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Company Registration No. 11902856 (England and Wales)
The Daisy Chain Group International Ltd Unaudited accounts for the year ended 31 March 2023
The Daisy Chain Group International Ltd Unaudited accounts Contents
Page
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The Daisy Chain Group International Ltd Company Information for the year ended 31 March 2023
Director
Trudy Simmons
Company Number
11902856 (England and Wales)
Registered Office
124 City road London EC1V 2NX
Accountants
For and on Behalf of Tee Accounts Limited t/a On The Spot Rosehill House Polgooth PL26 7BA
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The Daisy Chain Group International Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,000 
7,000 
Tangible assets
543 
1,252 
6,543 
8,252 
Current assets
Debtors
3,290 
2,097 
Cash at bank and in hand
6,252 
24,281 
9,542 
26,378 
Creditors: amounts falling due within one year
(6,447)
(19,460)
Net current assets
3,095 
6,918 
Total assets less current liabilities
9,638 
15,170 
Creditors: amounts falling due after more than one year
(9,591)
(11,712)
Net assets
47 
3,458 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
27 
3,438 
Shareholders' funds
47 
3,458 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Trudy Simmons Director Company Registration No. 11902856
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The Daisy Chain Group International Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Daisy Chain Group International Ltd is a private company, limited by shares, registered in England and Wales, registration number 11902856. The registered office is 124 City road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line, per annum
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Government grants
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
10,000 
At 31 March 2023
10,000 
Amortisation
At 1 April 2022
3,000 
Charge for the year
1,000 
At 31 March 2023
4,000 
Net book value
At 31 March 2023
6,000 
At 31 March 2022
7,000 
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The Daisy Chain Group International Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
2,125 
At 31 March 2023
2,125 
Depreciation
At 1 April 2022
873 
Charge for the year
709 
At 31 March 2023
1,582 
Net book value
At 31 March 2023
543 
At 31 March 2022
1,252 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,097 
Other debtors
3,290 
- 
3,290 
2,097 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,811 
2,811 
VAT
1,660 
4,177 
Trade creditors
472 
13 
Taxes and social security
1,504 
3,116 
Loans from directors
- 
921 
Deferred income
- 
8,422 
6,447 
19,460 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,591 
11,712 
9
Loans to directors
During the year, a director of the company owed a balance of £3,290 (2022: £0) remaining unpaid to the company at the year end. The transactions have been conducted under normal market conditions.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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