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Company Registration No. 10956376 (England and Wales)
D & D DRYLINING (LINCOLN) LIMITED Unaudited accounts for the year ended 30 September 2023
D & D DRYLINING (LINCOLN) LIMITED Unaudited accounts Contents
Page
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D & D DRYLINING (LINCOLN) LIMITED Company Information for the year ended 30 September 2023
Director
Daniel Stimpson
Company Number
10956376 (England and Wales)
Registered Office
111 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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D & D DRYLINING (LINCOLN) LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,816 
3,519 
Current assets
Debtors
32,553 
48,901 
Cash at bank and in hand
4,386 
5,671 
36,939 
54,572 
Creditors: amounts falling due within one year
(18,705)
(34,990)
Net current assets
18,234 
19,582 
Total assets less current liabilities
21,050 
23,101 
Creditors: amounts falling due after more than one year
(21,000)
(23,000)
Net assets
50 
101 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
40 
91 
Shareholders' funds
50 
101 
For the year ending 30 September 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 1 February 2024 and were signed on its behalf by
Daniel Stimpson Director Company Registration No. 10956376
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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
D & D DRYLINING (LINCOLN) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10956376. The registered office is 111 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
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.
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.
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:
Plant & machinery
20% Reducing balance
Computer equipment
20% Reducing balance
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.
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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
7,565 
2,600 
10,165 
At 30 September 2023
7,565 
2,600 
10,165 
Depreciation
At 1 October 2022
4,898 
1,748 
6,646 
Charge for the year
533 
170 
703 
At 30 September 2023
5,431 
1,918 
7,349 
Net book value
At 30 September 2023
2,134 
682 
2,816 
At 30 September 2022
2,667 
852 
3,519 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
960 
- 
Trade debtors
6,296 
7,244 
Other debtors
7,112 
19,993 
14,368 
27,237 
Amounts falling due after more than one year
Other debtors
18,185 
21,664 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
- 
1,331 
Trade creditors
1,869 
4,680 
Taxes and social security
6,064 
5,326 
Accruals
660 
660 
Deferred income
7,112 
19,993 
18,705 
34,990 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,000 
23,000 
The repayment schedule for the bounce back loan has commenced with an extended term of 120 months attracting an interest rate of 2.5% pa. Personal guarantees have not been requested by the funding facility and a Government support guarantee is in place.
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D & D DRYLINING (LINCOLN) LIMITED Notes to the Accounts for the year ended 30 September 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Daniel Stimpson
Unsecured loan
21,664 
- 
3,479 
18,185 
21,664 
- 
3,479 
18,185 
10
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Daniel Stimpson
Unsecured Loan
- 
- 
- 
- 
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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