Registered number
00678807
Dents Auto Electrical Ltd
Filleted Accounts
31 May 2023
Dents Auto Electrical Ltd
Registered number: 00678807
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,852 20,944
Current assets
Debtors 4 6,594 8,381
Cash at bank and in hand 31,088 28,657
37,682 37,038
Creditors: amounts falling due within one year 5 (9,413) (8,639)
Net current assets 28,269 28,399
Net assets 48,121 49,343
Capital and reserves
Called up share capital 7,000 7,000
Other reserves 500 500
Profit and loss account 40,621 41,843
Shareholders' funds 48,121 49,343
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 S Skeet
Director
Approved by the board on 22 November 2023
Dents Auto Electrical Ltd
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 50 years
Office equipment 15% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 48,317 3,480 51,797
Disposals - (2,596) (2,596)
At 31 May 2023 48,317 884 49,201
Depreciation
At 1 June 2022 27,945 2,908 30,853
Charge for the year 875 63 938
On disposals - (2,442) (2,442)
At 31 May 2023 28,820 529 29,349
Net book value
At 31 May 2023 19,497 355 19,852
At 31 May 2022 20,372 572 20,944
4 Debtors 2023 2022
£ £
Trade debtors 6,071 7,872
Other debtors 523 509
6,594 8,381
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,896 4,745
Other creditors 4,517 3,894
9,413 8,639
6 Loans from directors
Description and conditions B/fwd Received Repaid C/fwd
£ £ £ £
Mr S Skeet
Loan from director 869 446 (129) 1,186
869 446 (129) 1,186
7 Controlling party
The company is controlled by the director by virtue of their shareholding.
8 Other information
Dents Auto Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Granary Wharf Business Park
Wetmore Road
Burton on Trent
Staffordshire
DE14 1DU
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