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REGISTERED NUMBER: 10326940 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DAVID BELLINI DISPLAY SOLUTIONS LTD

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

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










Page

Balance sheet 1

Notes to the financial statements 2


DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 132 265
132 265

Current assets
Stocks 2,155 -
Debtors 6 - 5,177
Cash at bank 32,741 52,041
34,896 57,218
Creditors
Amounts falling due within one year 7 18,435 36,871
Net current assets 16,461 20,347
Total assets less current liabilities 16,593 20,612

Provisions for liabilities 8 25 50
Net assets 16,568 20,562

Capital and reserves
Called up share capital 9 100 100
Retained earnings 16,468 20,462
Shareholders' funds 16,568 20,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:




Mr D H Bellini - Director


DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

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


1. Statutory information

David Bellini Display Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10326940. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Avondale, 13 Lower Grove, Whitsbury, Fordingbridge, Hampshire, SP6 3QA.

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 income receivable from the provision of display equipment for exhibitions and similar events, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

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


4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2022 11,100
Disposals (11,100 )
At 31 August 2023 -
Amortisation
At 1 September 2022 11,100
Eliminated on disposal (11,100 )
At 31 August 2023 -
Net book value
At 31 August 2023 -
At 31 August 2022 -

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 September 2022 801 398 1,199
Disposals (801 ) - (801 )
At 31 August 2023 - 398 398
Depreciation
At 1 September 2022 801 133 934
Charge for year - 133 133
Eliminated on disposal (801 ) - (801 )
At 31 August 2023 - 266 266
Net book value
At 31 August 2023 - 132 132
At 31 August 2022 - 265 265

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 4,835
Prepayments and accrued income - 342
- 5,177

DAVID BELLINI DISPLAY SOLUTIONS LTD (REGISTERED NUMBER: 10326940)

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


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,570 5,982
Tax 4,484 3,577
VAT 911 1,334
Directors' current accounts 8,817 23,783
Accruals and deferred income 2,653 2,195
18,435 36,871

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 25 50

Deferred
tax
£   
Balance at 1 September 2022 50
Credit to Income statement during year (25 )
Balance at 31 August 2023 25

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. Ultimate controlling party

The company is under the control of the director, Mr D Bellini, by virtue of his majority holding of the share capital of the company.