IRIS Accounts Production v23.3.0.418 02051476 Board of Directors 1.7.22 30.6.23 30.6.23 23.10.23 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020514762022-06-30020514762023-06-30020514762022-07-012023-06-30020514762021-06-30020514762021-07-012022-06-30020514762022-06-3002051476ns10:Originalns15:EnglandWales2022-07-012023-06-3002051476ns14:PoundSterlingns10:Original2022-07-012023-06-3002051476ns10:Originalns10:Director12022-07-012023-06-3002051476ns10:Original2022-07-012023-06-3002051476ns10:Original2023-06-3002051476ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002051476ns10:Originalns10:SmallEntities2022-07-012023-06-3002051476ns10:Originalns10:Audited2022-07-012023-06-3002051476ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002051476ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002051476ns10:Originalns10:FullAccounts2022-07-012023-06-3002051476ns10:Originalns10:Director32022-07-012023-06-3002051476ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002051476ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002051476ns10:Original2022-06-3002051476ns10:Originalns5:CurrentFinancialInstruments2023-06-3002051476ns10:Originalns5:CurrentFinancialInstruments2022-06-3002051476ns5:ShareCapitalns10:Original2023-06-3002051476ns5:ShareCapitalns10:Original2022-06-3002051476ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002051476ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002051476ns10:Original12022-07-012023-06-3002051476ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3002051476ns10:Originalns5:PlantMachinery2022-07-012023-06-3002051476ns10:Original2021-07-012022-06-3002051476ns10:Originalns5:LandBuildings2022-06-3002051476ns10:Originalns5:PlantMachinery2022-06-3002051476ns10:Original2022-06-3002051476ns10:Originalns5:LandBuildings2022-07-012023-06-3002051476ns10:Originalns5:LandBuildings2023-06-3002051476ns10:Originalns5:PlantMachinery2023-06-3002051476ns10:Originalns5:LandBuildings2022-06-3002051476ns10:Originalns5:PlantMachinery2022-06-3002051476ns10:Originalns5:CostValuation2022-06-30
REGISTERED NUMBER: 02051476 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DAMAJODO LIMITED

DAMAJODO LIMITED (REGISTERED NUMBER: 02051476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAMAJODO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr J H Russell
Mrs C J Russell





SECRETARY: Mr J H Russell





REGISTERED OFFICE: Mosley Road
Trafford Park
Manchester
M17 1QA





REGISTERED NUMBER: 02051476 (England and Wales)





AUDITORS: Dunhams
Chartered Accountants and
Statutory Auditor
11 Warwick Road
Old Trafford
Stretford
Manchester
M16 0QQ

DAMAJODO LIMITED (REGISTERED NUMBER: 02051476)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 404 2,625
Investments 5 44,182 44,182
44,586 46,807

CURRENT ASSETS
Debtors 6 108,355 180,000
Cash at bank 1,762,648 1,846,698
1,871,003 2,026,698
CREDITORS
Amounts falling due within one year 7 (33,238 ) (160,635 )
NET CURRENT ASSETS 1,837,765 1,866,063
TOTAL ASSETS LESS CURRENT LIABILITIES 1,882,351 1,912,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,882,251 1,912,770
SHAREHOLDERS' FUNDS 1,882,351 1,912,870

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mr J H Russell - Director


DAMAJODO LIMITED (REGISTERED NUMBER: 02051476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Damajodo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Damajodo Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors believe that there are no critical accounting judgements or key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DAMAJODO LIMITED (REGISTERED NUMBER: 02051476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 52,175 2,971 55,146
DEPRECIATION
At 1 July 2022 50,088 2,433 52,521
Charge for year 2,087 134 2,221
At 30 June 2023 52,175 2,567 54,742
NET BOOK VALUE
At 30 June 2023 - 404 404
At 30 June 2022 2,087 538 2,625

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 44,182
NET BOOK VALUE
At 30 June 2023 44,182
At 30 June 2022 44,182

DAMAJODO LIMITED (REGISTERED NUMBER: 02051476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 108,355 180,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,472 13,111
Social security and other taxes 5 46
Net pay control (14 ) -
VAT 523 12,525
Directors' current accounts 8,684 19,034
Accrued expenses 21,568 115,919
33,238 160,635

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Edwards FCA ACCA (Senior Statutory Auditor)
for and on behalf of Dunhams

9. RELATED PARTY DISCLOSURES

During the year the company received management fees of £133,355 (2022 £300,000) and dividends of £Nil(2022 £95,000) from a subsidiary company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Russell.