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REGISTERED NUMBER: 07782536 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Damask Green Limited

Damask Green Limited (Registered number: 07782536)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Damask Green Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: T J Gibson





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 07782536 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Damask Green Limited (Registered number: 07782536)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 879,877 239,131

CURRENT ASSETS
Debtors 5 1,550 34,574
Cash at bank 456,613 188,203
458,163 222,777
CREDITORS
Amounts falling due within one year 6 763,042 28,433
NET CURRENT (LIABILITIES)/ASSETS (304,879 ) 194,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

574,998

433,475

CREDITORS
Amounts falling due after more than
one year

7

(499,499

)

(347,147

)

PROVISIONS FOR LIABILITIES 8 (244 ) (270 )
NET ASSETS 75,255 86,058

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 75,155 85,958
SHAREHOLDERS' FUNDS 75,255 86,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Damask Green Limited (Registered number: 07782536)

Balance Sheet - continued
28 February 2023


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 3 October 2023 and were signed by:





T J Gibson - Director


Damask Green Limited (Registered number: 07782536)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Damask Green 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.

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 - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Damask Green Limited (Registered number: 07782536)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 237,709 5,231 242,940
Additions 640,885 - 640,885
At 28 February 2023 878,594 5,231 883,825
DEPRECIATION
At 1 March 2022 - 3,809 3,809
Charge for year - 139 139
At 28 February 2023 - 3,948 3,948
NET BOOK VALUE
At 28 February 2023 878,594 1,283 879,877
At 28 February 2022 237,709 1,422 239,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 1,550 34,574

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security (21,938 ) (13,458 )
Other creditors 784,980 41,891
763,042 28,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 499,499 347,147

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 499,499 347,147

Damask Green Limited (Registered number: 07782536)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 244 270

Deferred
tax
£   
Balance at 1 March 2022 270
Credit to Income Statement during year (26 )
Balance at 28 February 2023 244

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 85,958
Deficit for the year (10,803 )
At 28 February 2023 75,155

11. ULTIMATE CONTROLLING PARTY

The controlling party is T J Gibson.