Company Registration No. 10613757 (England and Wales)
DRAGON AUTOSHIELD LTD.
Unaudited accounts
for the year ended 28 February 2021
DRAGON AUTOSHIELD LTD.
Unaudited accounts
Contents
DRAGON AUTOSHIELD LTD.
Company Information
for the year ended 28 February 2021
Company Number
10613757 (England and Wales)
Registered Office
CROWN HOUSE
NORTH CIRCULAR ROAD, FLOOR 8, SUITE 802-
LONDON
NW10 7PN
ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
DRAGON AUTOSHIELD LTD.
Statement of financial position
as at
28 February 2021
Tangible assets
16,140
3,990
Cash at bank and in hand
2,064
2,764
Creditors: amounts falling due within one year
(7,040)
(22,891)
Net current assets/(liabilities)
540
(14,711)
Total assets less current liabilities
16,680
(10,721)
Creditors: amounts falling due after more than one year
(45,500)
-
Net liabilities
(28,820)
(10,721)
Profit and loss account
(28,820)
(10,721)
Shareholders' funds
(28,820)
(10,721)
For the year ending 28 February 2021 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 director acknowledges his 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 and authorised for issue on 26 November 2021 and were signed on its behalf by
TUDOR DRAGOI
Director
Company Registration No. 10613757
DRAGON AUTOSHIELD LTD.
Notes to the Accounts
for the year ended 28 February 2021
DRAGON AUTOSHIELD LTD. is a private company, limited by shares, registered in England and Wales, registration number 10613757. The registered office is CROWN HOUSE, NORTH CIRCULAR ROAD, FLOOR 8, SUITE 802-, LONDON, NW10 7PN, ENGLAND.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
At 28 February 2021
16,140
At 28 February 2021
16,140
At 29 February 2020
3,990
DRAGON AUTOSHIELD LTD.
Notes to the Accounts
for the year ended 28 February 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
5,516
5,416
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
131
-
Taxes and social security
(3,333)
39,625
Loans from directors
(14,183)
(16,734)
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).