2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04631092 2022-06-01 2023-05-31 04631092 2023-05-31 04631092 2022-05-31 04631092 2021-06-01 2022-05-31 04631092 2022-05-31 04631092 2021-05-31 04631092 core:PlantMachinery 2022-06-01 2023-05-31 04631092 bus:Director1 2022-06-01 2023-05-31 04631092 core:PlantMachinery 2022-05-31 04631092 core:PlantMachinery 2023-05-31 04631092 core:WithinOneYear 2023-05-31 04631092 core:WithinOneYear 2022-05-31 04631092 core:AfterOneYear 2023-05-31 04631092 core:AfterOneYear 2022-05-31 04631092 core:ShareCapital 2023-05-31 04631092 core:ShareCapital 2022-05-31 04631092 core:RetainedEarningsAccumulatedLosses 2023-05-31 04631092 core:RetainedEarningsAccumulatedLosses 2022-05-31 04631092 bus:Director1 2022-05-31 04631092 bus:Director1 2023-05-31 04631092 bus:Director1 2021-05-31 04631092 bus:Director1 2022-05-31 04631092 bus:Director1 2021-06-01 2022-05-31 04631092 bus:SmallEntities 2022-06-01 2023-05-31 04631092 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04631092 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 04631092 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04631092 bus:FullAccounts 2022-06-01 2023-05-31 04631092 core:OfficeEquipment 2022-06-01 2023-05-31 04631092 core:OfficeEquipment 2023-05-31 04631092 core:OfficeEquipment 2022-05-31
COMPANY REGISTRATION NUMBER: 04631092
DEBRO LIMITED
Filleted Unaudited Financial Statements
31 May 2023
DEBRO LIMITED
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
139
Current assets
Stocks
702,235
694,880
Debtors
6
12,632
39,805
Cash at bank and in hand
776
483
---------
---------
715,643
735,168
Creditors: amounts falling due within one year
7
495,551
471,459
---------
---------
Net current assets
220,092
263,709
---------
---------
Total assets less current liabilities
220,092
263,848
Creditors: amounts falling due after more than one year
8
399,951
413,232
---------
---------
Net liabilities
( 179,859)
( 149,384)
---------
---------
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss account
( 229,859)
( 199,384)
---------
---------
Shareholders deficit
( 179,859)
( 149,384)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DEBRO LIMITED
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
R Deblinger
Director
Company registration number: 04631092
DEBRO LIMITED
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: Nil).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
8,097
6,065
14,162
-------
-------
--------
Depreciation
At 1 June 2022
8,097
5,926
14,023
Charge for the year
139
139
-------
-------
--------
At 31 May 2023
8,097
6,065
14,162
-------
-------
--------
Carrying amount
At 31 May 2023
-------
-------
--------
At 31 May 2022
139
139
-------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
10,043
35,212
Other debtors
2,589
4,593
--------
--------
12,632
39,805
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
35,000
50,807
Trade creditors
54,394
74,646
Social security and other taxes
246
Other creditors
405,911
346,006
---------
---------
495,551
471,459
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
175,451
188,732
Other creditors
224,500
224,500
---------
---------
399,951
413,232
---------
---------
9. Financial instruments
For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed.
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Deblinger
( 291,506)
( 55,305)
( 346,811)
---------
--------
---------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Deblinger
( 329,382)
37,876
( 291,506)
---------
--------
---------