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REGISTERED NUMBER: 07859779 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DRAGONROSE THE METAL POLISHING COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr MW Skinner
Mr DM Hawkins





REGISTERED OFFICE: 3 Lewisher Road
Troon Industrial Estate
Leicester
Leicestershire
LE4 9LR





REGISTERED NUMBER: 07859779 (England and Wales)

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,863 38,895

CURRENT ASSETS
Stocks 1,000 800
Debtors 5 49,736 61,254
Cash at bank and in hand 9,563 8,229
60,299 70,283
CREDITORS
Amounts falling due within one year 6 54,327 76,141
NET CURRENT ASSETS/(LIABILITIES) 5,972 (5,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,835

33,037

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(12,500

)

PROVISIONS FOR LIABILITIES (3,743 ) (3,240 )
NET ASSETS 31,592 17,297

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 30,592 16,297
SHAREHOLDERS' FUNDS 31,592 17,297

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.

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

STATEMENT OF FINANCIAL POSITION - 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.

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 8 April 2024 and were signed on its behalf by:




Mr MW Skinner - Director



Mr DM Hawkins - Director


DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Dragonrose The Metal Polishing Company Limited 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.

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 represents net invoiced sales of services, excluding value added tax. Income is recognised on completion of the work.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 176,713 2,000 5,338 184,051
Additions 3,318 688 824 4,830
At 31 December 2023 180,031 2,688 6,162 188,881
DEPRECIATION
At 1 January 2023 139,642 956 4,558 145,156
Charge for year 6,058 260 544 6,862
At 31 December 2023 145,700 1,216 5,102 152,018
NET BOOK VALUE
At 31 December 2023 34,331 1,472 1,060 36,863
At 31 December 2022 37,071 1,044 780 38,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,736 61,254

DRAGONROSE THE METAL POLISHING COMPANY
LIMITED (REGISTERED NUMBER: 07859779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 9,709 23,053
Taxation and social security 36,586 45,463
Other creditors 3,032 2,625
54,327 76,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,500 12,500