IRIS Accounts Production v24.3.2.46 03411491 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034114912023-07-31034114912024-07-31034114912023-08-012024-07-31034114912022-07-31034114912022-08-012023-07-31034114912023-07-3103411491ns15:EnglandWales2023-08-012024-07-3103411491ns14:PoundSterling2023-08-012024-07-3103411491ns10:Director12023-08-012024-07-3103411491ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103411491ns10:SmallEntities2023-08-012024-07-3103411491ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103411491ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103411491ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103411491ns10:FullAccounts2023-08-012024-07-3103411491ns10:RegisteredOffice2023-08-012024-07-3103411491ns5:CurrentFinancialInstruments2024-07-3103411491ns5:CurrentFinancialInstruments2023-07-3103411491ns5:Non-currentFinancialInstruments2024-07-3103411491ns5:Non-currentFinancialInstruments2023-07-3103411491ns5:ShareCapital2024-07-3103411491ns5:ShareCapital2023-07-3103411491ns5:RetainedEarningsAccumulatedLosses2024-07-3103411491ns5:RetainedEarningsAccumulatedLosses2023-07-3103411491ns5:PlantMachinery2023-08-012024-07-3103411491ns5:FurnitureFittings2023-08-012024-07-3103411491ns5:ComputerEquipment2023-08-012024-07-3103411491ns5:PlantMachinery2023-07-3103411491ns5:FurnitureFittings2023-07-3103411491ns5:ComputerEquipment2023-07-3103411491ns5:PlantMachinery2024-07-3103411491ns5:FurnitureFittings2024-07-3103411491ns5:ComputerEquipment2024-07-3103411491ns5:PlantMachinery2023-07-3103411491ns5:FurnitureFittings2023-07-3103411491ns5:ComputerEquipment2023-07-3103411491ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103411491ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3103411491ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3103411491ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3103411491ns5:Secured2024-07-3103411491ns5:Secured2023-07-31
REGISTERED NUMBER: 03411491 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 July 2024

for

Dragon Display & Fabrications Limited

Dragon Display & Fabrications Limited (Registered number: 03411491)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dragon Display & Fabrications Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs D Saunders





REGISTERED OFFICE: Unit 20 Queensway Link
Stafford Park 17
Telford
Shropshire
TF3 3DN





REGISTERED NUMBER: 03411491 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Dragon Display & Fabrications Limited (Registered number: 03411491)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,673 5,798

CURRENT ASSETS
Stocks 148,905 68,555
Debtors 5 26,696 37,942
Cash at bank 30,181 39,900
205,782 146,397
CREDITORS
Amounts falling due within one year 6 78,336 47,303
NET CURRENT ASSETS 127,446 99,094
TOTAL ASSETS LESS CURRENT LIABILITIES 132,119 104,892

CREDITORS
Amounts falling due after more than one year 7 (23,801 ) -

PROVISIONS FOR LIABILITIES (408 ) (516 )
NET ASSETS 107,910 104,376

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 106,910 103,376
107,910 104,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Dragon Display & Fabrications Limited (Registered number: 03411491)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 2 April 2025 and were signed by:





Mrs D Saunders - Director


Dragon Display & Fabrications Limited (Registered number: 03411491)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Dragon Display & Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.


Dragon Display & Fabrications Limited (Registered number: 03411491)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 104,595 21,978 - 126,573
Additions - - 405 405
At 31 July 2024 104,595 21,978 405 126,978
DEPRECIATION
At 1 August 2023 101,249 19,526 - 120,775
Charge for year 837 613 80 1,530
At 31 July 2024 102,086 20,139 80 122,305
NET BOOK VALUE
At 31 July 2024 2,509 1,839 325 4,673
At 31 July 2023 3,346 2,452 - 5,798

Dragon Display & Fabrications Limited (Registered number: 03411491)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 24,345 33,683
Prepayments and accrued income 2,351 4,259
26,696 37,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,449 -
Trade creditors 56,520 33,698
Social security and other taxes 2,274 2,308
VAT 10,656 8,192
Accruals and deferred income 4,437 3,105
78,336 47,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 23,801 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 28,250 -

The bank loan is secured by a personal guarantee from the director, Mrs D Saunders.