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REGISTERED NUMBER: 00792456 (England and Wales)


















































Financial Statements

for the Year Ended 31 January 2022

for

D & R Furnishers

D & R Furnishers (Registered number: 00792456)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & R Furnishers

Company Information
for the Year Ended 31 January 2022







DIRECTORS: R H Dible
R E H Dible
P C W Dible
R Dible





SECRETARY: Mrs R M Dible





REGISTERED OFFICE: 16 The Parade
Marlborough
Wiltshire
SN8 1NE





REGISTERED NUMBER: 00792456 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

D & R Furnishers (Registered number: 00792456)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,057 300,191

CURRENT ASSETS
Stocks 38,589 23,887
Debtors 5 68,837 32,617
Cash at bank and in hand 93,230 113,057
200,656 169,561
CREDITORS
Amounts falling due within one year 6 306,885 292,654
NET CURRENT LIABILITIES (106,229 ) (123,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,828

177,098

CREDITORS
Amounts falling due after more than one
year

7

(42,056

)

-

PROVISIONS FOR LIABILITIES (6,575 ) (3,489 )
NET ASSETS 159,197 173,609

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,097 173,509
SHAREHOLDERS' FUNDS 159,197 173,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

D & R Furnishers (Registered number: 00792456)

Balance Sheet - continued
31 January 2022


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 9 September 2022 and were signed on its behalf by:





R E H Dible - Director


D & R Furnishers (Registered number: 00792456)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

D & R Furnishers is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Not provided
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of all work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

D & R Furnishers (Registered number: 00792456)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2021 279,454 120,658 400,112
Additions - 21,434 21,434
Disposals - (15,986 ) (15,986 )
At 31 January 2022 279,454 126,106 405,560
DEPRECIATION
At 1 February 2021 - 99,921 99,921
Charge for year - 5,358 5,358
Eliminated on disposal - (13,776 ) (13,776 )
At 31 January 2022 - 91,503 91,503
NET BOOK VALUE
At 31 January 2022 279,454 34,603 314,057
At 31 January 2021 279,454 20,737 300,191

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 17,975
At 31 January 2022 17,975
DEPRECIATION
Charge for year 1,796
At 31 January 2022 1,796
NET BOOK VALUE
At 31 January 2022 16,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 7,388 7,388
Other debtors 61,449 25,229
68,837 32,617

D & R Furnishers (Registered number: 00792456)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 20,091 -
Hire purchase contracts 5,682 -
Trade creditors 104,580 80,891
Other creditors 176,532 211,763
306,885 292,654

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans 31,563 -
Hire purchase contracts 10,493 -
42,056 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.22 31.1.21
£    £   
Bank overdraft 9,111 -
Hire purchase contracts 16,175 -
25,286 -

Hire purchase liabilities are secured on the assets to which they relate.

Bank overdraft borrowings are secured by way of a legal charge over the assets of the company.