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Company Registration No. 06256404 (England and Wales)
DANTONE ELECTRICAL LIMITED Unaudited accounts for the year ended 28 February 2023
DANTONE ELECTRICAL LIMITED Unaudited accounts Contents
Page
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DANTONE ELECTRICAL LIMITED Company Information for the year ended 28 February 2023
Director
ANTHONY JOHN GALLAGHER
Company Number
06256404 (England and Wales)
Registered Office
INTERZONE HOUSE 74-77 MAGDALEN ROAD OXFORD OXFORDSHIRE OX4 1RE
Accountants
Marshes CPA LLP Interzone House 74-77 Magdalen Road OXFORD Oxfordshire OX4 IRE
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DANTONE ELECTRICAL LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,419 
49,645 
Current assets
Inventories
110,304 
98,796 
Debtors
421,492 
253,962 
Cash at bank and in hand
850 
349 
532,646 
353,107 
Creditors: amounts falling due within one year
(508,908)
(340,933)
Net current assets
23,738 
12,174 
Total assets less current liabilities
79,157 
61,819 
Creditors: amounts falling due after more than one year
(33,837)
(53,465)
Provisions for liabilities
Deferred tax
(1,400)
- 
Net assets
43,920 
8,354 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
43,918 
8,352 
Shareholders' funds
43,920 
8,354 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
ANTHONY JOHN GALLAGHER Director Company Registration No. 06256404
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DANTONE ELECTRICAL LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
DANTONE ELECTRICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06256404. The registered office is INTERZONE HOUSE, 74-77 MAGDALEN ROAD, OXFORD, OXFORDSHIRE, OX4 1RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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DANTONE ELECTRICAL LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
79,976 
79,976 
Additions
400 
- 
400 
At 28 February 2023
400 
79,976 
80,376 
Depreciation
At 1 March 2022
- 
30,331 
30,331 
Charge for the year
60 
13,770 
13,830 
Surplus on revaluation
- 
(19,204)
(19,204)
At 28 February 2023
60 
24,897 
24,957 
Net book value
At 28 February 2023
340 
55,079 
55,419 
At 28 February 2022
- 
49,645 
49,645 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
373,705 
223,626 
Other debtors
47,787 
30,336 
421,492 
253,962 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,242 
8,333 
VAT
51,603 
22,948 
Obligations under finance leases and hire purchase contracts
9,984 
9,984 
Trade creditors
319,549 
153,021 
Taxes and social security
29,331 
10,493 
Other creditors
- 
3 
Loans from directors
70,989 
135,591 
Accruals
210 
560 
508,908 
340,933 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,685 
34,328 
Obligations under finance leases and hire purchase contracts
9,152 
19,137 
33,837 
53,465 
8
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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