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Company Registration No. 11801216 (England and Wales)
DAMASCENA JQ LIMITED Unaudited accounts for the year ended 30 June 2023
DAMASCENA JQ LIMITED Unaudited accounts Contents
Page
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DAMASCENA JQ LIMITED Company Information for the year ended 30 June 2023
Director
Anas Zein Al-Abdeen
Company Number
11801216 (England and Wales)
Registered Office
Unit 1 Heritage Court 17-21 WARSTONE LANE BIRMINGHAM B18 6HD UK
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DAMASCENA JQ LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,857 
25,475 
Current assets
Debtors
1,257 
(12,944)
Cash at bank and in hand
31,667 
24,145 
32,924 
11,201 
Creditors: amounts falling due within one year
(104,547)
(97,336)
Net current liabilities
(71,623)
(86,135)
Total assets less current liabilities
(59,766)
(60,660)
Creditors: amounts falling due after more than one year
(38,427)
(81,408)
Net liabilities
(98,193)
(142,068)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(98,194)
(142,069)
Shareholders' funds
(98,193)
(142,068)
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2023 and were signed on its behalf by
Anas Zein Al-Abdeen Director Company Registration No. 11801216
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DAMASCENA JQ LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
DAMASCENA JQ LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11801216. The registered office is Unit 1 Heritage Court , 17-21 WARSTONE LANE, BIRMINGHAM, B18 6HD, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 20%
Fixtures & fittings
Straight Line 25%
Computer equipment
Straight Line 33.33%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
40,653 
18,407 
3,631 
62,691 
At 30 June 2023
40,653 
18,407 
3,631 
62,691 
Depreciation
At 1 July 2022
21,613 
12,776 
2,827 
37,216 
Charge for the year
8,417 
4,602 
599 
13,618 
At 30 June 2023
30,030 
17,378 
3,426 
50,834 
Net book value
At 30 June 2023
10,623 
1,029 
205 
11,857 
At 30 June 2022
19,040 
5,631 
804 
25,475 
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DAMASCENA JQ LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
(13,065)
Trade debtors
1,257 
121 
1,257 
(12,944)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
61,429 
45,921 
Other creditors
(6,206)
3,456 
Loans from directors
50,825 
50,500 
Accruals
(1,501)
(2,541)
104,547 
97,336 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,427 
81,408 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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