Registered Number:07773151 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Dragon Conveyor Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Dragon Conveyor Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
3,958
3,185
2
3,958
3,185
800
950
3
Trade and other receivables |
31,746
39,885
4
97,467
Cash and cash equivalents |
104,341
145,176
130,013
Trade and other payables: amounts falling due within one |
year |
(39,332)
(49,875)
5
90,681
95,301
Net current assets
Total assets less current liabilities |
99,259
93,866
(523)
(429)
Provisions for liabilities |
98,736
Net assets
93,437
150
150
98,586
93,287
98,736
93,437
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Dragon Conveyor Ltd
Notes to the Financial Statements
Statutory Information
Dragon Conveyor Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07773151. |
457A Richmond Road
Sheffield
South Yorkshire
S13 8LW
The presentation currency is £ sterling. |
Turnover comprises the invoiced value of stokers and ancillary components for large scale bolier systems, excluding |
value added tax. Turnover is re |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of stokers and ancillary components for large scale bolier systems, excluding value added tax. Turnover is recognised upon despatch of the products. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
Stocks, which comprises large scale bolier system components, are valued at cost. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate, |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price. |
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
expenses. |
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
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For the year ended 31 March 2024
Dragon Conveyor Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
31,564
1,318
22,655
7,591
1,762
-
-
1,762
9,353
22,655
1,318
33,326
Provision for depreciation and impairment |
28,379
1,107
20,903
6,369
Charge for year
989
42
350
597
29,368
1,149
21,253
6,966
2,387
1,402
169
3,958
1,222
1,752
211
3,185
2023
2024
950
800
4. Trade and other receivables |
2023
2024
39,885
31,746
5. Trade and other payables: amounts falling due within one year |
2023
2024
7,855
14,173
Taxation and social security |
24,637
16,021
17,383
9,138
49,875
39,332
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For the year ended 31 March 2024
Dragon Conveyor Ltd
Notes to the Financial Statements Continued
6. Guarantees and other financial commitments |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit & loss account in the period to which they relate. |
Pension commitments
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 3)
4 of 4