Registered number
05361238
Dragon Bars Limited
Filleted Accounts
31 July 2023
Dragon Bars Limited
Registered number: 05361238
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,599 11,318
Investments 4 100 100
10,699 11,418
Current assets
Stocks 8,626 9,294
Debtors 5 158,406 163,944
Cash at bank and in hand 155,217 157,385
322,249 330,623
Creditors: amounts falling due within one year 6 (38,580) (49,573)
Net current assets 283,669 281,050
Total assets less current liabilities 294,368 292,468
Creditors: amounts falling due after more than one year 7 (1) (1)
Net assets 294,367 292,467
Capital and reserves
Called up share capital 2 2
Profit and loss account 294,365 292,465
Shareholders' funds 294,367 292,467
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Patrick Piggott
Director
Approved by the board on 12 April 2024
Dragon Bars Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings 5% straight line
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 22
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 44,347 36,414 80,761
Additions - 3,288 3,288
At 31 July 2023 44,347 39,702 84,049
Depreciation
At 1 August 2022 36,902 32,541 69,443
Charge for the year 2,217 1,790 4,007
At 31 July 2023 39,119 34,331 73,450
Net book value
At 31 July 2023 5,228 5,371 10,599
At 31 July 2022 7,445 3,873 11,318
4 Investments
Other
investments
£
Cost
At 1 August 2022 100
At 31 July 2023 100
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 155,154 155,528
Other debtors 3,252 8,416
158,406 163,944
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,582 25,429
Taxation and social security costs 25,431 18,070
Other creditors 4,567 6,074
38,580 49,573
7 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares 1 1
8 Other information
Dragon Bars Limited is a private company limited by shares and incorporated in England. Its registered office is:
71 George Street
Hastings
England
TN34 3EE
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