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Registered number: 06977787
DK BATHROOMS & KITCHENS LTD
Unaudited Financial Statements
For The Year Ended 31 July 2022
Saashiv & Co. Accountants Limited
Chartered Certified Accountants
Pentax House
South Harrow
London
HA2 0DU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06977787
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 11,990 13,322
11,990 13,322
CURRENT ASSETS
Stocks 4 16,650 33,120
Debtors 5 21,486 75,843
Cash at bank and in hand 35,659 47,660
73,795 156,623
Creditors: Amounts Falling Due Within One Year 6 (89,240 ) (120,323 )
NET CURRENT ASSETS (LIABILITIES) (15,445 ) 36,300
TOTAL ASSETS LESS CURRENT LIABILITIES (3,455 ) 49,622
Creditors: Amounts Falling Due After More Than One Year 7 (38,120 ) (48,126 )
NET (LIABILITIES)/ASSETS (41,575 ) 1,496
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (41,675 ) 1,396
SHAREHOLDERS' FUNDS (41,575) 1,496
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For the year ending 31 July 2022 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Datarjit BHARJ
Director
11/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% reducing method
Computer Equipment 10% reducing method
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2021: 2)
2 2
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2021 15,497 5,715 21,212
As at 31 July 2022 15,497 5,715 21,212
Depreciation
As at 1 August 2021 6,328 1,562 7,890
Provided during the period 917 415 1,332
As at 31 July 2022 7,245 1,977 9,222
Net Book Value
As at 31 July 2022 8,252 3,738 11,990
As at 1 August 2021 9,169 4,153 13,322
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4. Stocks
2022 2021
£ £
Stock - materials 16,650 33,120
5. Debtors
2022 2021
£ £
Due within one year
Trade debtors 21,486 75,843
21,486 75,843
6. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 1 21,455
Corporation tax 3,696 3,696
Other taxes and social security 3,830 3,611
VAT 19,048 10,032
Accruals and deferred income 4,600 17,950
Directors' loan accounts 58,065 63,579
89,240 120,323
7. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 38,120 48,126
38,120 48,126
8. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
9. General Information
DK BATHROOMS & KITCHENS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 06977787 . The registered office is 136 Kenton Road, Harrow, HA3 8AZ.
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