Registered number
10054937
DSR Quantity Surveying Ltd
Abbreviated Accounts
28 February 2023
DSR Quantity Surveying Ltd
Registered number: 10054937
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 63,911 32,334
Current assets
Debtors 4 94,153 96,022
Cash at bank and in hand 21,271 40,236
115,424 136,258
Creditors: amounts falling due within one year 5 (45,184) (34,314)
Net current assets 70,240 101,944
Total assets less current liabilities 134,151 134,278
Creditors: amounts falling due after more than one year 6 (50,000) (64,000)
Net assets 84,151 70,278
Capital and reserves
Called up share capital 103 103
Profit and loss account 84,048 70,175
Shareholders' funds 84,151 70,278
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.
D Rosbotham
Director
Approved by the board on 14 November 2023
DSR Quantity Surveying Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 40,417
Additions 47,575
At 28 February 2023 87,992
Depreciation
At 1 March 2022 8,083
Charge for the year 15,998
At 28 February 2023 24,081
Net book value
At 28 February 2023 63,911
At 28 February 2022 32,334
4 Debtors 2023 2022
£ £
Trade debtors 11,000 8,600
Amounts owed by group undertakings and undertakings in which the company has a participating interest 83,153 83,153
Other debtors - 4,269
94,153 96,022
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 14,243 8,198
Corporation tax 30,808 18,709
Other taxes and social security costs 133 405
Other creditors - 7,002
45,184 34,314
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,000 22,000
Obligations under finance lease and hire purchase contracts 28,000 42,000
50,000 64,000
7 Other information
DSR Quantity Surveying Ltd is a private company limited by shares and incorporated in England. Its registered office is:
277 Stockport Road
Ashton u Lyne
Lancashire
OL7 0NT
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