DNE CAPITAL LTD

Company Registration Number:
11692232 (England and Wales)

Unaudited statutory accounts for the year ended 21 November 2023

Period of accounts

Start date: 22 November 2022

End date: 21 November 2023

DNE CAPITAL LTD

Contents of the Financial Statements

for the Period Ended 21 November 2023

Balance sheet
Additional notes
Balance sheet notes

DNE CAPITAL LTD

Balance sheet

As at 21 November 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 1,000,327 951,088
Cash at bank and in hand: 20,000 14,732
Total current assets: 1,020,327 965,820
Creditors: amounts falling due within one year: 4 ( 510,913 ) ( 644,738 )
Net current assets (liabilities): 509,414 321,082
Total assets less current liabilities: 509,414 321,082
Creditors: amounts falling due after more than one year: 5 ( 525,000 ) ( 327,221 )
Total net assets (liabilities): (15,586) (6,139)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (15,686 ) (6,239 )
Total Shareholders' funds: ( 15,586 ) (6,139)

The notes form part of these financial statements

DNE CAPITAL LTD

Balance sheet statements

For the year ending 21 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 November 2023
and signed on behalf of the board by:

Name: Elena Dissegna
Status: Director

The notes form part of these financial statements

DNE CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 21 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognition:Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assetsTangible 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 is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives on a straight line basis.

    Other accounting policies

    General information:The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is:77A Park Road LondonNW4 3PAUnited KingdomThese financial statements were authorised for issue by the director on 22/11/2023.Accounting policies:Summary of significant accounting policies and key accounting estimatesThe 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.Judgements:The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.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.Stocks:Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.Trade creditors:Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.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.Financial instruments:ClassificationThe company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

DNE CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 21 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

DNE CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 21 November 2023

3. Stocks

2023 2022
£ £
Stocks 1,000,327 951,088
Total 1,000,327 951,088

DNE CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 21 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 1,140
Other creditors 510,913 643,598
Total 510,913 644,738

DNE CAPITAL LTD

Notes to the Financial Statements

for the Period Ended 21 November 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 525,000 327,221
Total 525,000 327,221