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REGISTERED NUMBER: 12099297 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Domestic Warranty Shop Limited

Domestic Warranty Shop Limited (Registered number: 12099297)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Domestic Warranty Shop Limited

Company Information
for the Year Ended 31 July 2022







DIRECTORS: N S Cuervo-Atkin
B Cuervo-Atkin
D Young





REGISTERED OFFICE: Hinton Chambers
Hinton Road
Bournemouth
Dorset
BH1 2EF





REGISTERED NUMBER: 12099297 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Domestic Warranty Shop Limited (Registered number: 12099297)

Balance Sheet
31 July 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,200 94,050
Tangible assets 5 876 868
154,076 94,918

CURRENT ASSETS
Debtors 6 28,482 29,404
Cash at bank 5,767 1,401
34,249 30,805
CREDITORS
Amounts falling due within one year 7 164,429 121,892
NET CURRENT LIABILITIES (130,180 ) (91,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,896

3,831

CREDITORS
Amounts falling due after more than one
year

8

(486

)

(810

)

PROVISIONS FOR LIABILITIES (166 ) (141 )
NET ASSETS 23,244 2,880

CAPITAL AND RESERVES
Called up share capital 798 798
Retained earnings 22,446 2,082
SHAREHOLDERS' FUNDS 23,244 2,880

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

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

Domestic Warranty Shop Limited (Registered number: 12099297)

Balance Sheet - continued
31 July 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 13 October 2023 and were signed on its behalf by:





D Young - Director


Domestic Warranty Shop Limited (Registered number: 12099297)

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

1. STATUTORY INFORMATION

Domestic Warranty Shop Limited is a private company, limited by shares , 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on 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 balance sheet date.

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.

Domestic Warranty Shop Limited (Registered number: 12099297)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2021 104,500
Additions 77,333
At 31 July 2022 181,833
AMORTISATION
At 1 August 2021 10,450
Charge for year 18,183
At 31 July 2022 28,633
NET BOOK VALUE
At 31 July 2022 153,200
At 31 July 2021 94,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 1,296
Additions 650
At 31 July 2022 1,946
DEPRECIATION
At 1 August 2021 428
Charge for year 642
At 31 July 2022 1,070
NET BOOK VALUE
At 31 July 2022 876
At 31 July 2021 868

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 28,482 29,404

Domestic Warranty Shop Limited (Registered number: 12099297)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 46,828 50,000
Hire purchase contracts 324 324
Trade creditors 4,996 14,667
Taxation and social security 36,646 36,543
Other creditors 75,635 20,358
164,429 121,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 486 810