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COMPANY REGISTRATION NUMBER: 08992346
DCBE Limited
Unaudited Financial Statements
31 December 2021
DCBE Limited
Financial Statements
Year ended 31 December 2021
Contents
Page
Director's report
1
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
DCBE Limited
Director's Report
Year ended 31 December 2021
The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2021 .
Director
The director who served the company during the year was as follows:
Mr D Carlisle
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 20 March 2022 and signed on behalf of the board by:
Mr D Carlisle
Director
Registered office:
Lyndhurst
1 Cranmer Street
Long Eaton
Nottingham
NG10 1NJ
DCBE Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of DCBE Limited
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DCBE Limited for the year ended 31 December 2021, which comprise the statement of income and retained earnings, statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of DCBE Limited. Our work has been undertaken solely to prepare for your approval the financial statements of DCBE Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DCBE Limited and its director for our work or for this report.
It is your duty to ensure that DCBE 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 DCBE Limited. You consider that DCBE 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 DCBE 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.
GREGORY PRIESTLEY & STEWART Chartered Accountants
Lyndhurst 1 Cranmer Street Long Eaton Nottingham NG10 1NJ
20 March 2022
DCBE Limited
Statement of Income and Retained Earnings
Year ended 31 December 2021
2021
2020
Note
£
£
Administrative expenses
1,013
1,108
-------
-------
Operating loss
( 1,013)
( 1,108)
Income from shares in group undertakings
85,000
85,000
--------
--------
Profit before taxation
83,987
83,892
Tax on profit
--------
--------
Profit for the financial year and total comprehensive income
83,987
83,892
--------
--------
Dividends paid and payable
( 85,000)
( 85,000)
Retained earnings at the start of the year
8,561
9,669
--------
--------
Retained earnings at the end of the year
7,548
8,561
--------
--------
All the activities of the company are from continuing operations.
DCBE Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
Fixed assets
Investments
4
402,050
402,050
Current assets
Debtors
5
54,794
Creditors: amounts falling due within one year
6
449,246
393,439
---------
---------
Net current liabilities
394,452
393,439
---------
---------
Total assets less current liabilities
7,598
8,611
-------
-------
Net assets
7,598
8,611
-------
-------
Capital and reserves
Called up share capital
50
50
Profit and loss account
7,548
8,561
-------
-------
Shareholders funds
7,598
8,611
-------
-------
These financial statements have been prepared 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'.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 March 2022 , and are signed on behalf of the board by:
Mr D Carlisle
Director
Company registration number: 08992346
DCBE Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
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, as modified by the revaluation of certain financial assets and liabilities and measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in subsidiary
Investments in the subsidiary accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in the subsidiary accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2021 and 31 December 2021
402,050
---------
Impairment
At 1 January 2021 and 31 December 2021
---------
Carrying amount
At 31 December 2021
402,050
---------
At 31 December 2020
402,050
---------
5. Debtors
2021
2020
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
54,794
--------
----
6. Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
447,351
391,544
Other creditors
1,895
1,895
---------
---------
449,246
393,439
---------
---------