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REGISTERED NUMBER: 03792987 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

DBS Solutions Limited

DBS Solutions Limited (Registered number: 03792987)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBS Solutions Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A R C Williams





REGISTERED OFFICE: 1 Buckingham Court
Dairy Road
Chelmsford
Essex
CM2 6XW





REGISTERED NUMBER: 03792987 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

DBS Solutions Limited (Registered number: 03792987)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 755,366 750,000

CURRENT ASSETS
Debtors 5 - 24,399
Cash at bank 247,454 164,628
247,454 189,027
CREDITORS
Amounts falling due within one year 6 31,498 29,501
NET CURRENT ASSETS 215,956 159,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,322

909,526

CREDITORS
Amounts falling due after more than one
year

7

9,840

13,806
NET ASSETS 961,482 895,720

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Fair value reserve 196,147 196,147
Retained earnings 765,333 699,571
SHAREHOLDERS' FUNDS 961,482 895,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DBS Solutions Limited (Registered number: 03792987)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





A R C Williams - Director


DBS Solutions Limited (Registered number: 03792987)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

DBS Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company is not part of a group.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Investment property
The investment property is included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks, loans to related parties and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DBS Solutions Limited (Registered number: 03792987)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 750,000
Additions 5,366
At 30 June 2023 755,366
NET BOOK VALUE
At 30 June 2023 755,366
At 30 June 2022 750,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2020 196,147
Cost 559,219
755,366

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 559,219 -

Investment property was valued on an open market basis on 30 June 2023 by the director. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 24,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,097 4,200
Tax 16,756 20,946
Other creditors 9,085 3,107
Directors' current accounts 1,560 1,248
31,498 29,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,147 4,200
Bank loans - 2-5 years 5,693 9,606
9,840 13,806