Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-02-01falseThe principal activity of the company continued to be that of a finance company1true 03373636 2022-02-01 2023-01-31 03373636 2021-02-01 2022-01-31 03373636 2023-01-31 03373636 2022-01-31 03373636 2021-02-01 03373636 c:Director1 2022-02-01 2023-01-31 03373636 d:FurnitureFittings 2022-02-01 2023-01-31 03373636 d:FurnitureFittings 2023-01-31 03373636 d:FurnitureFittings 2022-01-31 03373636 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 03373636 d:CurrentFinancialInstruments 2023-01-31 03373636 d:CurrentFinancialInstruments 2022-01-31 03373636 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03373636 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 03373636 d:ShareCapital 2023-01-31 03373636 d:ShareCapital 2022-01-31 03373636 d:RetainedEarningsAccumulatedLosses 2023-01-31 03373636 d:RetainedEarningsAccumulatedLosses 2022-01-31 03373636 c:OrdinaryShareClass1 2022-02-01 2023-01-31 03373636 c:OrdinaryShareClass1 2023-01-31 03373636 c:OrdinaryShareClass1 2022-01-31 03373636 c:OrdinaryShareClass2 2022-02-01 2023-01-31 03373636 c:OrdinaryShareClass2 2023-01-31 03373636 c:OrdinaryShareClass2 2022-01-31 03373636 c:OrdinaryShareClass3 2022-02-01 2023-01-31 03373636 c:OrdinaryShareClass3 2023-01-31 03373636 c:OrdinaryShareClass3 2022-01-31 03373636 c:FRS102 2022-02-01 2023-01-31 03373636 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 03373636 c:FullAccounts 2022-02-01 2023-01-31 03373636 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 03373636 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 03373636 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 03373636 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 03373636 d:TaxLossesCarry-forwardsDeferredTax 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03373636














DOGWOOD LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
DOGWOOD LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
DOGWOOD LIMITED
REGISTERED NUMBER:03373636

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
596
569

  
596
569

Current assets
  

Debtors: amounts falling due within one year
 5 
1,918,388
2,376,855

Cash at bank and in hand
 6 
136,879
330,258

  
2,055,267
2,707,113

Creditors: amounts falling due within one year
 7 
(231,104)
(480,141)

Net current assets
  
 
 
1,824,163
 
 
2,226,972

Total assets less current liabilities
  
1,824,759
2,227,541

Provisions for liabilities
  

Deferred tax
 8 
-
(143)

  
 
 
-
 
 
(143)

Net assets
  
1,824,759
2,227,398


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,824,659
2,227,298

  
1,824,759
2,227,398


1

 
DOGWOOD LIMITED
REGISTERED NUMBER:03373636
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R A Gold
Director

Date: 20 October 2023

The notes on pages 3 to 8 form part of these financial statements.

2

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Dogwood Limited is a private limited company, registered in England and Wales with registration number 03373636. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of a finance company.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.3

Turnover

Turnover comprises of revenue recognised by the company in respect of providing financial services during the year.

3

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

4

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

 Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

5

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2022
4,750


Additions
414


Disposals
(3,153)



At 31 January 2023

2,011



Depreciation


At 1 February 2022
4,180


Charge for the year on owned assets
388


Disposals
(3,153)



At 31 January 2023

1,415



Net book value



At 31 January 2023
596



At 31 January 2022
569

6

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,814,500
2,324,500

Other debtors
52,353
52,355

Deferred taxation
51,535
-

1,918,388
2,376,855



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
136,879
330,258



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
47,069

Other creditors
226,028
428,176

Accruals
5,076
4,896

231,104
480,141



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(143)
(181)


Charged to profit or loss
51,678
38



At end of year
51,535
(143)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(149)
(143)

Tax losses carried forward
51,684
-

51,535
(143)

7

 
DOGWOOD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20 (2022 - 20) Ordinary A shares of £1.00 each
20
20
20 (2022 - 20) Ordinary B shares of £1.00 each
20
20
60 (2022 - 60) Ordinary C shares of £1.00 each
60
60

100

100



10.


Related party transactions

Included in other creditors is an amount of £226,029 (2022 - £428,176) owing to the director. This is an interest free loan that is repayable on demand.
Included in other debtors is an amount of £52,354 (2022 - £52,354owed from a company under common control. This is an interest free loan that is repayable on demand.
 

 
8