Registered number
09935671
Dark Dragon Ltd
Unaudited Filleted Accounts
For The Year Ended
31 January 2023
Dark Dragon Ltd
Registered number: 09935671
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,115 7,451
Current assets
Stocks 10,000 12,000
Debtors 4 14,816 14,500
Cash at bank and in hand 49,649 86,868
74,465 113,368
Creditors: amounts falling due within one year 5 (54,864) (77,921)
Net current assets 19,601 35,447
Total assets less current liabilities 29,716 42,898
Creditors: amounts falling due after more than one year 6 (24,252) (37,333)
Net assets 5,464 5,565
Capital and reserves
Called up share capital 90 90
Profit and loss account 5,374 5,475
Shareholders' funds 5,464 5,565
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.
S Adams
Director
Approved by the board on 31 July 2023
Dark Dragon Ltd
Notes to the Accounts
for the year ended 31 January 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 derived from the sales of drinks and bar snacks and ticket sales for events.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 19,999
Additions 9,584
At 31 January 2023 29,583
Depreciation
At 1 February 2022 12,548
Charge for the year 6,920
At 31 January 2023 19,468
Net book value
At 31 January 2023 10,115
At 31 January 2022 7,451
4 Debtors 2023 2022
£ £
Trade debtors 1,816 1,500
Other debtors 13,000 13,000
14,816 14,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,300 6,000
Trade creditors 981 -
Taxation and social security costs 23,426 49,230
Other creditors 21,157 22,691
54,864 77,921
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,252 37,333
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years - 9,450
8 Controlling party
The company is controlled by S Adams who owns 77.78% of the issued share capital.
9 Other information
Dark Dragon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71 - 75 Shelton Street
Covent Garden
London
WC2H 9JQ
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