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REGISTERED NUMBER: 12692146 (England and Wales)















DSBP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022






DSBP LIMITED (REGISTERED NUMBER: 12692146)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DSBP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTOR: S Kennedy





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 12692146 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

DSBP LIMITED (REGISTERED NUMBER: 12692146)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2022

2022 2021
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 92,949 80,093

CURRENT ASSETS
Inventories - 29,419
Debtors 5 949,267 599,873
Cash at bank and in hand 217,882 11,235
1,167,149 640,527
CREDITORS
Amounts falling due within one year 6 (1,103,012 ) (626,542 )
NET CURRENT ASSETS 64,137 13,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,086

94,078

CREDITORS
Amounts falling due after more than one
year

7

(14,227

)

-

PROVISIONS FOR LIABILITIES (12,246 ) (5,955 )
NET ASSETS 130,613 88,123

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,513 88,023
130,613 88,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 director and authorised for issue on 13 September 2022 and were signed by:





S Kennedy - Director


DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022


1. STATUTORY INFORMATION

DSBP Limited is a private company, limited by shares and registered in England and Wales. The company's registered number is 12692146 and the registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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.

Going concern
Despite the challenges faced by the UK economy, not least as a result of the Covid-19 pandemic, the company is performing extremely well and continues to generate profits post year end.

The company is not financially dependent on any form of debt and working capital is tightly controlled.

After due consideration, the director is satisfied that the company is a going concern and that the financial statements have been correctly prepared on this basis.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below:-

i) Determining the expected outcome of long-term building contracts prior to their conclusion and calculating the attributable profit that should be recognised in a manner appropriate to the stage of completion.

Revenue
Revenue represents amounts chargeable to customers for the provision of goods and services, excluding value added tax and adjusted for changes in the levels of work in progress.

Revenue is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed. The revenue recognised is included at the fair value of consideration expected to be received on contracts after taking into account retentions and anticipated variations. Costs of post year end rectification work are provided as part of costs of sales.

Unbilled revenue is included in current year assets as 'Amounts recoverable on contracts'.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
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.
Plant and machinery - Straight line over 2 - 10 years
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Inventories
Inventories are valued at the lower of cost and net realisable value.

Cost comprises all direct expenditure in bringing inventories to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 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.

Payments made under operating leases are recognised in the income statement on a straight-line basis over the term 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2021 - 78,700 7,769 86,469
Additions 4,277 38,855 7,644 50,776
Disposals - (16,300 ) (3,122 ) (19,422 )
At 30 June 2022 4,277 101,255 12,291 117,823
DEPRECIATION
At 1 July 2021 - 5,275 1,101 6,376
Charge for year 1,784 18,975 2,343 23,102
Eliminated on disposal - (3,967 ) (637 ) (4,604 )
At 30 June 2022 1,784 20,283 2,807 24,874
NET BOOK VALUE
At 30 June 2022 2,493 80,972 9,484 92,949
At 30 June 2021 - 73,425 6,668 80,093

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 38,855
At 30 June 2022 38,855
DEPRECIATION
Charge for year 3,885
At 30 June 2022 3,885
NET BOOK VALUE
At 30 June 2022 34,970

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 39,687 40,823
Amounts owed by group undertakings 138,000 -
Amounts recoverable on contracts 693,874 422,777
Other debtors 77,706 136,273
949,267 599,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 8,985 -
Trade creditors 653,114 384,901
Taxation and social security 125,726 55,112
Other creditors 315,187 186,529
1,103,012 626,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 14,227 -

DSBP LIMITED (REGISTERED NUMBER: 12692146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022


8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 23,212 -

The hire purchase liability is secured on the respective motor vehicle held under the terms of the agreement.