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Company No: 13350235 (England and Wales)

DUBLAR LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

DUBLAR LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

DUBLAR LIMITED

BALANCE SHEET

As at 31 July 2023
DUBLAR LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.2023 31.07.2022
£ £
Fixed assets
Tangible assets 3 3,026 1,977
3,026 1,977
Current assets
Debtors 4 65,119 40,211
Cash at bank and in hand 8,153 6,346
73,272 46,557
Creditors: amounts falling due within one year 5 ( 31,186) ( 47,204)
Net current assets/(liabilities) 42,086 (647)
Total assets less current liabilities 45,112 1,330
Provision for liabilities ( 757) ( 494)
Net assets 44,355 836
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 44,353 834
Total shareholders' funds 44,355 836

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Dublar Limited (registered number: 13350235) were approved and authorised for issue by the Director on 30 January 2024. They were signed on its behalf by:

Mr H Thomas
Director
DUBLAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
DUBLAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Dublar Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
31.07.2023
Period from
21.04.2021 to
31.07.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 0

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 August 2022 378 2,498 2,876
Additions 337 1,341 1,678
At 31 July 2023 715 3,839 4,554
Accumulated depreciation
At 01 August 2022 118 781 899
Charge for the financial year 98 531 629
At 31 July 2023 216 1,312 1,528
Net book value
At 31 July 2023 499 2,527 3,026
At 31 July 2022 260 1,717 1,977

4. Debtors

31.07.2023 31.07.2022
£ £
Trade debtors 16,407 0
Amounts owed by director 47,903 40,211
VAT recoverable 509 0
Other debtors 300 0
65,119 40,211

5. Creditors: amounts falling due within one year

31.07.2023 31.07.2022
£ £
Trade creditors 0 2,882
Accruals 2,374 2,250
Corporation tax 28,812 38,525
Other taxation and social security 0 3,422
Other creditors 0 125
31,186 47,204

6. Called-up share capital

31.07.2023 31.07.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 (31.07.2022: 2 shares of £ 1.00 each) 1 2
1 Ordinary A share of £ 1.00 (31.07.2022: nil shares) 1 0
2 2

7. Related party transactions

Transactions with the entity's director

31.07.2023 31.07.2022
£ £
Director Balance b/fwd 0 0
Advances to director 133,827 0
Funds introduced by director (93,616) 0
0 0
At 31 July 40,211 0
0 0

Interest is charged at the official rate of 2.25% repayable on demand.