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Registered Number: 06319936
England and Wales

 

 

 

DANABI LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

Danabi Ltd
Contents Page
For the year ended 31 July 2023
Director Mr J Turner
Registered Number 06319936
Registered Office 1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
Trading Address Unit 8 The Markham Centre
Station Road
Reading
Berkshire
RG7 4PE
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Report to the directors on the preparation of the unaudited statutory accounts of Danabi Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Danabi Ltd for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Danabi Ltd, as a body, in accordance with the terms of our engagement letter dated 04 October 2023 Our work has been undertaken solely to prepare for your approval the accounts of Danabi Ltd and state those matters that we have agreed to state to the Board of Directors of Danabi Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Danabi Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Danabi Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Danabi Ltd. You consider that Danabi Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Danabi Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2023



....................................................
Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
04 October 2023
2
 
 		 Notes
 		 2023
£		   2022
£
Turnover 2,996,078    3,213,654 
Cost of sales (2,001,429)   (2,150,843)
Gross profit 994,649    1,062,811 
Administrative expenses (307,707)   (316,564)
Operating profit 686,942    746,247 
Interest payable and similar charges (54,509)   (42,974)
Profit/(Loss) on ordinary activities before taxation 632,433    703,273 
Tax on profit on ordinary activities (145,410)   (137,573)
Profit/(Loss) for the financial year 487,023    565,700 
 
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 77,063    97,587 
77,063    97,587 
Current assets      
Stocks 4 73,845    151,000 
Debtors 5 291,192    429,323 
Cash at bank and in hand 2,897,464    2,228,258 
3,262,501    2,808,581 
Creditors: amount falling due within one year 6 (946,468)   (936,819)
Net current assets 2,316,033    1,871,762 
 
Total assets less current liabilities 2,393,096    1,969,349 
Provisions for liabilities 7 (19,265)   (18,541)
Net assets 2,373,831    1,950,808 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 2,373,731    1,950,708 
Shareholder's funds 2,373,831    1,950,808 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 04 October 2023 and were signed by:


-------------------------------
Mr J Turner
Director
4
General Information
Danabi Ltd is a private company, limited by shares, registered in England and Wales, registration number 06319936, registration address 1 Andromeda House, Calleva Park, Aldermaston, Berkshire, RG7 8AP. The trading address of the company is Unit 8 The Markham Centre, Station Road, Reading, Berkshire, RG7 4PE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 August 2022 13,456    94,907    16,478    21,355    146,196 
Additions -    -    1,159    4,367    5,526 
Disposals (899)   -    -    (3,500)   (4,399)
At 31 July 2023 12,557    94,907    17,637    22,222    147,323 
Depreciation
At 01 August 2022 12,105    11,731    10,798    13,975    48,609 
Charge for year 268    20,794    1,250    3,461    25,773 
On disposals (621)   -    -    (3,501)   (4,122)
At 31 July 2023 11,752    32,525    12,048    13,935    70,260 
Net book values
Closing balance as at 31 July 2023 805    62,382    5,589    8,287    77,063 
Opening balance as at 01 August 2022 1,351    83,176    5,680    7,380    97,587 


4.

Stocks

2023
£		   2022
£
Stocks 73,845    151,000 
73,845    151,000 

5.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 278,263    417,337 
Prepayments & Accrued Income 7,579    6,736 
Other Debtors 5,350    5,250 
291,192    429,323 

6.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 170,547    265,825 
Corporation Tax 144,686    126,589 
PAYE & Social Security -    621 
Accrued Expenses 18,320    14,584 
Other Creditors 350    2,294 
Directors' Current Accounts 608,756    516,858 
VAT 3,809    10,048 
946,468    936,819 

7.

Provisions for liabilities

2023
£		   2022
£
Deferred Tax 19,265    18,541 
19,265    18,541 

5