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 |