Company Registration No. SC339445 (Scotland)
D K B Designs Limited
Unaudited accounts
for the year ended 31 May 2023
D K B Designs Limited
Unaudited accounts
Contents
D K B Designs Limited
Company Information
for the year ended 31 May 2023
Company Number
SC339445 (Scotland)
Registered Office
PRINCES EXCHANGE
1 EARL GREY STREET
EDINBURGH
MIDLOTHIAN
EH3 9EE
Accountants
Rebecca Donald
Dunollie
Back of Keppoch
ARISAIG
PH39 4NS
D K B Designs Limited
Statement of financial position
as at 31 May 2023
Tangible assets
88,975
97,655
Inventories
150,000
19,850
Cash at bank and in hand
335,024
379,285
Creditors: amounts falling due within one year
(108,477)
(73,488)
Net current assets
382,112
330,718
Net assets
471,087
428,373
Called up share capital
1
1
Profit and loss account
471,086
428,372
Shareholders' funds
471,087
428,373
For the year ending 31 May 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 director acknowledges her 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 and authorised for issue on 10 February 2024 and were signed on its behalf by
Willa Lloyd
Director
Company Registration No. SC339445
D K B Designs Limited
Notes to the Accounts
for the year ended 31 May 2023
D K B Designs Limited is a private company, limited by shares, registered in Scotland, registration number SC339445. The registered office is PRINCES EXCHANGE, 1 EARL GREY STREET, EDINBURGH, MIDLOTHIAN, EH3 9EE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
over 20 years
Motor vehicles
over 5 years
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
148,720
17,995
22,857
189,572
At 31 May 2023
148,720
17,995
23,231
189,946
At 1 June 2022
54,150
17,995
19,772
91,917
Charge for the year
7,436
-
1,618
9,054
At 31 May 2023
61,586
17,995
21,390
100,971
At 31 May 2023
87,134
-
1,841
88,975
At 31 May 2022
94,570
-
3,085
97,655
D K B Designs Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
56,359
8,950
Taxes and social security
-
4,386
Loans from directors
52,118
58,824
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).