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Company Registration No. 03788620 (England and Wales)
Dominic Schuster Limited Unaudited accounts for the year ended 31 July 2023
Dominic Schuster Limited Unaudited accounts Contents
Page
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Dominic Schuster Limited Company Information for the year ended 31 July 2023
Directors
Dominic Schuster Tamara Schuster
Company Number
03788620 (England and Wales)
Registered Office
Lindford Farm Lindford Road Lindford Bordon Hampshire GU35 0NX England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Dominic Schuster Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,945 
28,031 
Current assets
Inventories
15,000 
10,000 
Debtors
274,506 
50,717 
Cash at bank and in hand
119 
24,052 
289,625 
84,769 
Creditors: amounts falling due within one year
(220,446)
(61,758)
Net current assets
69,179 
23,011 
Total assets less current liabilities
91,124 
51,042 
Creditors: amounts falling due after more than one year
(22,406)
(32,220)
Provisions for liabilities
Deferred tax
(4,170)
(5,326)
Net assets
64,548 
13,496 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,448 
13,396 
Shareholders' funds
64,548 
13,496 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Dominic Schuster Director Company Registration No. 03788620
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Dominic Schuster Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Dominic Schuster Limited is a private company, limited by shares, registered in England and Wales, registration number 03788620. The registered office is Lindford Farm Lindford Road, Lindford, Bordon, Hampshire, GU35 0NX, England.
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
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Dominic Schuster Limited Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
62,809 
21,250 
4,864 
- 
88,923 
Additions
- 
- 
- 
1,166 
1,166 
At 31 July 2023
62,809 
21,250 
4,864 
1,166 
90,089 
Depreciation
At 1 August 2022
40,744 
16,207 
3,941 
- 
60,892 
Charge for the year
5,516 
1,262 
231 
243 
7,252 
At 31 July 2023
46,260 
17,469 
4,172 
243 
68,144 
Net book value
At 31 July 2023
16,549 
3,781 
692 
923 
21,945 
At 31 July 2022
22,065 
5,043 
923 
- 
28,031 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
86,275 
33,693 
Accrued income and prepayments
173,093 
9,643 
Other debtors
9,709 
7,381 
269,077 
50,717 
Amounts falling due after more than one year
Other debtors
5,429 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
27,269 
9,711 
Trade creditors
155,534 
18,052 
Taxes and social security
36,768 
29,307 
Other creditors
71 
76 
Loans from directors
4 
45 
Accruals
800 
4,567 
220,446 
61,758 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,406 
32,220 
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Dominic Schuster Limited Notes to the Accounts for the year ended 31 July 2023
8
Loans to directors
The above loan has been provided interest free with no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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