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REGISTERED NUMBER: 05028538 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

DUSTSCAN LIMITED

DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUSTSCAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs S J Radbourne
Mr O Puddle





SECRETARY: Mrs S J Radbourne





REGISTERED OFFICE: Unit 8 Nimrod
De Havilland Way
Witney
Oxfordshire





REGISTERED NUMBER: 05028538 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG

DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 134,813 134,236
Tangible assets 5 43,128 48,228
Investments 6 1 1
177,942 182,465

CURRENT ASSETS
Stocks 28,302 9,682
Debtors 7 335,767 320,388
Cash at bank and in hand 202,411 143,308
566,480 473,378
CREDITORS
Amounts falling due within one year 8 166,571 175,203
NET CURRENT ASSETS 399,909 298,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,851

480,640

CREDITORS
Amounts falling due after more than one
year

9

(72,500

)

(102,500

)

PROVISIONS FOR LIABILITIES 11 (7,968 ) (8,864 )
NET ASSETS 497,383 369,276

CAPITAL AND RESERVES
Called up share capital 12 100 100
Capital redemption reserve 13 11 11
Retained earnings 13 497,272 369,165
SHAREHOLDERS' FUNDS 497,383 369,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

BALANCE SHEET - continued
31 JANUARY 2023


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 11 October 2023 and were signed on its behalf by:




Mrs S J Radbourne - Director



Mr O Puddle - Director


DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

The nature of the company's operations and principal activity is that of dust consultancy and monitoring services. The company's principal place of business is Witney, Oxfordshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill paid in connection with the acquisition of the business in 2004 is now fully amortised.
Goodwill paid on the acquisition of a further business in 2012 is now fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Design & manufacturing rights
Exclusive design and manufacturing rights purchased in 2010 are now fully amortised.

Research & development
Expenditure on research and development is capitalised and amortised at a rate calculated to write off the value on a straight line basis over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - write off over period of lease
Fixtures & equipment - 25% on cost
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period 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 12 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2022 270,302
Additions 30,380
At 31 January 2023 300,682
AMORTISATION
At 1 February 2022 136,066
Amortisation for year 29,803
At 31 January 2023 165,869
NET BOOK VALUE
At 31 January 2023 134,813
At 31 January 2022 134,236

DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Short Fixtures Computer
leasehold & equipment equipment Totals
£    £    £    £   
COST
At 1 February 2022 30,182 89,052 43,236 162,470
Additions - 3,662 700 4,362
At 31 January 2023 30,182 92,714 43,936 166,832
DEPRECIATION
At 1 February 2022 - 74,524 39,718 114,242
Charge for year - 6,937 2,525 9,462
At 31 January 2023 - 81,461 42,243 123,704
NET BOOK VALUE
At 31 January 2023 30,182 11,253 1,693 43,128
At 31 January 2022 30,182 14,528 3,518 48,228

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 February 2022
and 31 January 2023 1
NET BOOK VALUE
At 31 January 2023 1
At 31 January 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 302,108 286,220
Tax 2,972 2,268
Prepayments 30,687 31,900
335,767 320,388

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 55,600 102,519
Tax 23,408 -
VAT 49,014 36,845
Other creditors 1,990 -
Accrued expenses 6,559 5,839
166,571 175,203

DUSTSCAN LIMITED (REGISTERED NUMBER: 05028538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 2-5 years 72,500 102,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 102,500 132,500

The bank loan is secured by way of a charge dated 14 September 2020 over the assets of the company in favour of HSBC.

11. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 7,968 8,864

Deferred
tax
£   
Balance at 1 February 2022 8,864
Provided during year (896 )
Balance at 31 January 2023 7,968

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2022 369,165 11 369,176
Profit for the year 128,107 128,107
At 31 January 2023 497,272 11 497,283