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REGISTERED NUMBER: 02686012 (England and Wales)








D B L LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






D B L LIMITED (REGISTERED NUMBER: 02686012)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

D B L LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: D L Luckcock
Mrs B Luckcock





SECRETARY: D L Luckcock





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 02686012 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

D B L LIMITED (REGISTERED NUMBER: 02686012)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 480,739 487,832

CURRENT ASSETS
Stocks 182,000 210,584
Debtors 5 201,947 129,300
Cash at bank and in hand 3,435 3,279
387,382 343,163
CREDITORS
Amounts falling due within one year 6 (559,556 ) (258,516 )
NET CURRENT (LIABILITIES)/ASSETS (172,174 ) 84,647
TOTAL ASSETS LESS CURRENT LIABILITIES 308,565 572,479

CREDITORS
Amounts falling due after more than one year 7 (142,857 ) (261,823 )
NET ASSETS 165,708 310,656

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 164,708 309,656
SHAREHOLDERS' FUNDS 165,708 310,656

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

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

D B L LIMITED (REGISTERED NUMBER: 02686012)

BALANCE SHEET - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





D L Luckcock - Director


D B L LIMITED (REGISTERED NUMBER: 02686012)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022


1. STATUTORY INFORMATION

D B L 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 recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue represents fair consideration received for the sales of goods and services in the normal course of business, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land- not depreciated
Buildings- 2% on cost
Plant & machinery- 10% on cost
Fixtures & fittings- 20% and 33% on cost
Motor vehicles- 20% on cost

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

Government grants
Government grants relate to grants receivable under the Coronavirus Job Retention Scheme and the business interruption payments to cover the first year of interest payments under the Coronavirus Bounce Back Loan Scheme. These are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Stocks
Stocks are valued at the lower of cost and estimated selling costs, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.


D B L LIMITED (REGISTERED NUMBER: 02686012)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


2. ACCOUNTING POLICIES - continued
Taxation
Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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 6 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 579,907 295,635 875,542
Disposals - (26,074 ) (26,074 )
At 31 March 2022 579,907 269,561 849,468
DEPRECIATION
At 1 April 2021 99,907 287,803 387,710
Charge for year 4,578 2,515 7,093
Eliminated on disposal - (26,074 ) (26,074 )
At 31 March 2022 104,485 264,244 368,729
NET BOOK VALUE
At 31 March 2022 475,422 5,317 480,739
At 31 March 2021 480,000 7,832 487,832

Included in cost of land and buildings is freehold land of £ 351,006 (2021 - £ 351,006 ) which is not depreciated.

There are fixed and floating charges provided over the company's assets including all tangible fixed assets with a carrying value of £480,739 (2021: £487,832).

Since the year end the land and buildings have been sold for an amount in the region of £4m. Part of those proceeds have been reinvested in other land and buildings.

D B L LIMITED (REGISTERED NUMBER: 02686012)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 159,048 127,354
Other debtors 42,899 1,946
201,947 129,300

Included within trade debtors are amounts totalling £170,318 (2021: £172,612) that are subject to an invoice discounting arrangement before adjusting for provision for bad debts.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 12,600 11,496
Trade creditors 114,902 36,727
Taxation and social security 164,072 108,008
Other creditors 267,982 102,285
559,556 258,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 142,857 155,457
Other creditors - 106,366
142,857 261,823

Bank loans outstanding at the year end include instalments due after more than five years of £97,209 (2021: £161,814).

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 155,457 166,104
Other Loans 159,242 173,015
314,699 339,119

Loans are secured by a fixed and floating charge over the company's assets.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D B L LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D B L Limited for the year ended 31 March 2022 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D B L Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D B L Limited and state those matters that we have agreed to state to the Board of Directors of D B L Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D B L Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D B L Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D B L Limited. You consider that D B L Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D B L Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


18 October 2023