Registered Number:12902700 |
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2023
DRBC Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
DRBC Developments Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,112
5,640
2
5,112
5,640
Trade and other receivables |
-
10,695
3
81,173
Cash and cash equivalents |
71
10,766
81,173
Trade and other payables: amounts falling due within one |
year |
(23,967)
(156)
4
57,206
10,610
Net current assets
Total assets less current liabilities |
15,722
62,846
15,722
Net assets
62,846
300
300
15,422
62,546
15,722
62,846
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 03 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2023
DRBC Developments Ltd
Notes to the Financial Statements
Statutory Information
DRBC Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 12902700. |
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Improvements to Property
Fixtures and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
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For the year ended 30 September 2023
DRBC Developments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
7,058
4,058
3,000
3,000
4,058
7,058
Provision for depreciation and impairment |
1,418
1,418
-
Charge for year
528
528
-
1,946
1,946
-
3,000
2,112
5,112
3,000
2,640
5,640
3. Trade and other receivables |
2022
2023
10,695
-
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
-
23,723
156
244
156
23,967
5. Related party transactions |
The director is also a shareholder of the company. Dividends paid to Mr D. Hale, as director and shareholder |
of the company, during the year (with the previous year shown in brackets) were £1,000 (£41,000). |
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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