Company Registration No. 08517454 (England and Wales)
DRB Decorators Limited
Unaudited accounts
for the year ended 31 May 2024
DRB Decorators Limited
Unaudited accounts
Contents
DRB Decorators Limited
Company Information
for the year ended 31 May 2024
Directors
Derek Brown
Jill Brown
Company Number
08517454 (England and Wales)
Registered Office
202 Stony Lane
Burton
Christchurch
Dorset
BH23 7LB
Accountants
Sue Pawlowski T/As Moonraker Bookkeeping
31 Leigh Woods Lane
Devizes
Wiltshire
SN10 2FS
DRB Decorators Limited
Statement of financial position
as at 31 May 2024
Tangible assets
5,913
2,796
Cash at bank and in hand
217,025
193,783
Creditors: amounts falling due within one year
(75,268)
(88,753)
Net current assets
202,193
186,578
Total assets less current liabilities
208,106
189,374
Creditors: amounts falling due after more than one year
(11,921)
(18,630)
Net assets
196,185
170,744
Called up share capital
100
100
Profit and loss account
196,085
170,644
Shareholders' funds
196,185
170,744
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Derek Brown
Director
Company Registration No. 08517454
DRB Decorators Limited
Notes to the Accounts
for the year ended 31 May 2024
DRB Decorators Limited is a private company, limited by shares, registered in England and Wales, registration number 08517454. The registered office is 202 Stony Lane, Burton, Christchurch, Dorset, BH23 7LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
Over 5 Years
Motor vehicles
Over 5 Years
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
960
13,444
14,404
At 31 May 2024
960
21,277
22,237
At 1 June 2023
500
11,108
11,608
Charge for the year
460
4,256
4,716
At 31 May 2024
960
15,364
16,324
At 31 May 2024
-
5,913
5,913
At 31 May 2023
460
2,336
2,796
DRB Decorators Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
52,540
63,840
Other debtors
7,896
17,708
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
50,831
53,694
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
11,921
18,630
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Average number of employees
During the year the average number of employees was 2 (2023: 2).