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
DOOR 57 LTD
Company Information
for the year ended 31 October 2022
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
DOOR 57 LTD
Statement of financial position
as at 31 October 2022
Tangible assets
16,932
22,562
Cash at bank and in hand
17,574
14,601
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)
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
DOOR 57 LTD
Notes to the Accounts
for the year ended 31 October 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
At 31 October 2022
46,660
1,010
47,670
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
At 31 October 2022
16,585
347
16,932
At 31 October 2021
22,066
496
22,562
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,120
5,520
Taxes and social security
1,094
-
Loans from directors
-
4,047
7
Creditors: amounts falling due after more than one year
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).