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Registered Number: 05045880
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 28 February 2023

for

D.J. POLLARD LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 193,741    196,372 
193,741    196,372 
Current assets      
Stocks 4 300    693 
Debtors 5 200,388    134,477 
Cash at bank and in hand 6,230    5,675 
206,918    140,845 
Creditors: amount falling due within one year 6 (227,644)   (141,826)
Net current liabilities (20,726)   (981)
 
Total assets less current liabilities 173,015    195,391 
Creditors: amount falling due after more than one year 7 (9,027)   (12,026)
Provisions for liabilities 8 (12,974)   (13,474)
Net assets 151,014    169,891 
 

Capital and reserves
     
Called up share capital 9 2    2 
Reserves 10 47,031    47,031 
Profit and loss account 103,981    122,858 
Shareholder's funds 151,014    169,891 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 November 2023 and were signed on its behalf by:


-------------------------------
D J Pollard
Director
1
General Information
D.J. Pollard Limited is a private company, limited by shares, registered in England and Wales, registration number 05045880, registration address Corner Farm, Rodsley, Ashbourne, Derbyshire, DE6 3AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Straight Line
Plant and Machinery 15% Reducing Balance
Computer Equipment 33% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Computer Equipment   Total
  £   £   £   £
At 01 March 2022 180,000    19,000    1,462    200,462 
Additions      
Disposals     (413)   (413)
At 28 February 2023 180,000    19,000    1,049    200,049 
Depreciation
At 01 March 2022   3,109    981    4,090 
Charge for year   2,384    247    2,631 
On disposals     (413)   (413)
At 28 February 2023   5,493    815    6,308 
Net book values
Closing balance as at 28 February 2023 180,000    13,507    234    193,741 
Opening balance as at 01 March 2022 180,000    15,891    481    196,372 


4.

Stocks

2023
£
  2022
£
Raw Materials 300    693 
300    693 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 4,580   
Prepayments & Accrued Income 329    345 
Amounts Recoverable on Contracts 195,221    134,132 
VAT 258   
200,388    134,477 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 9,812    897 
Bank Loans & Overdrafts 2,999    2,951 
Corporation Tax 3,109    745 
PAYE & Social Security 390    696 
Accrued Expenses 89,655    38,744 
Other Creditors 1,409    6,112 
Wages & Salaries Control Account 286   
Directors' Current Accounts 119,984    90,301 
VAT   1,380 
227,644    141,826 
Bank Loans & Overdrafts
Included within the bank loans & overdrafts is the Bounce Back Loan which is 100% Government guaranteed.    

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 9,027    12,026 
9,027    12,026 
Bank Loans & Overdrafts
Included within the bank loans & overdrafts is the Bounce Back Loan which is 100% Government guaranteed.    

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 13,474    11,332 
Charged to Profit & Loss (500)   2,142 
12,974    13,474 

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

10.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 47,031    47,031 
47,031    47,031 

2