Registered number
07298349
Danous Limited
Filleted Accounts
30 June 2023
Danous Limited
Registered number: 07298349
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 234,753 241,036
Current assets
Debtors 4 1,731 -
Cash at bank and in hand 18,605 10,758
20,336 10,758
Creditors: amounts falling due within one year 5 (118,427) (111,470)
Net current liabilities (98,091) (100,712)
Total assets less current liabilities 136,662 140,324
Creditors: amounts falling due after more than one year 6 (45,270) (54,378)
Net assets 91,392 85,946
Capital and reserves
Called up share capital 100 100
Profit and loss account 91,292 85,846
Shareholder's funds 91,392 85,946
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sugandree Chavda
Director
Approved by the board on 7 March 2024
Danous Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 30% straight line
Property 2% straight line
Motor vehicles 25% straight line
Fixtures and fittings 10% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 292,900 13,232 84,916 391,048
Additions - 1,405 - 1,405
At 30 June 2023 292,900 14,637 84,916 392,453
Depreciation
At 1 July 2022 60,093 5,003 84,916 150,012
Charge for the year 5,858 1,830 - 7,688
At 30 June 2023 65,951 6,833 84,916 157,700
Net book value
At 30 June 2023 226,949 7,804 - 234,753
At 30 June 2022 232,807 8,229 - 241,036
4 Debtors 2023 2022
£ £
Trade debtors 1,731 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,260 17,978
Taxation and social security costs 963 (4,077)
Other creditors 105,204 97,569
118,427 111,470
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 45,270 54,378
7 Controlling party
The company is controlled by the director Sugandree Chavda, who also owns 100% of the issued shares in the company.
8 Other information
Danous Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
First Floor
London
England
W1W 7LT
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