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REGISTERED NUMBER: 05395929 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DB ADS LTD

DB ADS LTD (REGISTERED NUMBER: 05395929)






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


DB ADS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr D Bartle





SECRETARY: Mrs A C Bartle





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 05395929 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

DB ADS LTD (REGISTERED NUMBER: 05395929)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,697 2,527

CURRENT ASSETS
Debtors 5 20,795 18,647
Cash at bank 22,852 48,475
43,647 67,122
CREDITORS
Amounts falling due within one year 6 21,624 24,306
NET CURRENT ASSETS 22,023 42,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,720

45,343

CREDITORS
Amounts falling due after more than one
year

7

(24,805

)

(28,497

)

PROVISIONS FOR LIABILITIES (702 ) (480 )
NET ASSETS 213 16,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113 16,266
SHAREHOLDERS' FUNDS 213 16,366

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 director acknowledges his 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.

DB ADS LTD (REGISTERED NUMBER: 05395929)

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 director and authorised for issue on 2 November 2023 and were signed by:





Mr D Bartle - Director


DB ADS LTD (REGISTERED NUMBER: 05395929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

DB Ads 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.

Turnover
Work done 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.
Equipment - 25% on reducing balance
Motor vehicle - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

DB ADS LTD (REGISTERED NUMBER: 05395929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicle Totals
£    £    £   
COST
At 1 April 2022 329 7,688 8,017
Additions 2,403 - 2,403
At 31 March 2023 2,732 7,688 10,420
DEPRECIATION
At 1 April 2022 82 5,408 5,490
Charge for year 663 570 1,233
At 31 March 2023 745 5,978 6,723
NET BOOK VALUE
At 31 March 2023 1,987 1,710 3,697
At 31 March 2022 247 2,280 2,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,060 18,144
Other debtors 5 -
Director's current account 3,215 -
Prepayments & accrued income 515 503
20,795 18,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,670 3,584
Trade creditors 12,436 11,194
Corporation tax 2,520 4,525
VAT 1,446 2,105
Other creditors 42 42
Director's current account - 1,401
Accrued expenses 1,510 1,455
21,624 24,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-10 years 24,805 28,497

DB ADS LTD (REGISTERED NUMBER: 05395929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan 28,475 32,081

The Bounce Back Loan is secured by the UK government.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D Bartle
Balance outstanding at start of year (1,401 ) (4,155 )
Amounts advanced 63,398 8,263
Amounts repaid (58,782 ) (5,509 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,215 (1,401 )