Company registration number 04552185 (England and Wales)
DARREN DAVIES FLOORING CONTRACTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DARREN DAVIES FLOORING CONTRACTORS LTD
COMPANY INFORMATION
Director
Mr D Davies
Secretary
Company number
04552185
Registered office
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
United Kingdom
HA4 6BP
Accountants
Koshal Associates (Chartered Accountants)
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
United Kingdom
HA4 6BP
DARREN DAVIES FLOORING CONTRACTORS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DARREN DAVIES FLOORING CONTRACTORS LTD
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
124,486
127,279
Current assets
Stocks
2,500
2,500
Debtors
4
155,710
127,638
Cash at bank and in hand
417,442
247,486
575,652
377,624
Creditors: amounts falling due within one year
5
(72,449)
(37,488)
Net current assets
503,203
340,136
Net assets
627,689
467,415
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
627,688
467,414
Total equity
627,689
467,415
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 October 2023
Mr D Davies
Director
Company registration number 04552185 (England and Wales)
DARREN DAVIES FLOORING CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Darren Davies Flooring Contractors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Gautam House, 1-3 Shenley Avenue, Ruislip Manor, Middlesex, United Kingdom, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Plant and equipment
-25% on reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
DARREN DAVIES FLOORING CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Tangible fixed assets
Improvements to property
Plant and equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
116,106
26,484
142,590
Depreciation and impairment
At 1 April 2022
15,311
15,311
Depreciation charged in the year
2,793
2,793
At 31 March 2023
18,104
18,104
Carrying amount
At 31 March 2023
116,106
8,380
124,486
At 31 March 2022
116,106
11,173
127,279
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
155,710
127,638
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
66,065
42,542
Other taxation and social security
3,634
(7,054)
Other creditors
2,750
2,000
72,449
37,488