1 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 293 1,223 1,516 73 361 434 1,082 220 xbrli:pure xbrli:shares iso4217:GBP 13391780 2022-06-01 2023-05-31 13391780 2023-05-31 13391780 2022-05-31 13391780 2021-05-12 2022-05-31 13391780 2022-05-31 13391780 bus:Director1 2022-06-01 2023-05-31 13391780 core:WithinOneYear 2023-05-31 13391780 core:WithinOneYear 2022-05-31 13391780 core:ShareCapital 2023-05-31 13391780 core:ShareCapital 2022-05-31 13391780 core:RetainedEarningsAccumulatedLosses 2023-05-31 13391780 core:RetainedEarningsAccumulatedLosses 2022-05-31 13391780 bus:SmallEntities 2022-06-01 2023-05-31 13391780 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13391780 bus:FullAccounts 2022-06-01 2023-05-31 13391780 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13391780 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13391780 core:OfficeEquipment 2022-06-01 2023-05-31 13391780 core:OfficeEquipment 2022-05-31 13391780 core:OfficeEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 13391780
DLE Supply Chain Solutions Ltd
Filleted Unaudited Financial Statements
31 May 2023
DLE Supply Chain Solutions Ltd
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,082
220
Current assets
Debtors
6
68
231
Cash at bank and in hand
222,019
153,536
---------
---------
222,087
153,767
Creditors: amounts falling due within one year
7
39,799
48,399
---------
---------
Net current assets
182,288
105,368
---------
---------
Total assets less current liabilities
183,370
105,588
---------
---------
Net assets
183,370
105,588
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
183,369
105,587
---------
---------
Shareholders funds
183,370
105,588
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DLE Supply Chain Solutions Ltd
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 15 November 2023 , and are signed on behalf of the board by:
D E Edwards
Director
Company registration number: 13391780
DLE Supply Chain Solutions Ltd
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cedar Tree House, Withybed Lane, Inkberrow, Worcestershire, WR7 4JL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 June 2022
293
Additions
1,223
-------
At 31 May 2023
1,516
-------
Depreciation
At 1 June 2022
73
Charge for the year
361
-------
At 31 May 2023
434
-------
Carrying amount
At 31 May 2023
1,082
-------
At 31 May 2022
220
-------
6. Debtors
2023
2022
£
£
Other debtors
68
231
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
577
Corporation tax
37,819
33,646
Social security and other taxes
11,144
Other creditors
1,980
3,032
--------
--------
39,799
48,399
--------
--------
8. Director's advances, credits and guarantees