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Dragonflies Ltd
Registered Number:10063702
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Dragonflies Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10063702
As at 28 February 2023
Dragonflies Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
60,630
Cash and cash equivalents
56,178
56,178
60,630
Trade and other payables: amounts falling due within one year
(13,128)
(18,676)
3
47,502
37,502
Net current assets
Total assets less current liabilities
37,502
47,502
Trade and other payables: amounts falling due after more than
one year
(47,500)
(37,500)
4
2
Net assets
2
Capital and reserves
Called up share capital
2
2
2
2
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so
far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Kate Alexis Horner Director
Mrs Kathrynn Fraser Director
These financial statements were approved and authorised for issue by the Board on 14 August 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Dragonflies Ltd
Notes to the Financial Statements
Statutory Information
Dragonflies Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10063702.
Principal place of business:
Unit 27 Witham House
Mandale Business Park
Belmont Industrial Estate
Durham
DH1 1TH
Registered address:
13 Mary Street
Sunderland
Tyne & Wear
SR1 3NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
25% Straight line
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or valuation
At 01 March 2022
101,791
50,003
51,788
At 28 February 2023
51,788
50,003
101,791
Provision for depreciation and impairment
At 01 March 2022
101,791
50,003
51,788
At 28 February 2023
101,791
50,003
51,788
At 28 February 2023
Net book value
-
-
-
At 28 February 2022
-
-
-
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5
For the year ended 28 February 2023
Dragonflies Ltd
Notes to the Financial Statements Continued
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following basis:
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
4,562
Taxation and social security
18,345
5,846
Other creditors
331
2,720
18,676
13,128
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
37,500
47,500
5. Average number of persons employed
During the year the average number of employees was 8 (2022 : 8)
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