Registered number
06067372
D & A Naden Ltd
Filleted Accounts
31 March 2023
D & A Naden Ltd
Registered number: 06067372
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 144 192
Current assets
Debtors 4 13,991 -
Cash at bank and in hand 50,000 36,053
63,991 36,053
Creditors: amounts falling due within one year 5 (40,544) (35,759)
Net current assets 23,447 294
Net assets 23,591 486
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,491 386
Shareholders' funds 23,591 486
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D W Naden
Director
Approved by the board on 6 October 2023
D & A Naden Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 2,185
At 31 March 2023 2,185
Depreciation
At 1 April 2022 1,993
Charge for the year 48
At 31 March 2023 2,041
Net book value
At 31 March 2023 144
At 31 March 2022 192
4 Debtors 2023 2022
£ £
Trade debtors 13,991 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,968 12,872
Trade creditors 570 -
Taxation and social security costs 10,826 5,417
Other creditors 19,180 17,470
40,544 35,759
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D W Naden
Directors loan (16,930) 20,750 (23,000) (19,180)
(16,930) 20,750 (23,000) (19,180)
7 Controlling party
The controlling party is DW Naden by virtue of shareholding.
8 Other information
D & A Naden Ltd is a private company limited by shares and incorporated in England. Its registered office is:
33 St Davids Road
Miskin
Pontyclun
CF72 8PW
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