Registered number
09563819
Deakin-White Limited
Unaudited Filleted Accounts
30 April 2023
Deakin-White Limited
Registered number: 09563819
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 19,251
Current assets
Debtors 4 22,483 10,196
Cash at bank and in hand 92 1,069
22,575 11,265
Creditors: amounts falling due within one year 5 (102,862) (91,275)
Net current liabilities (80,287) (80,010)
Net liabilities (80,287) (60,759)
Capital and reserves
Called up share capital 100 100
Profit and loss account (80,387) (60,859)
Shareholders' funds (80,287) (60,759)
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.
J Harrison
J Harrison
Director
Approved by the board on 17 January 2024
Deakin-White Limited
Notes to the Accounts
for the year ended 30 April 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).
Going concern
Since the year end, the United Kingdom, amongst other countires, have been struct by the Coronavirus (COVID-19) pandemic. Whilst the impact to the company is unquantifiable at present, the directors have considered the financial health of the company along with the various government measures put in place to support businesses through the pandemic and with this in mind, the directors are confident that the company, at the date of signing, will continue as a going concern for the foreseeable future.
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:
Leasehold improvments over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 39,136 25,411 64,547
Additions - (25,411) (25,411)
Disposals (39,136) - (39,136)
At 30 April 2023 - - -
Depreciation
At 1 May 2022 19,885 25,411 45,296
Charge for the year - (25,411) (25,411)
On disposals (19,885) - (19,885)
At 30 April 2023 - - -
Net book value
At 30 April 2023 - - -
At 30 April 2022 19,251 - 19,251
4 Debtors 2023 2022
£ £
Other debtors 22,483 10,196
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 19,865 19,865
Amounts owed to group undertakings and undertakings in which the company has a participating interest 14,706 361
Corporation tax 19,206 21,964
Other taxes and social security costs 49,085 49,085
102,862 91,275
6 Controlling party
The company is controlled by J Harrison.
7 Other information
Deakin-White Limited is a private company limited by shares and incorporated in England. Its registered office is:
Staple House
5 Eleanor's Cross
Dunstable
Bedfordshire
LU6 1SU
Deakin-White Limited 09563819 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 J Harrison No description of principal activity 09563819 2021-05-01 2022-04-30 09563819 core:WithinOneYear 2022-04-30 09563819 core:ShareCapital 2022-04-30 09563819 core:RetainedEarningsAccumulatedLosses 2022-04-30 09563819 2022-05-01 2023-04-30 09563819 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09563819 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 09563819 bus:Director40 2022-05-01 2023-04-30 09563819 1 2022-05-01 2023-04-30 09563819 2 2022-05-01 2023-04-30 09563819 core:LandBuildings 2022-05-01 2023-04-30 09563819 core:PlantMachinery 2022-05-01 2023-04-30 09563819 countries:England 2022-05-01 2023-04-30 09563819 bus:FRS102 2022-05-01 2023-04-30 09563819 bus:FullAccounts 2022-05-01 2023-04-30 09563819 2023-04-30 09563819 core:WithinOneYear 2023-04-30 09563819 core:ShareCapital 2023-04-30 09563819 core:RetainedEarningsAccumulatedLosses 2023-04-30 09563819 core:LandBuildings 2023-04-30 09563819 core:PlantMachinery 2023-04-30 09563819 2022-04-30 09563819 core:LandBuildings 2022-04-30 09563819 core:PlantMachinery 2022-04-30 iso4217:GBP xbrli:pure