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DBQC LTD

Registered Number
08740657
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

DBQC LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

BARNARD, Dale

Company Secretary

BARNARD, Marianne

Registered Address

3 Jupiter Way
Corfe Mullen
Wimborne
BH21 3XG

Registered Number

08740657 (England and Wales)
DBQC LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets319,6192,888
19,6192,888
Current assets
Debtors11,95113,942
Cash at bank and in hand20,34761,158
32,29875,100
32,29875,100
51,91777,988
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital33
Profit and loss account40,66558,882
40,66858,885
Liabilities
Creditors amounts falling due within one year411,24911,202
Creditors amounts falling due after one year5-7,901
51,91777,988
The financial statements were approved and authorised for issue by the Director on 19 February 2025, and are signed on its behalf by:
BARNARD, Dale
Director
Registered Company No. 08740657
DBQC LTD
Notes to the Financial Statements
for the year ended 31 October 2024

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles20
Office Equipment33
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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 November 23-22,13222,132
Additions17,0201,04818,068
At 31 October 2417,02023,18040,200
Depreciation and impairment
At 01 November 23-19,24419,244
Charge for year2841,0531,337
At 31 October 2428420,29720,581
Net book value
At 31 October 2416,7362,88319,619
At 31 October 23-2,8882,888
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,722830
Taxation and social security1,92310,017
Other creditors604355
Total11,24911,202
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-7,901
Total-7,901