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DB Electrics (UK) Ltd
Registered Number:03851386
For the year ended 31 March 2023
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 March 2023
DB Electrics (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03851386
As at 31 March 2023
DB Electrics (UK) Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
-
13,756
2
-
13,756
Current assets
Trade and other receivables
5,637
3
3
2,702
Cash and cash equivalents
-
3
8,339
Trade and other payables: amounts falling due within one
year
(4,699)
(5,702)
4
3,640
(5,699)
Net current liabilities
Total assets less current liabilities
(5,699)
17,396
Trade and other payables: amounts falling due after more
than one year
(79,160)
(78,443)
5
(84,142)
Net liabilities
(61,764)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(85,142)
(62,764)
(84,142)
(61,764)
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Blakeston Director
These financial statements were approved and authorised for issue by the Board on 12 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
DB Electrics (UK) Ltd
Notes to the Financial Statements
Statutory Information
DB Electrics (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03851386.
Registered address:
56 Acacia Drive
Townville
Castleford
West Yorkshire
WF10 3QD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
15 Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2 of 4
5
For the year ended 31 March 2023
DB Electrics (UK) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2022
55,652
10,476
1,400
36,190
7,586
(10,476)
(1,400)
(36,190)
(7,586)
Disposals
(55,652)
At 31 March 2023
-
-
-
-
-
Provision for depreciation and impairment
At 01 April 2022
41,896
10,042
1,124
25,019
5,711
Charge for year
2,834
143
41
2,369
281
(44,730)
(10,185)
(1,165)
(27,388)
(5,992)
On disposal
At 31 March 2023
-
-
-
-
-
At 31 March 2023
Net book value
-
-
-
-
-
At 31 March 2022
1,875
11,171
276
434
13,756
Land & Buildings revaluation carried out 25 August 2021.
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
4,086
Other debtors
3
1,551
5,637
3
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,147
-
Taxation and social security
-
668
Other creditors
1,555
4,031
5,702
4,699
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6
For the year ended 31 March 2023
DB Electrics (UK) Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
8,273
34,052
Other creditors
70,170
45,108
78,443
79,160
6. Average number of persons employed
During the year the average number of employees was 0 (2022 : 2)
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