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Company registration number: 11159151
Dawson Rendering Systems Limited
Unaudited filleted financial statements
31 January 2024
Dawson Rendering Systems Limited
Contents
Balance sheet
Notes to the financial statements
Dawson Rendering Systems Limited
Balance sheet
31 January 2024
31/01/24 30/01/23
Note £ £ £ £
Fixed assets
Tangible assets 5 7,290 12,528
_______ _______
7,290 12,528
Current assets
Stocks 500 500
Debtors 6 99,901 80,277
Cash at bank and in hand 320 810
_______ _______
100,721 81,587
Creditors: amounts falling due
within one year 7 ( 53,356) ( 55,508)
_______ _______
Net current assets 47,365 26,079
_______ _______
Total assets less current liabilities 54,655 38,607
Creditors: amounts falling due
after more than one year 8 ( 33,899) ( 40,434)
Provisions for liabilities 9 ( 1,822) ( 3,132)
_______ _______
Net assets/(liabilities) 18,934 ( 4,959)
_______ _______
Capital and reserves
Called up share capital 11 10 10
Profit and loss account 18,924 ( 4,969)
_______ _______
Shareholder funds/(deficit) 18,934 ( 4,959)
_______ _______
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 October 2024 , and are signed on behalf of the board by:
L S Dawson
Director
Company registration number: 11159151
Dawson Rendering Systems Limited
Notes to the financial statements
Period ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 31, Graythorpe Industrial Estate, Hartlepool, TS25 2DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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 - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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 stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 31 January 2023 41,848 3,114 6,800 51,762
Additions - - 2,500 2,500
Disposals ( 12,370) ( 2,794) - ( 15,164)
_______ _______ _______ _______
At 31 January 2024 29,478 320 9,300 39,098
_______ _______ _______ _______
Depreciation
At 31 January 2023 34,899 2,635 1,700 39,234
Charge for the year 5,896 399 1,443 7,738
Disposals ( 12,370) ( 2,794) - ( 15,164)
_______ _______ _______ _______
At 31 January 2024 28,425 240 3,143 31,808
_______ _______ _______ _______
Carrying amount
At 31 January 2024 1,053 80 6,157 7,290
_______ _______ _______ _______
At 30 January 2023 6,949 479 5,100 12,528
_______ _______ _______ _______
6. Debtors
31/01/24 30/01/23
£ £
Trade debtors 27,371 5,428
Other debtors 72,530 74,849
_______ _______
99,901 80,277
_______ _______
7. Creditors: amounts falling due within one year
31/01/24 30/01/23
£ £
Bank loans and overdrafts 27,559 25,249
Trade creditors 4,070 14,376
Corporation tax 15,877 8,863
Other creditors 5,850 7,020
_______ _______
53,356 55,508
_______ _______
8. Creditors: amounts falling due after more than one year
31/01/24 30/01/23
£ £
Bank loans and overdrafts 33,899 38,904
Other creditors - 1,530
_______ _______
33,899 40,434
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 31 January 2023 3,132 3,132
Unused amounts reversed ( 1,310) ( 1,310)
_______ _______
At 31 January 2024 1,822 1,822
_______ _______
10. Deferred tax
The deferred tax included in the Balance sheet is as follows:
31/01/24 30/01/23
£ £
Included in provisions (note 9) 1,822 3,132
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/01/24 30/01/23
£ £
Accelerated capital allowances 1,822 3,132
_______ _______
11. Called up share capital
Issued, called up and fully paid
31/01/24 30/01/23
No £ No £
Ordinary shares of £ 1.00 each 10 10 10 10
_______ _______ _______ _______
12. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/01/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
L S Dawson 66,897 48,028 ( 66,897) 48,028
_______ _______ _______ _______
Period ended 30/01/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
L S Dawson 44,695 66,897 ( 44,695) 66,897
_______ _______ _______ _______