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REGISTERED NUMBER: 07773151 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

DRAGON CONVEYOR LTD

DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAGON CONVEYOR LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Bower
N Bennett
Mrs P Bower





SECRETARY: Mrs P Bower





REGISTERED OFFICE: 457A Richmond Road
Sheffield
South Yorkshire
S13 8LW





REGISTERED NUMBER: 07773151 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,185 3,981

CURRENT ASSETS
Stocks 800 3,600
Debtors 5 31,746 12,744
Cash at bank and in hand 97,466 87,314
130,012 103,658
CREDITORS
Amounts falling due within one year 6 39,331 22,097
NET CURRENT ASSETS 90,681 81,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,866

85,542

PROVISIONS FOR LIABILITIES 429 415
NET ASSETS 93,437 85,127

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 93,287 84,977
SHAREHOLDERS' FUNDS 93,437 85,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:




G Bower - Director N Bennett - Director




Mrs P Bower - Director


DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dragon Conveyor Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the invoiced value of stokers and ancillary components for large scale boiler systems, excluding value added tax. Turnover is recognised upon despatch of the products.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks, which comprises large scale boiler system components, are valued at cost. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DRAGON CONVEYOR LTD (REGISTERED NUMBER: 07773151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 7,591 22,655 1,318 31,564
DEPRECIATION
At 1 April 2022 6,064 20,465 1,054 27,583
Charge for year 305 438 53 796
At 31 March 2023 6,369 20,903 1,107 28,379
NET BOOK VALUE
At 31 March 2023 1,222 1,752 211 3,185
At 31 March 2022 1,527 2,190 264 3,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 31,746 12,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 14,172 5,960
Corporation tax 14,164 4,265
VAT 1,857 3,074
Directors' current accounts 7,838 7,498
Accrued expenses 1,300 1,300
39,331 22,097