DEBRONE LTD
Registered number: 12335039
Balance Sheet
as at 31 May 2022 18 Months 12 Months
Notes 2022 2020
£ £
Fixed assets
Tangible assets 3 896 1,120
Current assets
Debtors 4 6,109 8,431
Cash at bank and in hand 2,602 4,342
8,711 12,773
Creditors: amounts falling due within one year 5 (525) (886)
Net current assets 8,186 11,887
Total assets less current liabilities 9,082 13,007
Creditors: amounts falling due after more than one year 6 (8,749) (11,000)
Net assets 333 2,007
Capital and reserves
Called up share capital 1 1
Profit and loss account 332 2,006
Shareholders' funds 333 2,007
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. A. Adepegba
Director
Approved by the board on 7 July 2022
DEBRONE LTD
Notes to the Accounts
for the period from 1 December 2020 to 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2022 2020
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 1,400
At 31 May 2022 1,400
Depreciation
At 1 December 2020 280
Charge for the period 224
At 31 May 2022 504
Net book value
At 31 May 2022 896
At 30 November 2020 1,120
4 Debtors 2022 2020
£ £
Other debtors 6,109 8,431
5 Creditors: amounts falling due within one year 2022 2020
£ £
Taxation and social security costs - 536
Other creditors 525 350
525 886
6 Creditors: amounts falling due after one year 2022 2020
£ £
Bank loans 8,749 11,000
7 Other information
DEBRONE LTD is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
England
WC2H 9JQ
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