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REGISTERED NUMBER: 04708731 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

D & B TECHNICAL SYSTEMS LIMITED

D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & B TECHNICAL SYSTEMS LIMITED

Company Information
for the year ended 30 April 2023







Directors: Mr D J Ling
Mrs A Ling





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 04708731 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,645 16,475

Current assets
Debtors 5 64,533 49,756
Cash at bank 21,374 49,293
85,907 99,049
Creditors
Amounts falling due within one year 6 33,913 35,919
Net current assets 51,994 63,130
Total assets less current liabilities 66,639 79,605

Creditors
Amounts falling due after more than one
year

7

(1,774

)

(5,321

)

Provisions for liabilities 8 (2,783 ) (3,130 )
Net assets 62,082 71,154

Capital and reserves
Called up share capital 9 2 2
Retained earnings 62,080 71,152
Shareholders' funds 62,082 71,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:



Mr D J Ling - Director


D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

D & B Technical Systems Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. Employees and directors

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

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2022
and 30 April 2023 1,622 21,966 600 24,188
Depreciation
At 1 May 2022 1,621 5,492 600 7,713
Charge for year - 1,830 - 1,830
At 30 April 2023 1,621 7,322 600 9,543
Net book value
At 30 April 2023 1 14,644 - 14,645
At 30 April 2022 1 16,474 - 16,475

D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2022
and 30 April 2023 21,966
Depreciation
At 1 May 2022 5,492
Charge for year 1,830
At 30 April 2023 7,322
Net book value
At 30 April 2023 14,644
At 30 April 2022 16,474

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 27,002 5,916
Other debtors 37,531 43,840
64,533 49,756

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 3,547 3,547
Trade creditors 15,022 11,218
Taxation and social security 12,942 20,089
Other creditors 2,402 1,065
33,913 35,919

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 1,774 5,321

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,783 3,130

D & B TECHNICAL SYSTEMS LIMITED (REGISTERED NUMBER: 04708731)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 May 2022 3,130
Provided during year (347 )
Balance at 30 April 2023 2,783

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 April 2023 and the period ended 30 April 2022:

2023 2022
£    £   
Mr D J Ling
Balance outstanding at start of year 3,843 (718 )
Amounts advanced 79,833 102,439
Amounts repaid (84,751 ) (97,878 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,075 ) 3,843