge for the period
4,674
206
4,880
--------
-------
--------
At 28 February 2022
4,674
206
4,880
--------
-------
--------
Carrying amount
At 28 February 2022
35,782
1,630
37,412
--------
-------
--------
6. Debtors
28 Feb 22
£
Trade debtors
184,771
Other debtors
105,497
---------
290,268
---------
7. Creditors: amounts falling due within one year
28 Feb 22
£
Trade creditors
173,244
Social security and other taxes
50,467
Other creditors
63,510
---------
287,221
---------
8. Directors' advances, credits and guarantees
During the period the company extended credit and made advances to the director. These amounts are repayable on demand and interest has been charged on any outstanding balances where applicable, on a daily basis, calculated at the HMRC official beneficial loan rate. Details of the balances, advances and amounts repaid are: Director
2022
£
Amounts advanced 504
Amounts repaid 504
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases is £3,600.