2023-01-012023-12-312023-12-31false05562952DBD SERVICES (UK) 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DBD SERVICES (UK) LIMITED

Registered Number
05562952
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

DBD SERVICES (UK) LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BARTON, Bradley
BOOKER, Darren Peter

Company Secretary

BOOKER, Darren Peter

Registered Address

Unit 4 Southfields Industrial Park
Seax Way
Basildon
SS15 6SW

Registered Number

05562952 (England and Wales)
DBD SERVICES (UK) LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets333,92623,040
33,92623,040
Current assets
Stocks1,087,9821,104,289
Debtors4515,164731,736
Cash at bank and on hand215,183102,966
1,818,3291,938,991
Creditors amounts falling due within one year5(1,389,581)(1,420,787)
Net current assets (liabilities)428,748518,204
Total assets less current liabilities462,674541,244
Creditors amounts falling due after one year6(288,805)(379,193)
Net assets173,869162,051
Capital and reserves
Called up share capital1,2501,250
Share premium2,0002,000
Profit and loss account170,619158,801
Shareholders' funds173,869162,051
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
BARTON, Bradley
Director
Registered Company No. 05562952
DBD SERVICES (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20232022
Average number of employees during the year67
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2328,800
Additions19,367
At 31 December 2348,167
Depreciation and impairment
At 01 January 235,760
Charge for year8,481
At 31 December 2314,242
Net book value
At 31 December 2333,926
At 31 December 2223,040
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables171,744344,855
Amounts owed by group undertakings13,556935
Other debtors124,658201,179
Prepayments and accrued income205,206184,767
Total515,164731,736
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables788,221882,669
Bank borrowings and overdrafts393,574337,933
Taxation and social security207,786200,185
Total1,389,5811,420,787
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts288,805379,193
Total288,805379,193
7.Exceptional items
During the year the company incurred costs of £409,000 relating to services provided to a customer that went into liquidation prior to the raising of the related Sales invoice. These costs were included in Cost of Sales.