Registered number
08956401
Debriggs Ltd
Filleted Accounts
30 June 2023
Debriggs Ltd
Registered number: 08956401
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 5 122,095 124,944
Current assets
Stocks 7,367 11,000
Debtors 6 - 26,926
Investments held as current assets 7 110,000 -
Cash at bank and in hand 4,668 28,002
122,035 65,928
Creditors: amounts falling due within one year 8 (38,753) (43,098)
Net current assets 83,282 22,830
Total assets less current liabilities 205,377 147,774
Creditors: amounts falling due after more than one year 9 (110,000) (50,000)
Net assets 95,377 97,774
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 95,277 97,674
Shareholders' funds 95,377 97,774
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.
Paul Briggs
Director
Approved by the board on 4 September 2023
Debriggs Ltd
Notes to the Accounts
for the year ended 30 June 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.
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, as follows:
Freehold buildings
Plant and machinery 25% reducing balance method
Fixtures, fittings, tools and equipment 10% reducing balance method
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 15 15
3 Operating profit 2023 2022
£ £
This is stated after charging:
Depreciation of owned fixed assets 2,849 3,294
2,849 3,294
4 Taxation 2023 2022
£ £
UK corporation tax 10,349 11,906
10,349 11,906
5 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 99,907 74,623 174,530
At 30 June 2023 99,907 74,623 174,530
Depreciation
At 1 July 2022 - 49,586 49,586
Charge for the year - 2,849 2,849
At 30 June 2023 - 52,435 52,435
Net book value
At 30 June 2023 99,907 22,188 122,095
At 30 June 2022 99,907 25,037 124,944
6 Debtors 2023 2022
£ £
Trade debtors - 25,683
Other debtors - 1,243
- 26,926
7 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 110,000 -
8 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,747 3,961
Taxation and social security costs 10,349 14,783
Other creditors 5,657 24,354
38,753 43,098
9 Creditors: amounts falling due after one year 2023 2022
£ £
Loan 110,000 50,000
10 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
11 Profit and loss account 2023 2022
£ £
At 1 July 2022 97,674 48,355
Profit for the year 42,603 49,319
Dividends (45,000) -
At 30 June 2023 95,277 97,674
12 Other information
Debriggs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Vernon Arms Church Street
Southrepps
Norwich
Norfolk
NR11 8NP
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