Company registration number 06787560 (England and Wales)
DJB BUILDING WINCHESTER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
DJB BUILDING WINCHESTER LIMITED
BALANCE SHEET
1
2023
2022
Notes
£
£
£
£
Current assets
Stocks and work in progress
50,000
Debtors
3
4,400
132,517
4,400
182,517
Creditors: amounts falling due within one year
4
(29,919)
(82,283)
Net current (liabilities)/assets
(25,519)
100,234
Creditors: amounts falling due after more than one year
5
(83,333)
(95,833)
Net (liabilities)/assets
(108,852)
4,401
Capital and reserves
Called up share capital
6
102
102
Profit and loss reserves
(108,954)
4,299
Total equity
(108,852)
4,401
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 3 August 2023
Mr D Osborne-Brown
Director
Company Registration No. 06787560
DJB BUILDING WINCHESTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
2
1
Accounting policies
Company information
DJB Building Winchester Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2FS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
DJB BUILDING WINCHESTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies (Continued)
3
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,169
Corporation tax recoverable
3,913
Amounts owed by group undertakings
130,348
Other debtors
487
4,400
132,517
DJB BUILDING WINCHESTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
4
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
25,000
34,135
Trade creditors
14,457
Corporation tax
22,737
Other taxation and social security
4,919
4,886
Other creditors
6,068
29,919
82,283
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
83,333
95,833
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
Ordinary B shares of £1 each
100
100
100
100
102
102
102
102
7
Parent company
The parent company of DJB Building Winchester Limited is Osborne-Brown Limited and its registered office is 25 Hursley Road, Chandlers Ford, Eastleigh Hampshire SO53 2FS.