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REGISTERED NUMBER: 09085700 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DBDPLAY LTD

DBDPLAY LTD (REGISTERED NUMBER: 09085700)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DBDPLAY LTD

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: E J Webb
Mrs R S Webb



REGISTERED OFFICE: 1 Pegasus Way
Bowerhill
Melksham
Wiltshire
SN12 6TR



REGISTERED NUMBER: 09085700 (England and Wales)



ACCOUNTANTS: Graham Barber Accountancy Limited
4 Beaufort West
Bath
BA1 6QB



BANKERS: Barclays Bank plc
Bristol and North Somerset Group
Bristol

DBDPLAY LTD (REGISTERED NUMBER: 09085700)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 29,643 -
Tangible assets 5 134,140 73,461
163,783 73,461

CURRENT ASSETS
Stocks 95,992 104,270
Debtors 253,981 147,882
Cash at bank 69,200 19,835
419,173 271,987
CREDITORS
Amounts falling due within one year (472,887 ) (276,405 )
NET CURRENT LIABILITIES (53,714 ) (4,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,069

69,043

CREDITORS
Amounts falling due after more than one
year

6

(66,966

)

(59,871

)

PROVISIONS FOR LIABILITIES (8,000 ) -
NET ASSETS 35,103 9,172

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,003 9,072
35,103 9,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DBDPLAY LTD (REGISTERED NUMBER: 09085700)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




Mrs R S Webb - Director



E J Webb - Director


DBDPLAY LTD (REGISTERED NUMBER: 09085700)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

DBDPLAY LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised over its estimated useful life being written off at the rate of 15% per year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

DBDPLAY LTD (REGISTERED NUMBER: 09085700)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 32,739
At 31 December 2023 32,739
AMORTISATION
Amortisation for year 3,096
At 31 December 2023 3,096
NET BOOK VALUE

At 31 December 2023 29,643

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 123,715
Additions 87,783
At 31 December 2023 211,498
DEPRECIATION
At 1 January 2023 50,254
Charge for year 27,104
At 31 December 2023 77,358
NET BOOK VALUE
At 31 December 2023 134,140
At 31 December 2022 73,461

DBDPLAY LTD (REGISTERED NUMBER: 09085700)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 7,708 13,413

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 43,126 18,174

Hire purchase borrowings are secured on the assets subject to the HP finance.

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments under non-cancellable operating leases of £58,582 (2022 £44,882) at the year end. Outstanding pension commitments at the year end were £1,455 (2022 £1,212).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

EJ & RS Webb lent the company £20,000 during 2021 which is being repaid with interest at a commercial rate over 6 years. The amount outstanding at the year end was £12,656 (2022 £15,803).

10. RELATED PARTY DISCLOSURES

Loan outstanding to Victorelo Limited at the year end £32,476 (2022 £nil). Victorelo Limited is a company under common control.