4Dash Ltd 13213798 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is letting own property. Digita Accounts Production Advanced 6.30.9574.0 true 13213798 2022-04-01 2023-03-31 13213798 2023-03-31 13213798 core:CurrentFinancialInstruments 2023-03-31 13213798 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13213798 core:FurnitureFittings 2023-03-31 13213798 bus:SmallEntities 2022-04-01 2023-03-31 13213798 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13213798 bus:FullAccounts 2022-04-01 2023-03-31 13213798 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13213798 bus:RegisteredOffice 2022-04-01 2023-03-31 13213798 bus:Director1 2022-04-01 2023-03-31 13213798 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13213798 core:FurnitureFittings 2022-04-01 2023-03-31 13213798 countries:EnglandWales 2022-04-01 2023-03-31 13213798 2022-03-31 13213798 core:FurnitureFittings 2022-03-31 13213798 2021-02-19 2022-03-31 13213798 2022-03-31 13213798 core:CurrentFinancialInstruments 2022-03-31 13213798 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13213798 core:FurnitureFittings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13213798

4Dash Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

4Dash Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

4Dash Ltd

(Registration number: 13213798)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,262

1,141

Investment property

5

1,000,000

880,800

 

1,001,262

881,941

Current assets

 

Debtors

6

100

100

Cash at bank and in hand

 

84,255

47,435

 

84,355

47,535

Creditors: Amounts falling due within one year

7

(935,611)

(919,273)

Net current liabilities

 

(851,256)

(871,738)

Total assets less current liabilities

 

150,006

10,203

Provisions for liabilities

(29,800)

-

Net assets

 

120,206

10,203

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

89,400

-

Profit and loss account

30,706

10,103

Shareholders' funds

 

120,206

10,203

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 November 2023 and signed on its behalf by:
 

 

4Dash Ltd

(Registration number: 13213798)
Balance Sheet as at 31 March 2023

.........................................
Mr RC Dash
Director

 

4Dash Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

4Dash Ltd

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

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

4Dash Ltd

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

1,274

1,274

Additions

469

469

At 31 March 2023

1,743

1,743

Depreciation

At 1 April 2022

133

133

Charge for the year

348

348

At 31 March 2023

481

481

Carrying amount

At 31 March 2023

1,262

1,262

At 31 March 2022

1,141

1,141

5

Investment properties

2023
£

At 1 April

880,800

Fair value adjustments

119,200

At 31 March

1,000,000

There has been no valuation of investment property by an independent valuer.

 

4Dash Ltd

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

6

Debtors

2023
£

2022
£

Other debtors

100

100

100

100

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

924,919

911,250

Trade creditors

51

140

Taxation and social security

4,771

2,013

Other creditors

5,870

5,870

935,611

919,273

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

924,919

911,250