Registered number
SC625937
David Deans Ltd
Unaudited Financial Statements for the period ended
31 March 2023
David Deans Ltd
Registered number: SC625937
Director's Report
The director presents his report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be the sale of fish.
Dividends
No dividend was paid in 2023 (2022 - Nil)
Directors
The following persons served as directors during the year:
David Deans
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 November 2023 and signed on its behalf.
David Deans
Director
David Deans Ltd
Registered number: SC625937
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 24,171 6,023
Current assets
Debtors 4 14,779 13,765
Cash at bank and in hand 3,579 6,238
18,358 20,003
Creditors: amounts falling due within one year 5 (50,116) (39,330)
Net current liabilities (31,758) (19,327)
Total assets less current liabilities (7,587) (13,304)
Creditors: amounts falling due after more than one year 6 (37,425) (19,923)
Net liabilities (45,012) (33,227)
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,112) (33,327)
Shareholder's funds (45,012) (33,227)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 for the period ended 31 March 2023.
The director acknowledges his responsibilities for preparing accounts which give a true and fair view of the state of affairs of the company as at 31 March 2023, and of its profit or loss for the financial year, in accordance with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board on 10 November 2023 and signed on its behalf by:
David Deans
Director
David Deans 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 represents the value, net of value added tax and discounts, in respect of the sale of fish.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets, at rates and on bases calculated to write off the cost, less estimated residual value, of each asset over its expected useful life. The annual depreciation rates and bases are as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Taxation
No provison is made for deferred taxation as in the opinion of the director it is unlikely liability will arise in the foreseeable future.
Going concern
The director is aware of the deficiency in the balance sheet. Post year end he has taken steps to rectify the position. The financial statements are therefore presented on a going concern basis.
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 2,350 10,101 12,451
Additions - 26,205 26,205
At 31 March 2023 2,350 36,306 38,656
Depreciation
At 1 April 2022 588 5,840 6,428
Charge for the year 441 7,616 8,057
At 31 March 2023 1,029 13,456 14,485
Net book value
At 31 March 2023 1,321 22,850 24,171
At 31 March 2022 1,762 4,261 6,023
4 Debtors 2023 2022
£ £
Trade debtors 2,979 647
Director's Loan 8,582 9,900
Section 455 Tax 3,218 3,218
14,779 13,765
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,812 5,812
Other loans and hire purchase contracts less than 1 year 4,811 -
Trade creditors 8,593 1,092
Taxation and social security costs 26,487 28,185
Creditor: Section 455 Tax 3,057 3,218
Other creditors 1,356 1,023
50,116 39,330
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,383 19,923
Other loans and hire purchase contracts more than 1 year 18,042 -
37,425 19,923
7 Controlling party
The controlling party is Mr D Deans by virtue of his ownership of 100% of the issued ordinary Share Capital in the company.
8 Other information
David Deans Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
27 Lindsay Berwick Place
Anstruther
Fife
KY10 3YP
David Deans Ltd SC625937 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 SC625937 2021-04-01 2022-03-31 SC625937 core:WithinOneYear 2022-03-31 SC625937 core:AfterOneYear 2022-03-31 SC625937 core:ShareCapital 2022-03-31 SC625937 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC625937 2022-04-01 2023-03-31 SC625937 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC625937 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC625937 bus:Director1 2022-04-01 2023-03-31 SC625937 core:PlantMachinery 2022-04-01 2023-03-31 SC625937 core:Vehicles 2022-04-01 2023-03-31 SC625937 countries:England 2022-04-01 2023-03-31 SC625937 bus:FRS102 2022-04-01 2023-03-31 SC625937 bus:FullAccounts 2022-04-01 2023-03-31 SC625937 2023-03-31 SC625937 core:WithinOneYear 2023-03-31 SC625937 core:AfterOneYear 2023-03-31 SC625937 core:ShareCapital 2023-03-31 SC625937 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC625937 core:PlantMachinery 2023-03-31 SC625937 core:Vehicles 2023-03-31 SC625937 2022-03-31 SC625937 core:PlantMachinery 2022-03-31 SC625937 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure