Company No:
Contents
DIRECTORS | Mr C Glass |
Miss M Iqbal | |
Mr J J L Sutherland | |
Mr S J Sutherland | |
REGISTERED OFFICE | 6 Queen Street |
Leeds LS1 2TW | |
United Kingdom | |
COMPANY NUMBER | 06708596(England and Wales) |
ACCOUNTANT | Murray Harcourt Partners LLP Chartered Accountants |
6 Queen Street | |
Leeds | |
LS1 2TW |
2021 | 2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Intangible assets | 4 |
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Tangible assets | 5 |
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59,367 | 0 | |||
Current assets | ||||
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand | 8 |
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781,636 | 1 | |||
Creditors | ||||
Amounts falling due within one year | 9 | (
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Net current assets | 19,739 | 1 | ||
Total assets less current liabilities | 79,106 | 1 | ||
Provisions for liabilities | 10, 11 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 12 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Dortech Direct Limited (registered number:
Mr J J L Sutherland
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Dortech Direct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Queen Street, Leeds LS1 2TW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
There is no material uncertainty about the entity's ability to continue as a going concern. The pandemic has not impacted the business negatively in relation to future performance. More and more people have embraced social distancing and turned to online shopping, thus the dramatic rise in e-commerce amid restrictions introduced by COVID-19 have increased sales for Dortech Direct Ltd and future growth potential. The company continues to follow national advice and will continue operations in the best and safest way without jeopardising the health of employees. Dortech Direct Ltd has neither utilised the job retention scheme nor furloughed staff during the pandemic.
Therefore, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Other intangible assets |
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years | Straight line |
Plant and machinery etc. |
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years | Straight line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 01 October 2020 |
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Additions |
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At 30 September 2021 |
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Accumulated amortisation | |||
At 01 October 2020 |
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Charge for the financial year |
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At 30 September 2021 |
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Net book value | |||
At 30 September 2021 |
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At 30 September 2020 |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 October 2020 |
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Additions |
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At 30 September 2021 |
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Accumulated depreciation | |||
At 01 October 2020 |
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Charge for the financial year |
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At 30 September 2021 |
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Net book value | |||
At 30 September 2021 |
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At 30 September 2020 |
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2021 | 2020 | ||
£ | £ | ||
Stocks |
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2021 | 2020 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by Group undertakings |
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Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Cash at bank and in hand |
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2021 | 2020 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Corporation tax |
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Other taxation and social security |
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2021 | 2020 | ||
£ | £ | ||
Deferred tax |
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Deferred tax is charged on timing differences.
2021 | 2020 | ||
£ | £ | ||
At the beginning of financial year |
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Charged to the Statement of Income and Retained Earnings | (
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At the end of financial year | (
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2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
Allotted, called-up and not yet paid | |||
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