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Company Registration No. 08311038 (England and Wales)
Dictation Machines Limited Unaudited accounts for the year ended 31 March 2023
Dictation Machines Limited Unaudited accounts Contents
Page
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Dictation Machines Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,470 
1,730 
Current assets
Inventories
1,540 
1,540 
Debtors
1,381 
3,152 
Cash at bank and in hand
24,979 
33,866 
27,900 
38,558 
Creditors: amounts falling due within one year
(11,137)
(16,651)
Net current assets
16,763 
21,907 
Net assets
18,233 
23,637 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
18,231 
23,635 
Shareholders' funds
18,233 
23,637 
For the year ending 31 March 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 director acknowledges his 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 18 October 2023 and were signed on its behalf by
Ian Price Director Company Registration No. 08311038
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Dictation Machines Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Dictation Machines Limited is a private company, limited by shares, registered in England and Wales, registration number 08311038. The registered office is 1 Nursery Croft, Lichfield, Staffordshire, WS13 7DY.
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
15% reducing balance
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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Dictation Machines Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
3,742 
At 31 March 2023
3,742 
Depreciation
At 1 April 2022
2,012 
Charge for the year
260 
At 31 March 2023
2,272 
Net book value
At 31 March 2023
1,470 
At 31 March 2022
1,730 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,381 
3,152 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,109 
1,894 
Trade creditors
97 
- 
Taxes and social security
3,016 
6,172 
Loans from directors
15 
185 
Accruals
6,900 
8,400 
11,137 
16,651 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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