IRIS Accounts Production v23.3.1.45 07538968 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075389682022-02-28075389682023-02-28075389682022-03-012023-02-28075389682021-02-28075389682021-03-012022-02-28075389682022-02-2807538968ns10:Originalns15:EnglandWales2022-03-012023-02-2807538968ns14:PoundSterlingns10:Original2022-03-012023-02-2807538968ns10:Originalns10:Director12022-03-012023-02-2807538968ns10:Original2022-03-012023-02-2807538968ns10:Original2023-02-2807538968ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807538968ns10:Originalns10:SmallEntities2022-03-012023-02-2807538968ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807538968ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807538968ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807538968ns10:Originalns10:FullAccounts2022-03-012023-02-2807538968ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807538968ns10:Original2022-02-2807538968ns10:Originalns5:CurrentFinancialInstruments2023-02-2807538968ns10:Originalns5:CurrentFinancialInstruments2022-02-2807538968ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807538968ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807538968ns5:ShareCapitalns10:Original2023-02-2807538968ns5:ShareCapitalns10:Original2022-02-2807538968ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807538968ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807538968ns10:Originalns5:PlantMachinery2022-03-012023-02-2807538968ns10:Original2021-03-012022-02-2807538968ns10:Originalns5:PlantMachinery2022-02-2807538968ns10:Originalns5:PlantMachinery2023-02-2807538968ns10:Originalns5:PlantMachinery2022-02-2807538968ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807538968ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 07538968 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DPI SIGNS AND PRINTING LTD

DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DPI SIGNS AND PRINTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: L Oakes





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 07538968 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,178 23,143

CURRENT ASSETS
Stocks 9,500 -
Debtors 5 10,700 13,618
Cash at bank and in hand 4,034 15,663
24,234 29,281
CREDITORS
Amounts falling due within one year 6 15,431 12,605
NET CURRENT ASSETS 8,803 16,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,981

39,819

CREDITORS
Amounts falling due after more than one
year

7

(31,728

)

(37,298

)

PROVISIONS FOR LIABILITIES (2,884 ) (4,027 )
NET ASSETS/(LIABILITIES) 369 (1,506 )

CAPITAL AND RESERVES
Called up and paid share capital 1 1
Retained earnings 368 (1,507 )
SHAREHOLDERS' FUNDS 369 (1,506 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





L Oakes - Director


DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

DPI Signs and Printing 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.

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.

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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

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.

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from its bankers and creditors for a period of at least 12 months from the date of these financial statements. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 40,304
Additions 12,033
At 28 February 2023 52,337
DEPRECIATION
At 1 March 2022 17,161
Charge for year 8,998
At 28 February 2023 26,159
NET BOOK VALUE
At 28 February 2023 26,178
At 28 February 2022 23,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,046 2,198
Other debtors 9,654 11,420
10,700 13,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,504 2,222
Hire purchase contracts 3,349 3,349
Taxation and social security 1,595 3,037
Other creditors 7,983 3,997
15,431 12,605

DPI SIGNS AND PRINTING LTD (REGISTERED NUMBER: 07538968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,256 16,478
Hire purchase contracts 17,472 20,820
31,728 37,298

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,367 7,589

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest.
Amounts advanced during the year were £8,494 (2022: £4,326) and repayments amounted to £4,326
(2022:£nil). At the year end the amount owing to the company was £8,494 (2022: £4,326).