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REGISTERED NUMBER: 07090050 (England and Wales)
















Donna Wilson Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






Donna Wilson Limited (Registered number: 07090050)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Donna Wilson Limited

Company Information
for the Year Ended 31st March 2023







Director: Ms D M Wilson





Registered office: 7 Bell Yard
London
WC2A 2JR





Registered number: 07090050 (England and Wales)





Accountants: AN Accountancy
Accountants
4th Floor
100 Fenchurch Street
London
United Kingdom
EC3M 5JD

Donna Wilson Limited (Registered number: 07090050)

Statement of Financial Position
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 124,791 162,718
124,791 162,718

Current assets
Stocks 136,250 116,837
Debtors 6 58,613 52,187
Cash at bank and in hand 277,785 278,793
472,648 447,817
Creditors
Amounts falling due within one year 7 123,327 145,259
Net current assets 349,321 302,558
Total assets less current liabilities 474,112 465,276

Provisions for liabilities 31,198 28,402
Net assets 442,914 436,874

Capital and reserves
Called up share capital 2 2
Retained earnings 442,912 436,872
442,914 436,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Donna Wilson Limited (Registered number: 07090050)

Statement of Financial Position - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th June 2023 and were signed by:





Ms D M Wilson - Director


Donna Wilson Limited (Registered number: 07090050)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. Statutory information

Donna Wilson 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.

It is unclear how the 2020 coronavirus will impact the company and given that the severity cannot be reliably estimated, the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of identifiable assets, liabilities and contigent liabilities of the aquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses, it is amortised on a straight-line basis over its useful life. where a reliable estimate of the useful life of goodwill or intangiable assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Donna Wilson Limited (Registered number: 07090050)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st April 2022
and 31st March 2023 35,000
Amortisation
At 1st April 2022
and 31st March 2023 35,000
Net book value
At 31st March 2023 -
At 31st March 2022 -

Donna Wilson Limited (Registered number: 07090050)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st April 2022 267,696
Additions 2,965
At 31st March 2023 270,661
Depreciation
At 1st April 2022 104,978
Charge for year 40,892
At 31st March 2023 145,870
Net book value
At 31st March 2023 124,791
At 31st March 2022 162,718

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 50,613 33,790
Other debtors 8,000 18,397
58,613 52,187

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 53,397 80,785
Taxation and social security 25,996 3,951
Other creditors 43,934 60,523
123,327 145,259