Registered Number:10323264 |
For the year ended 31 July 2022
England and Wales
Unaudited Financial Statements
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
Dispense UK Ltd
Statement of Financial Position
2021
2022
3,500
5,000
2
Property, plant and equipment |
35,891
36,226
3
39,391
41,226
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
2
2
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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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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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. |
101 Lawn Road
Fishponds
Bristol
BS16 5BA
The presentation currency is £ sterling. |
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
Computer Equipment
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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For the year ended 31 July 2022
Dispense UK Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
12,000
12,000
7,000
1,500
Charge for year
8,500
3,500
5,000
3. Property, plant and equipment |
Motor Vehicles
75,268
2,430
50,907
21,931
7,030
230
6,800
-
21,931
57,707
2,660
82,298
Provision for depreciation and impairment |
39,042
1,132
27,168
10,742
Charge for year
7,365
261
5,089
2,015
46,407
1,393
32,257
12,757
9,174
25,450
1,267
35,891
11,189
23,739
1,298
36,226
2021
2022
60,000
43,761
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For the year ended 31 July 2022
Dispense UK Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2021
2022
3,285
8,108
6. Trade and other payables: amounts falling due within one year |
2021
2022
-
1
Taxation and social security |
4,258
-
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
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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