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REGISTERED NUMBER: 11668702 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

DB Works Ltd

DB Works Ltd (Registered number: 11668702)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DB Works Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D G Beaney





REGISTERED OFFICE: Cherry Way Farm
Greenwich Lane
Ewell Minnis
Dover
Kent
CT15 7EA





REGISTERED NUMBER: 11668702 (England and Wales)





ACCOUNTANTS: Beverton & Co.
Chartered Accountants
Maybrook House
York Street
Dover
Kent
CT17 9FA

DB Works Ltd (Registered number: 11668702)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,655 225,452

CURRENT ASSETS
Stocks 11,811 31,811
Debtors 5 671,879 449,327
Cash at bank and in hand 150,031 26,325
833,721 507,463
CREDITORS
Amounts falling due within one year 6 712,101 411,041
NET CURRENT ASSETS 121,620 96,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,275

321,874

CREDITORS
Amounts falling due after more than one
year

7

24,267

34,674
NET ASSETS 312,008 287,200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,908 287,100
312,008 287,200

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

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

DB Works Ltd (Registered number: 11668702)

Balance Sheet - continued
30 November 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 27 August 2024 and were signed by:





D G Beaney - Director


DB Works Ltd (Registered number: 11668702)

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

1. STATUTORY INFORMATION

DB Works Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

DB Works Ltd (Registered number: 11668702)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 320,859
Additions 34,630
Disposals (30,000 )
At 30 November 2023 325,489
DEPRECIATION
At 1 December 2022 95,407
Charge for year 32,770
Eliminated on disposal (17,343 )
At 30 November 2023 110,834
NET BOOK VALUE
At 30 November 2023 214,655
At 30 November 2022 225,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 85,022 25,213
Other debtors 586,857 424,114
671,879 449,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Hire purchase contracts 1,381 1,381
Trade creditors 127,205 52,441
Taxation and social security 27,205 14,312
Other creditors 556,310 342,907
712,101 411,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Other creditors 24,267 34,674