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REGISTERED NUMBER: 08088335 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

D R Appliances Limited

D R Appliances Limited (Registered number: 08088335)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


D R Appliances Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: L De Rienzo
L R B De Rienzo
R De Rienzo





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 08088335 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D R Appliances Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D R Appliances Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D R Appliances Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D R Appliances Limited and state those matters that we have agreed to state to the Board of Directors of D R Appliances Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D R Appliances Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D R Appliances Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D R Appliances Limited. You consider that D R Appliances Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D R Appliances Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


26 March 2025

D R Appliances Limited (Registered number: 08088335)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,400 39,600
Tangible assets 5 82,521 76,423
Investments 6 59,244 58,126
168,165 174,149

CURRENT ASSETS
Stocks 206,512 335,994
Debtors 7 36,013 25,639
Cash at bank and in hand 2,209 7,912
244,734 369,545
CREDITORS
Amounts falling due within one year 8 487,976 302,564
NET CURRENT (LIABILITIES)/ASSETS (243,242 ) 66,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,077

)

241,130

CREDITORS
Amounts falling due after more than
one year

9

9,167

19,167
NET (LIABILITIES)/ASSETS (84,244 ) 221,963

D R Appliances Limited (Registered number: 08088335)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 75,000 75,000
Retained earnings (159,244 ) 146,963
SHAREHOLDERS' FUNDS (84,244 ) 221,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





R De Rienzo - Director


D R Appliances Limited (Registered number: 08088335)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

D R Appliances Limited 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 represents amounts receivable for goods net of VAT. Turnover is recognised when the goods are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixture, fittings & equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


D R Appliances Limited (Registered number: 08088335)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Fixed asset investments in unlisted companies are held at cost less permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

D R Appliances Limited (Registered number: 08088335)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 165,000
AMORTISATION
At 1 July 2023 125,400
Charge for year 13,200
At 30 June 2024 138,600
NET BOOK VALUE
At 30 June 2024 26,400
At 30 June 2023 39,600

5. TANGIBLE FIXED ASSETS
Fixture,
Plant and fittings Motor
machinery & equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023 - 103,380 32,577 135,957
Additions 13,639 524 9,926 24,089
At 30 June 2024 13,639 103,904 42,503 160,046
DEPRECIATION
At 1 July 2023 - 32,526 27,008 59,534
Charge for year 3,410 10,707 3,874 17,991
At 30 June 2024 3,410 43,233 30,882 77,525
NET BOOK VALUE
At 30 June 2024 10,229 60,671 11,621 82,521
At 30 June 2023 - 70,854 5,569 76,423

D R Appliances Limited (Registered number: 08088335)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 58,126
Share of profit/(loss) 1,118
At 30 June 2024 59,244
NET BOOK VALUE
At 30 June 2024 59,244
At 30 June 2023 58,126

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 5,068
Other debtors 36,013 20,571
36,013 25,639

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,189 25,000
Trade creditors 148,796 40,071
Taxation and social security 2,421 18,267
Other creditors 325,570 219,226
487,976 302,564

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,167 19,167

D R Appliances Limited (Registered number: 08088335)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
74,990 Ordinary £1 74,990 74,990
10 Ordinary A £1 10 10
75,000 75,000

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £242,081 (2023 - £103,495).

12. GOING CONCERN

The company relies on the continuing support of its directors. The directors have agreed to continue to support the company for the foreseeable future as necessary.