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Company Registration No. 12269275 (England and Wales)
DOOR 57 LTD Unaudited accounts for the year ended 31 October 2022
DOOR 57 LTD Unaudited accounts Contents
Page
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DOOR 57 LTD Company Information for the year ended 31 October 2022
Director
Ann Willows
Company Number
12269275 (England and Wales)
Registered Office
15 Stainsborough Road Hucknall Nottingham Nottinghamshire NG15 6TT
Accountants
Taylor Accountancy Ltd 2 Lynmoor Court Hucknall Nottingham NG15 8FT
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DOOR 57 LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,932 
22,562 
Current assets
Inventories
1,745 
1,678 
Cash at bank and in hand
17,574 
14,601 
19,319 
16,279 
Creditors: amounts falling due within one year
(11,332)
(12,443)
Net current assets
7,987 
3,836 
Total assets less current liabilities
24,919 
26,398 
Creditors: amounts falling due after more than one year
(16,936)
(17,396)
Net assets
7,983 
9,002 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,883 
8,902 
Shareholders' funds
7,983 
9,002 
For the year ending 31 October 2022 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 director acknowledges her 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 and authorised for issue on 27 October 2023 and were signed on its behalf by
Ann Willows Director Company Registration No. 12269275
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DOOR 57 LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
DOOR 57 LTD is a private company, limited by shares, registered in England and Wales, registration number 12269275. The registered office is 15 Stainsborough Road, Hucknall, Nottingham, Nottinghamshire, NG15 6TT.
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:
Fixtures & fittings
30% reducing balance
Computer equipment
30% reducing balance
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.
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.
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DOOR 57 LTD Notes to the Accounts for the year ended 31 October 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
45,033 
1,010 
46,043 
Additions
1,627 
- 
1,627 
At 31 October 2022
46,660 
1,010 
47,670 
Depreciation
At 1 November 2021
22,967 
514 
23,481 
Charge for the year
7,108 
149 
7,257 
At 31 October 2022
30,075 
663 
30,738 
Net book value
At 31 October 2022
16,585 
347 
16,932 
At 31 October 2021
22,066 
496 
22,562 
5
Inventories
2022 
2021 
£ 
£ 
Raw materials
1,745 
1,678 
1,745 
1,678 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,120 
5,520 
VAT
2,746 
1,193 
Trade creditors
1,612 
- 
Taxes and social security
1,094 
- 
Loans from directors
- 
4,047 
Accruals
2,760 
1,683 
11,332 
12,443 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
16,936 
17,396 
8
Share capital
2022 
2021 
£ 
£ 
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 2 (2021: 2).
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