Registered number
11680060
DENSAM LTD
Filleted Accounts
30 November 2021
DENSAM LTD
Registered number: 11680060
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 2,080 1,061
Current assets
Stocks 1,509 835
Cash at bank and in hand 29,798 42,868
31,307 43,703
Creditors: amounts falling due within one year 4 (10,272) 17,900
Net current assets 21,035 61,603
Total assets less current liabilities 23,115 62,664
Creditors: amounts falling due after more than one year 5 (44,297) (68,900)
Net liabilities (21,182) (6,236)
Capital and reserves
Called up share capital 100 100
Profit and loss account (21,282) (6,336)
Shareholder's funds (21,182) (6,236)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Saffet OZMUS
Director
Approved by the board on 1 August 2022
DENSAM LTD
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, @18% per annum (reducing balance method).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 December 2020 1,294
Additions 1,475
At 30 November 2021 2,769
Depreciation
At 1 December 2020 233
Charge for the year 456
At 30 November 2021 689
Net book value
At 30 November 2021 2,080
At 30 November 2020 1,061
4 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors (1,495) 1,135
Social security costs 2,006 1,373
Other creditors 9,761 (20,408)
10,272 (17,900)
5 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 40,797 45,000
Other creditors 3,500 23,900
44,297 68,900
6 Other information
DENSAM LTD is a private company limited by shares and incorporated in England. Its registered office is:
46 Middle Field
Barrow-In-Furness
Cumbria
LA14 4BX
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