Registered Number:07556444 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Dribond Systems Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Dribond Systems Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,355
10,708
2
5,355
10,708
Trade and other receivables |
164,964
158,721
3
3
Cash and cash equivalents |
1,049
159,770
164,967
Trade and other payables: amounts falling due within one year |
(19,990)
(8,436)
4
144,977
151,334
Net current assets
Total assets less current liabilities |
156,689
155,685
Trade and other payables: amounts falling due after more than one year |
(73,072)
(70,533)
5
86,156
Net assets
82,613
100
100
86,056
82,513
86,156
82,613
Shareholders' funds
For the year ended 28 February 2023 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Dribond Systems Limited
Notes to the Financial Statements
Statutory Information
Dribond Systems Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07556444. |
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2. Property, plant and equipment |
Fixtures and fittings
27,720
6,823
2,666
18,231
18,231
2,666
6,823
27,720
Provision for depreciation and impairment |
17,012
3,410
2,664
10,938
Charge for year
5,353
1,705
2
3,646
22,365
5,115
2,666
14,584
3,647
-
1,708
5,355
7,293
2
3,413
10,708
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For the year ended 28 February 2023
Dribond Systems Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
69,999
69,999
88,722
94,965
164,964
158,721
4. Trade and other payables: amounts falling due within one year |
2022
2023
6,928
6,928
1,508
13,062
8,436
19,990
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
39,931
42,470
30,602
30,602
70,533
73,072
6. Average number of persons employed |
During the year the average number of employees was 0 (2022 : 3)
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