1 June 2023 false Taxfiler 2024.6 08517454business:PrivateLimitedCompanyLtd2023-06-012024-05-31 085174542023-05-31 085174542023-06-012024-05-31 08517454business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 08517454business:FilletedAccounts2023-06-012024-05-31 085174542024-05-31 08517454business:Director12023-06-012024-05-31 08517454business:Director22023-06-012024-05-31 08517454business:RegisteredOffice2023-06-012024-05-31 085174542023-05-31 08517454core:WithinOneYear2024-05-31 08517454core:WithinOneYear2023-05-31 08517454core:AfterOneYear2024-05-31 08517454core:AfterOneYear2023-05-31 08517454core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 08517454core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08517454core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 08517454core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08517454core:PreviouslyStatedAmount2024-05-31 08517454core:PreviouslyStatedAmount2023-05-31 08517454business:SmallEntities2023-06-012024-05-31 08517454countries:EnglandWales2023-06-012024-05-31 08517454core:PlantMachinery2023-06-012024-05-31 08517454core:MotorVehicles2023-06-012024-05-31 08517454core:PlantMachinery2023-05-31 08517454core:MotorVehicles2023-05-31 08517454core:PlantMachinery2024-05-31 08517454core:MotorVehicles2024-05-31 08517454core:WithinOneYear2023-06-012024-05-31 085174542022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
DRB Decorators Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,913 
2,796 
Current assets
Debtors
60,436 
81,548 
Cash at bank and in hand
217,025 
193,783 
277,461 
275,331 
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 
Capital and reserves
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
- 4 -
DRB Decorators Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
7,833 
7,833 
At 31 May 2024
960 
21,277 
22,237 
Depreciation
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 
Net book value
At 31 May 2024
- 
5,913 
5,913 
At 31 May 2023
460 
2,336 
2,796 
- 5 -
DRB Decorators Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,540 
63,840 
Other debtors
7,896 
17,708 
60,436 
81,548 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,437 
30,798 
Taxes and social security
50,831 
53,694 
Other creditors
- 
4,261 
75,268 
88,753 
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 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -