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Company Registration No. 03084279 (England and Wales)
Exclusive Drylining Limited Unaudited accounts for the year ended 31 July 2023
Exclusive Drylining Limited Unaudited accounts Contents
Page
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Exclusive Drylining Limited Company Information for the year ended 31 July 2023
Directors
D. Hodgetts J. Hodgetts
Company Number
03084279 (England and Wales)
Registered Office
Brook Barn Peterbrook Road Shirley Solihull B90 1ED
Accountants
Cris Cox ATT Central Accountancy Services Ltd 39 Coleshill Close Redditch Worcs. B97 5UN
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Exclusive Drylining Limited Accountants' report
Accountants' report to the board of directors of Exclusive Drylining Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Exclusive Drylining Limited for the year ended 31 July 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Exclusive Drylining Limited, as a body, in accordance with the terms of our engagement letter dated 16 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Exclusive Drylining Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exclusive Drylining Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Exclusive Drylining Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Exclusive Drylining Limited. You consider that Exclusive Drylining 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 accounts of Exclusive Drylining 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 accounts.
Cris Cox ATT Central Accountancy Services Ltd 39 Coleshill Close Redditch Worcs. B97 5UN 27 October 2023
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Exclusive Drylining Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,102 
33,346 
Current assets
Inventories
46,419 
66,200 
Debtors
991,595 
726,457 
Cash at bank and in hand
224,640 
411,323 
1,262,654 
1,203,980 
Creditors: amounts falling due within one year
(272,233)
(241,505)
Net current assets
990,421 
962,475 
Total assets less current liabilities
1,079,523 
995,821 
Creditors: amounts falling due after more than one year
(66,069)
(30,518)
Provisions for liabilities
Deferred tax
(16,930)
(6,336)
Net assets
996,524 
958,967 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
996,424 
958,867 
Shareholders' funds
996,524 
958,967 
For the year ending 31 July 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 27 October 2023 and were signed on its behalf by
D. Hodgetts Director Company Registration No. 03084279
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Exclusive Drylining Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Exclusive Drylining Limited is a private company, limited by shares, registered in England and Wales, registration number 03084279. The registered office is Brook Barn, Peterbrook Road, Shirley, Solihull, B90 1ED.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Exclusive Drylining Limited Notes to the Accounts for the year ended 31 July 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
22,570 
75,643 
98,213 
Additions
2,617 
75,416 
78,033 
At 31 July 2023
25,187 
151,059 
176,246 
Depreciation
At 1 August 2022
16,151 
48,716 
64,867 
Charge for the year
1,807 
20,470 
22,277 
At 31 July 2023
17,958 
69,186 
87,144 
Net book value
At 31 July 2023
7,229 
81,873 
89,102 
At 31 July 2022
6,419 
26,927 
33,346 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
881,683 
601,870 
Accrued income and prepayments
9,410 
66,629 
Other debtors
100,502 
57,958 
991,595 
726,457 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,149 
11,149 
Obligations under finance leases and hire purchase contracts
15,070 
1,164 
Trade creditors
188,714 
189,170 
Taxes and social security
47,808 
25,372 
Other creditors
3,917 
13,005 
Loans from directors
5,575 
1,645 
272,233 
241,505 
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Exclusive Drylining Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,589 
30,518 
Obligations under finance leases and hire purchase contracts
46,480 
- 
66,069 
30,518 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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