Daniel Polished Concrete Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09768998 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Daniel Polished Concrete Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D P Ferguson

REGISTERED OFFICE:

Ground Floor

Rear Barn

The Brookdale Centre

Knutsford

Cheshire

WA16 0SR

REGISTERED NUMBER:

09768998 (England and Wales)

ACCOUNTANTS:

EBA Chartered Accountants

Ground Floor

Rear Barn

The Brookdale Centre

Knutsford

Cheshire

WA16 0SR

FIXED ASSETS

Tangible assets

4

13,209

11,712

CURRENT ASSETS

Stocks

25,000

4,000

Debtors

5

45,602

28,872

Cash at bank

74,528

122,371

145,130

155,243

CREDITORS

Amounts falling due within one year

6

67,644

86,801

NET CURRENT ASSETS

77,486

68,442

TOTAL ASSETS LESS CURRENT LIABILITIES

90,695

80,154

CREDITORS

Amounts falling due after more than one year

7

(26,833

)

(33,833

)

PROVISIONS FOR LIABILITIES

(1,965

)

(1,425

)

NET ASSETS

61,897

44,896

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,797

44,796

61,897

44,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 6 April 2022 and were signed by:

D P Ferguson - Director

1.	STATUTORY INFORMATION

Daniel Polished Concrete 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.

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 etc

-

25% on reducing balance

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

17,936

Additions

5,899

At 30 September 2021

23,835

DEPRECIATION

At 1 October 2020

6,224

Charge for year

4,402

At 30 September 2021

10,626

NET BOOK VALUE

At 30 September 2021

13,209

At 30 September 2020

11,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

3,000

500

Other debtors

42,602

28,372

45,602

28,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

7,000

1,167

Trade creditors

9,000

1,000

Taxation and social security

49,644

77,634

Other creditors

2,000

7,000

67,644

86,801

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

26,833

33,833

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21

30.9.20

£

£

D P Ferguson

Balance outstanding at start of year

26,862

6,552

Amounts advanced

59,376

74,613

Amounts repaid

(62,523

)

(54,303

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,715

26,862

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D P Ferguson.