2022-03-01 02849050 2023-02-28 02849050 2022-03-01 2023-02-28 02849050 2022-02-28 02849050 2021-03-01 2022-02-28 02849050 uk-core:WithinOneYear 2022-02-28 02849050 uk-core:WithinOneYear 2023-02-28 02849050 uk-core:AfterOneYear 2022-02-28 02849050 uk-core:AfterOneYear 2023-02-28 02849050 uk-core:ShareCapital 2023-02-28 02849050 uk-core:ShareCapital 2022-02-28 02849050 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 02849050 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 02849050 uk-bus:Director1 2022-03-01 2023-02-28 02849050 uk-core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure 02849050 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 02849050 uk-bus:FRS102 2022-03-01 2023-02-28 02849050 uk-bus:FullAccounts 2022-03-01 2023-02-28 02849050 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Demirose Limited
Registered Number:02849050
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
02849050
As at 28 February 2023
Demirose Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
58,862
58,240
58,862
58,240
Current assets
Inventories
2,135
2,456
2
Trade and other receivables
13,377
3,906
3
102,953
Cash and cash equivalents
109,523
115,885
118,465
Trade and other payables: amounts falling due within one
year
(27,286)
(34,725)
4
91,179
81,160
Net current assets
Total assets less current liabilities
140,022
149,419
Trade and other payables: amounts falling due after more
than one year
(108,474)
(89,474)
5
50,548
Net assets
40,945
Capital and reserves
Called up share capital
2
2
Retained earnings
50,546
40,943
50,548
40,945
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.
Rozmina Ladak Director
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by:
The notes form part of these financial statements
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3
For the year ended 28 February 2023
Demirose Limited
Notes to the Financial Statements
Statutory Information
Demirose Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
02849050.
Registered address:
138 Gloucester Road
London
SW7 4SF
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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 Reducing balance
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Inventories
2022
2023
£
£
Stocks
2,456
2,135
3. Trade and other receivables
2022
2023
£
£
Trade debtors
1,793
1,844
Other debtors
2,113
11,533
13,377
3,906
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4
For the year ended 28 February 2023
Demirose Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
8,022
5,296
Taxation and social security
21,403
15,061
Other creditors
5,300
6,929
34,725
27,286
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
89,474
108,474
6. Average number of persons employed
During the year the average number of employees was 5 (2022 : 4)
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