Registered number
05177980
Dillamores Furnishers Limited
Filleted Accounts
31 October 2023
Dillamores Furnishers Limited
Registered number: 05177980
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,388 2,617
Current assets
Stocks 28,000 35,000
Debtors 4 3,746 13,683
Cash at bank and in hand 5,014 7,199
36,760 55,882
Creditors: amounts falling due within one year 5 (19,698) (25,939)
Net current assets 17,062 29,943
Net assets 19,450 32,560
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,350 32,460
Shareholders' funds 19,450 32,560
The director is 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 director acknowledges his 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.
…………………………………….
I R Dillamore
Director
Approved by the board on 21 November 2023
Dillamores Furnishers Limited
Notes to the Accounts
for the year ended 31 October 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:
Fixtures and fittings 33% reducing balance
Equipment 33% reducing balance
Motor Vehicles 25% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 771 6,742 16,569 24,082
Additions - 764 - 764
At 31 October 2023 771 7,506 16,569 24,846
Depreciation
At 1 November 2022 771 5,719 14,975 21,465
Charge for the year - 595 398 993
At 31 October 2023 771 6,314 15,373 22,458
Net book value
At 31 October 2023 - 1,192 1,196 2,388
At 31 October 2022 - 1,023 1,594 2,617
4 Debtors 2023 2022
£ £
Trade debtors 1,450 9,210
Director's account 1,269 1,900
Other debtors 1,027 2,573
3,746 13,683
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,470 7,833
Trade creditors 4,556 8,709
Taxation and social security costs 7,368 8,094
Other creditors 1,304 1,303
19,698 25,939
6 Other information
Dillamores Furnishers Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Beds
LU7 2LX
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