DORAN DECORATORS LTD

Company Registration Number:
SC619747 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

DORAN DECORATORS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

DORAN DECORATORS LTD

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 76,916 59,359
Total fixed assets: 76,916 59,359
Current assets
Debtors:   290,811 283,602
Cash at bank and in hand: 15,560
Total current assets: 306,371 283,602
Creditors: amounts falling due within one year: 4 (198,326) (191,325)
Net current assets (liabilities): 108,045 92,277
Total assets less current liabilities: 184,961 151,636
Creditors: amounts falling due after more than one year: 5 (108,326) (100,242)
Provision for liabilities: (2,413) (2,413)
Total net assets (liabilities): 74,222 48,981
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 74,221 48,980
Shareholders funds: 74,222 48,981

The notes form part of these financial statements

DORAN DECORATORS LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 October 2023
and signed on behalf of the board by:

Name: ANDREW DORAN
Status: Director

The notes form part of these financial statements

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received for goods and services rendered net of discounts and Value Added tax

Tangible fixed assets and depreciation policy

Tangible Assets are initially recorded at cost and are subsequently stated at Cost less any accumulated depreciation and impairment losses.Depreciation is calculated to write off an Asset,less its residual value over the useful economic life of the asset as followsPlant/Fixtures & fittings/Motor Vehicles-20% reducing balance method

Valuation and information policy

Year End Contract Valuations are valued at sales value of Contract less sales invoices processed to year end

Other accounting policies

Contributions to defined contribution plans are recognised as an expense in the year paid and is charged to the Profit And Loss Account

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 25 22

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 73,631
Additions 31,498
At 31 January 2023 105,129
Depreciation
At 01 February 2022 14,272
Charge for year 13,941
At 31 January 2023 28,213
Net book value
At 31 January 2023 76,916
At 31 January 2022 59,359

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

The company has given security on the following CreditorsVirgin Money Overdraft £nil (2022 £17,967)Virgin Money Recovery Loan £8,333 ( 2022 £8,333)Hire Purchase Creditors £13,698 ( 2022 £8,739)Director Andrew Doran has provided a personal guaranteeon the following CreditorFleximize Capital Limited £15,442 ( 2022 £17,854)

DORAN DECORATORS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due after more than one year note

The company has given security on the following CreditorsVirgin Money Recovery Loan £29,167 ( 2022 £37,500)Hire Purchase Creditors £25,661 ( 2022 £16,018)