Registered number
08194482
Ask Dent Limited
Filleted Accounts
31 August 2023
Ask Dent Limited
Registered number: 08194482
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,591 4,404
Investments 4 287,035 288,075
294,626 292,479
Current assets
Debtors 5 324,408 320,251
Cash at bank and in hand 262,112 89,030
586,520 409,281
Creditors: amounts falling due within one year 7 (35,606) (53,256)
Net current assets 550,914 356,025
Total assets less current liabilities 845,540 648,504
Creditors: amounts falling due after more than one year 8 (125,845) (24,426)
Net assets 719,695 624,078
Capital and reserves
Called up share capital 100 100
Profit and loss account 719,595 623,978
Shareholders' funds 719,695 624,078
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.
Mr Kishan Patel
Director
Approved by the board on 16 October 2023
Ask Dent Limited
Notes to the Accounts
for the year ended 31 August 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:
Plant and machinery 20% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 11,148
Additions 5,085
At 31 August 2023 16,233
Depreciation
At 1 September 2022 6,744
Charge for the year 1,898
At 31 August 2023 8,642
Net book value
At 31 August 2023 7,591
At 31 August 2022 4,404
4 Investments
Other
investments
£
Cost
At 1 September 2022 288,075
Revaluation (1,040)
At 31 August 2023 287,035
5 Debtors 2023 2022
£ £
Trade debtors 24,008 -
s455 Tax - 18,304
Other debtors 300,400 301,947
324,408 320,251
6 Investments held as current assets 2023 2022
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments (4,336) 2,554
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,900 30,747
Taxation and social security costs 25,266 22,062
Other creditors 1,440 447
35,606 53,256
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,894 24,426
Other creditors 109,951 -
125,845 24,426
9 Related party transactions 2023 2022
£ £
ARKIP Properties Ltd
Both companies have common directors and shareholders. 300,400 300,400
During the year (2021-22) ASK Dent Ltd had
given a loan of £300,400 to ARKIP Properties Ltd,
included within other debtors.
10 Other information
Ask Dent Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Gordon Avenue
Stanmore
London
UK
HA7 3QH
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