Registered number
07468921
Davidson Gold Limited
Filleted Accounts
31 December 2021
Davidson Gold Limited
Registered number: 07468921
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 264 330
Current assets
Debtors 4 90,867 43,749
Client Deposit Account 167,418 187,594
Cash at bank and in hand 9,188 79,148
267,473 310,491
Creditors: amounts falling due within one year 5 (208,894) (274,737)
Net current assets 58,579 35,754
Total assets less current liabilities 58,843 36,084
Creditors: amounts falling due after more than one year 6 (24,827) (28,000)
Net assets 34,016 8,084
Capital and reserves
Called up share capital 20 20
Profit and loss account 33,996 8,064
Shareholder's funds 34,016 8,084
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.
Shiran P J Patabadige
Director
Approved by the board on 12 August 2022
Davidson Gold Limited
Notes to the Accounts
for the year ended 31 December 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Reducing balance
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 2,660
At 31 December 2021 2,660
Depreciation
At 1 January 2021 2,330
Charge for the year 66
At 31 December 2021 2,396
Net book value
At 31 December 2021 264
At 31 December 2020 330
4 Debtors 2021 2020
£ £
Trade debtors - 42,882
Other debtors 90,867 867
90,867 43,749
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 9,578 -
Refundable deposit account 167,418 187,594
Client Bank Account 9,188 71,178
Corporation tax 6,893 795
Other taxes and social security costs 7,655 7,550
Other creditors 8,162 7,620
208,894 274,737
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 24,827 28,000
7 Related party transactions
Other debtors includes £90,000 temporary loan given to Zenichomes Limited -13399037 which is 50% control by Mr Shiran P J Patabadige.
8 Other information
Davidson Gold Limited is a private company limited by shares and incorporated in England. Its registered office is:
109c Kenton Road
Kenton
Harrow
HA3 0AN
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