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
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
DANTONE ELECTRICAL LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
55,419
49,645
Inventories
110,304
98,796
Cash at bank and in hand
850
349
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
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
DANTONE ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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 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.
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
At 28 February 2023
400
79,976
80,376
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
At 28 February 2023
340
55,079
55,419
At 28 February 2022
-
49,645
49,645
Amounts falling due within one year
Trade debtors
373,705
223,626
Other debtors
47,787
30,336
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,242
8,333
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
Loans from directors
70,989
135,591
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,152
19,137
8
Average number of employees
During the year the average number of employees was 5 (2022: 6).