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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DIPAW LIMITED

DIPAW LIMITED (REGISTERED NUMBER: 06147099)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIPAW LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTOR: Mr P A Warwick





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 06147099 (England and Wales)






DIPAW LIMITED (REGISTERED NUMBER: 06147099)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,629 13,997
10,629 13,997

CURRENT ASSETS
Debtors 6 409 55,081
Cash at bank 78,893 59,060
79,302 114,141
CREDITORS
Amounts falling due within one year 7 (21,853 ) (24,688 )
NET CURRENT ASSETS 57,449 89,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,078

103,450

PROVISIONS FOR LIABILITIES (2,657 ) (2,659 )
NET ASSETS 65,421 100,791

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 65,420 100,790
SHAREHOLDERS' FUNDS 65,421 100,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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 director and authorised for issue on 26 September 2023 and were signed by:





Mr P A Warwick - Director


DIPAW LIMITED (REGISTERED NUMBER: 06147099)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Dipaw 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.

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.

Turnover
Turnover is recognised as the right to consideration obtained through the performance of contractual obligations.

Goodwill
Goodwill represents the difference between the fair value of the consideration paid on acquisition of a business and the fair value of its separable net assets at the date of acquisition in 2007. Goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DIPAW LIMITED (REGISTERED NUMBER: 06147099)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 25,000
AMORTISATION
At 1 June 2022
and 31 May 2023 25,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 20,807 4,048 24,855
DEPRECIATION
At 1 June 2022 8,128 2,730 10,858
Charge for year 3,170 198 3,368
At 31 May 2023 11,298 2,928 14,226
NET BOOK VALUE
At 31 May 2023 9,509 1,120 10,629
At 31 May 2022 12,679 1,318 13,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 54,409
VAT - 43
Prepayments 409 629
409 55,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 19,270 22,429
Other creditors 2,583 2,259
21,853 24,688

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

DIPAW LIMITED (REGISTERED NUMBER: 06147099)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr P A Warwick
Balance outstanding at start of year 54,409 -
Amounts advanced - 166,596
Amounts repaid (54,409 ) (112,187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 54,409

Loans to the Director during the period under review were unsecured and repayable on demand. Interest was charged on the overdrawn loan balance at a rate of 2% per annum.