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Company Registration No. 11173652 (England and Wales)
DR ALLOY LIMITED Unaudited accounts for the year ended 31 January 2023
DR ALLOY LIMITED Unaudited accounts Contents
Page
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DR ALLOY LIMITED Company Information for the year ended 31 January 2023
Directors
T Copland Ms S Holden TS Copland
Company Number
11173652 (England and Wales)
Registered Office
GROUND FLOOR 14 DANBURY MEWS MANOR ROAD WALLINGTON SM6 0BY UNITED KINGDOM
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DR ALLOY LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
250 
250 
Debtors
1,935 
1,675 
Cash at bank and in hand
2,720 
229 
4,905 
2,154 
Creditors: amounts falling due within one year
(18,871)
(34,948)
Net current liabilities
(13,966)
(32,794)
Net liabilities
(13,966)
(32,794)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,066)
(32,894)
Shareholders' funds
(13,966)
(32,794)
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 9 May 2023 and were signed on its behalf by
T Copland Director Company Registration No. 11173652
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DR ALLOY LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
DR ALLOY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11173652. The registered office is GROUND FLOOR 14 DANBURY MEWS, MANOR ROAD, WALLINGTON, SM6 0BY, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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 assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets by £13,966 (2022 - £32,794). The company continues to obtain profitable sales and the directors are confident of a return to solvency in the foreseeable future. In the circumstances, these financial statements have been prepared on a going concern basis.
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DR ALLOY LIMITED Notes to the Accounts for the year ended 31 January 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,935 
1,675 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,373 
15,102 
Taxes and social security
1,951 
5,047 
Other creditors
1,261 
- 
Loans from directors
3,486 
13,999 
Accruals
800 
800 
18,871 
34,948 
6
Transactions with related parties
Messrs. T and T.S Copland and S Holden are the directors of the company and together own 100% of the issued share capital. At the balance sheet date, the company owed the directors £3,486 (2022 - £13,999).
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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