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COMPANY REGISTRATION NUMBER: 14106968
D SIASAKOS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 May 2023
D SIASAKOS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 13 MAY 2022 TO 31 MAY 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
D SIASAKOS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Prof D Siasakos
Ms A M Siasakos
Registered office
Lynton House
7-12 Tavistock Square
London
United Kingdom
WC1H 9BQ
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
D SIASAKOS LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2023
31 May 23
Note
£
£
FIXED ASSETS
Tangible assets
4
4,399
CURRENT ASSETS
Debtors
5
3,265
Cash at bank and in hand
65,875
--------
69,140
CREDITORS: amounts falling due within one year
6
( 22,035)
--------
NET CURRENT ASSETS
47,105
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
51,504
--------
NET ASSETS
51,504
--------
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
51,404
--------
SHAREHOLDERS FUNDS
51,504
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the Period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
Prof D Siasakos
Director
Company registration number: 14106968
D SIASAKOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 13 MAY 2022 TO 31 MAY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% straight line
Equipment - 25% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 13 May 2022
Additions
5,005
860
5,865
-------
----
-------
At 31 May 2023
5,005
860
5,865
-------
----
-------
Depreciation
At 13 May 2022
Charge for the period
1,251
215
1,466
-------
----
-------
At 31 May 2023
1,251
215
1,466
-------
----
-------
Carrying amount
At 31 May 2023
3,754
645
4,399
-------
----
-------
5. Debtors
31 May 23
£
Trade debtors
3,265
-------
6. Creditors: amounts falling due within one year
31 May 23
£
Corporation tax
13,044
Other creditors
8,991
--------
22,035
--------