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Company Registration No. 06668124 (England and Wales)
Debright Trading Limited Unaudited accounts for the year ended 31 January 2023
Debright Trading Limited Unaudited accounts Contents
Page
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Debright Trading Limited Company Information for the year ended 31 January 2023
Directors
D A Bright S P Bright
Company Number
06668124 (England and Wales)
Registered Office
Rugby House Hinckley Road Sapcote Leicester Leicestershire LE9 4FU
Accountants
121 Local Accounting Ltd Unit 15, Whitwick Business Centre Stenson Road Coalville Leicestershire LE67 4JP
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Debright Trading Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,071 
46,571 
Current assets
Inventories
35,000 
15,000 
Debtors
25,874 
13,674 
Cash at bank and in hand
68,457 
39,007 
129,331 
67,681 
Creditors: amounts falling due within one year
(128,549)
(102,457)
Net current assets/(liabilities)
782 
(34,776)
Total assets less current liabilities
72,853 
11,795 
Creditors: amounts falling due after more than one year
(53,999)
(6,447)
Provisions for liabilities
Deferred tax
(111)
(50)
Net assets
18,743 
5,298 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,643 
5,198 
Shareholders' funds
18,743 
5,298 
For the year ending 31 January 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
D A Bright Director Company Registration No. 06668124
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Debright Trading Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Debright Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 06668124. The registered office is Rugby House Hinckley Road, Sapcote, Leicester, Leicestershire, LE9 4FU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
59,895 
23,677 
43,333 
17,559 
144,464 
Additions
18,634 
- 
14,178 
3,429 
36,241 
At 31 January 2023
78,529 
23,677 
57,511 
20,988 
180,705 
Depreciation
At 1 February 2022
31,183 
23,677 
29,624 
13,409 
97,893 
Charge for the year
5,814 
- 
3,500 
1,427 
10,741 
At 31 January 2023
36,997 
23,677 
33,124 
14,836 
108,634 
Net book value
At 31 January 2023
41,532 
- 
24,387 
6,152 
72,071 
At 31 January 2022
28,712 
- 
13,709 
4,150 
46,571 
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Debright Trading Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,033 
13,304 
Accrued income and prepayments
1,841 
370 
25,874 
13,674 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,448 
265 
Obligations under finance leases and hire purchase contracts
2,448 
2,448 
Trade creditors
62,346 
35,832 
Taxes and social security
- 
780 
Other creditors
7,842 
262 
Loans from directors
54,465 
62,870 
128,549 
102,457 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,000 
- 
Obligations under finance leases and hire purchase contracts
3,999 
6,447 
53,999 
6,447 
8
Average number of employees
During the year the average number of employees was 2 (2022: 4).
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