Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10383354 2021-01-01 2021-12-31 10383354 2020-01-01 2020-12-31 10383354 2021-12-31 10383354 2020-12-31 10383354 c:Director1 2021-01-01 2021-12-31 10383354 d:OfficeEquipment 2021-01-01 2021-12-31 10383354 d:OfficeEquipment 2021-12-31 10383354 d:OfficeEquipment 2020-12-31 10383354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10383354 d:CurrentFinancialInstruments 2021-12-31 10383354 d:CurrentFinancialInstruments 2020-12-31 10383354 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10383354 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10383354 d:ShareCapital 2021-12-31 10383354 d:ShareCapital 2020-12-31 10383354 d:RetainedEarningsAccumulatedLosses 2021-12-31 10383354 d:RetainedEarningsAccumulatedLosses 2020-12-31 10383354 c:OrdinaryShareClass1 2021-01-01 2021-12-31 10383354 c:OrdinaryShareClass1 2021-12-31 10383354 c:OrdinaryShareClass1 2020-12-31 10383354 c:FRS102 2021-01-01 2021-12-31 10383354 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10383354 c:FullAccounts 2021-01-01 2021-12-31 10383354 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10383354 2 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10383354










DEAD UNIVERSE COMICS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
DEAD UNIVERSE COMICS LIMITED
REGISTERED NUMBER: 10383354

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
758
-

  
758
-

Current assets
  

Stocks
  
73,319
67,581

Debtors: amounts falling due within one year
 5 
1,803
1,015

Cash at bank and in hand
 6 
9,812
12,027

  
84,934
80,623

Creditors: amounts falling due within one year
 7 
(31,871)
(43,552)

Net current assets
  
 
 
53,063
 
 
37,071

Total assets less current liabilities
  
53,821
37,071

  

Net assets
  
53,821
37,071


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
52,821
36,071

  
53,821
37,071


Page 1

 
DEAD UNIVERSE COMICS LIMITED
REGISTERED NUMBER: 10383354
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2022.




Mrs R Hine
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DEAD UNIVERSE COMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Dead Universe Comics Limited is a compnay domiciled in England and Wales, registration number 10383354.  The registered office is 5 Bourbon Street, Aylesbury, Bucks HP20 2PZ

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
DEAD UNIVERSE COMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
DEAD UNIVERSE COMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2020 - 5).

Page 5

 
DEAD UNIVERSE COMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
807



At 31 December 2021

807



Depreciation


Charge for the year on owned assets
49



At 31 December 2021

49



Net book value



At 31 December 2021
758



At 31 December 2020
-


5.


Debtors

2021
2020
£
£


Other debtors
-
723

Prepayments and accrued income
1,803
292

1,803
1,015



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
9,812
12,027

9,812
12,027


Page 6

 
DEAD UNIVERSE COMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,106
4,000

Corporation tax
3,694
8,186

Other taxation and social security
3,044
313

Other creditors
22,827
29,853

Accruals and deferred income
1,200
1,200

31,871
43,552



8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £10.00 each
1,000
1,000


 
Page 7