Registered number
07400733
DSSC Europe Limited
Filleted Accounts
31 March 2023
DSSC Europe Limited
Registered number: 07400733
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,945 2,593
Current assets
Debtors 4 996,169 956,784
Cash at bank and in hand 283,735 219,865
1,279,904 1,176,649
Creditors: amounts falling due within one year 5 (134,296) (204,401)
Net current assets 1,145,608 972,248
Net assets 1,147,553 974,841
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 1,127,553 954,841
Shareholders' funds 1,147,553 974,841
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.
M S Kim
Director
Approved by the board on 3 August 2023
DSSC Europe Limited
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 24 28
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 31,125
At 31 March 2023 31,125
Depreciation
At 1 April 2022 28,532
Charge for the year 648
At 31 March 2023 29,180
Net book value
At 31 March 2023 1,945
At 31 March 2022 2,593
4 Debtors 2023 2022
£ £
Trade debtors 141,554 278,534
Other debtors 854,615 678,250
996,169 956,784
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 897
Taxation and social security costs 74,605 146,932
Other creditors 59,691 56,572
134,296 204,401
6 Other information
DSSC Europe Limited is a private company limited by shares and incorporated in England. Its registered office is:
1F Dawson House
131-135 High Street
New Malden
Surrey
KT3 4BH
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