Company Registration No. 06668124 (England and Wales)
Debright Trading Limited
Unaudited accounts
for the year ended 31 January 2022
Debright Trading Limited
Unaudited accounts
Contents
Debright Trading Limited
Company Information
for the year ended 31 January 2022
Directors
D A Bright
S P Bright
Company Number
06668124 (England and Wales)
Registered Office
Rugby House Hinckley Road
Sapcote
Leicester
Leicestershire
LE9 4FU
Accountants
121 Local Accounting Ltd
Unit 15, Whitwick Business Centre
Stenson Road
Coalville
Leicestershire
LE67 4JP
Debright Trading Limited
Statement of financial position
as at
31 January 2022
Tangible assets
46,571
40,123
Inventories
15,000
19,554
Cash at bank and in hand
39,007
54,115
Creditors: amounts falling due within one year
(108,904)
(100,853)
Net current liabilities
(41,223)
(17,479)
Total assets less current liabilities
5,348
22,644
Creditors: amounts falling due after more than one year
-
(5,000)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
5,198
17,494
Shareholders' funds
5,298
17,594
For the year ending 31 January 2022 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 21 October 2022 and were signed on its behalf by
D A Bright
Director
Company Registration No. 06668124
Debright Trading Limited
Notes to the Accounts
for the year ended 31 January 2022
Debright Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 06668124. The registered office is Rugby House Hinckley Road, Sapcote, Leicester, Leicestershire, LE9 4FU.
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:
Land & buildings
10% on cost
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2021
59,895
23,677
29,333
14,017
126,922
Additions
-
-
14,000
3,542
17,542
At 31 January 2022
59,895
23,677
43,333
17,559
144,464
At 1 February 2021
25,197
23,677
25,124
12,801
86,799
Charge for the year
5,986
-
4,500
608
11,094
At 31 January 2022
31,183
23,677
29,624
13,409
97,893
At 31 January 2022
28,712
-
13,709
4,150
46,571
At 31 January 2021
34,698
-
4,209
1,216
40,123
Debright Trading Limited
Notes to the Accounts
for the year ended 31 January 2022
Amounts falling due within one year
Trade debtors
13,304
8,580
Accrued income and prepayments
370
1,125
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
5,000
Obligations under finance leases and hire purchase contracts
8,895
-
Trade creditors
35,832
19,245
Taxes and social security
780
12,138
Loans from directors
62,870
64,359
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).