Registered number
03905418
Dustraction Limited
Unaudited Filleted Accounts
31 May 2023
Dustraction Limited
Registered number: 03905418
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 384,049 393,003
Current assets
Stocks 20,000 14,219
Debtors 4 491,614 369,658
Cash at bank and in hand 353,093 400,913
864,707 784,790
Creditors: amounts falling due within one year 5 (352,683) (321,233)
Net current assets 512,024 463,557
Total assets less current liabilities 896,073 856,560
Provisions for liabilities (13,245) (11,375)
Net assets 882,828 845,185
Capital and reserves
Called up share capital 45,000 45,000
Profit and loss account 837,828 800,185
Shareholders' funds 882,828 845,185
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.
Mr S Matuska
Director
Approved by the board on 17 October 2023
Dustraction Limited
Notes to the Accounts
for the year ended 31 May 2023
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:
Freehold buildings 2% straight line
Motor vehicles 25% straight line
Plant and machinery 12.5% straight line
IT equipment 25% straight line
Fixtures, fittings, tools and equipment 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2022 350,000 354,771 95,085 799,856
Additions - 1,584 - 1,584
Disposals - (278,497) (22,375) (300,872)
At 31 May 2023 350,000 77,858 72,710 500,568
Depreciation
At 1 June 2022 22,280 289,488 95,085 406,853
Charge for the year 1,114 10,383 - 11,497
On disposals - (279,456) (22,375) (301,831)
At 31 May 2023 23,394 20,415 72,710 116,519
Net book value
At 31 May 2023 326,606 57,443 - 384,049
At 31 May 2022 327,720 65,283 - 393,003
4 Debtors 2023 2022
£ £
Trade debtors 464,051 342,791
Other debtors 27,563 26,867
491,614 369,658
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 30
Trade creditors 102,182 140,639
Taxation and social security costs 139,450 81,979
Other creditors 111,051 98,585
352,683 321,233
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 2,572
7 Other information
Dustraction Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Pomeroy Drive
Oadby
Leicester
LE2 5NE
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