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
D & D DRYLINING (LINCOLN) LIMITED
Company Information
for the year ended 30 September 2023
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
D & D DRYLINING (LINCOLN) LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
2,816
3,519
Cash at bank and in hand
4,386
5,671
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)
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
D & D DRYLINING (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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 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.
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
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
At 30 September 2023
2,134
682
2,816
At 30 September 2022
2,667
852
3,519
Amounts falling due within one year
Other debtors
7,112
19,993
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
Trade creditors
1,869
4,680
Taxes and social security
6,064
5,326
Deferred income
7,112
19,993
7
Creditors: amounts falling due after more than one year
2023
2022
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.
D & D DRYLINING (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured loan
21,664
-
3,479
18,185
10
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).