Registered number
10628068
Dandelion Stationery Ltd
Filleted Accounts
31 March 2023
Dandelion Stationery Ltd
Registered number: 10628068
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 522,265 503,044
Current assets
Stocks 74,861 74,114
Debtors 4 64,776 72,992
Cash at bank and in hand 6,834 4,840
146,471 151,946
Creditors: amounts falling due within one year 5 (59,076) (63,028)
Net current assets 87,395 88,918
Total assets less current liabilities 609,660 591,962
Creditors: amounts falling due after more than one year 6 (267,676) (254,937)
Net assets 341,984 337,025
Capital and reserves
Called up share capital 2 2
Profit and loss account 341,982 337,023
Shareholders' funds 341,984 337,025
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Wilson
Director
Approved by the board on 19 October 2023
Dandelion Stationery Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 100 years
Leasehold land and buildings over the lease term
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 502,801 25,519 - 528,320
Additions 567 2,988 33,610 37,165
At 31 March 2023 503,368 28,507 33,610 565,485
Depreciation
At 1 April 2022 8,544 16,732 - 25,276
Charge for the year 5,034 4,507 8,403 17,944
At 31 March 2023 13,578 21,239 8,403 43,220
Net book value
At 31 March 2023 489,790 7,268 25,207 522,265
At 31 March 2022 494,257 8,787 - 503,044
4 Debtors 2023 2022
£ £
Trade debtors 60,131 56,913
Other debtors 4,645 16,079
64,776 72,992
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,437 20,132
Obligations under finance lease and hire purchase contracts 4,283 -
Trade creditors 9,370 3,276
Taxation and social security costs 17,203 1,950
Other creditors 2,783 37,670
59,076 63,028
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 181,120 196,737
Obligations under finance lease and hire purchase contracts 28,956 -
Other creditors 57,600 58,200
267,676 254,937
7 Controlling party
The company is controlled by the directors by virute of their shareholding.
8 Other information
Dandelion Stationery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73 Derby Road
Melbourne
Derby
Derbyshire
DE73 8FE
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