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COMPANY REGISTRATION NUMBER: 09143576
DEDE Ltd
Filleted Unaudited Financial Statements
31 July 2023
DEDE Ltd
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,000
3,770
Current assets
Debtors
6
8
9
Cash at bank and in hand
80
69
----
----
88
78
Creditors: Amounts falling due within one year
7
3,795
789
-------
----
Net current liabilities
3,707
711
-------
-------
Total assets less current liabilities
( 1,707)
3,059
Creditors: Amounts falling due after more than one year
8
4,862
7,156
-------
-------
Net liabilities
( 6,569)
( 4,097)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 6,669)
( 4,197)
-------
-------
Shareholders deficit
( 6,569)
( 4,097)
-------
-------
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 income and retained earnings has not been delivered.
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DEDE Ltd
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 3 April 2024 , and are signed on behalf of the board by:
MR D Drynda
Director
Company registration number: 09143576
DEDE Ltd
Notes to the Financial Statements
Year ended 31 July 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 94 Bassett Road, Wednesbury, WS10 0HH.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
-
20% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
5,000
2,916
7,916
-------
-------
-------
Depreciation
At 1 August 2022
2,000
2,146
4,146
Charge for the year
1,000
770
1,770
-------
-------
-------
At 31 July 2023
3,000
2,916
5,916
-------
-------
-------
Carrying amount
At 31 July 2023
2,000
2,000
-------
-------
-------
At 31 July 2022
3,000
770
3,770
-------
-------
-------
6. Debtors
2023
2022
£
£
Other debtors
8
9
----
----
7. Creditors: Amounts falling due within one year
2023
2022
£
£
Trade creditors
182
Other creditors
3,795
607
-------
----
3,795
789
-------
----
8. Creditors: Amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,862
7,156
-------
-------
9. Related party transactions
The company was under the control of Mr D Drynda throughout the current year. Mr D Drynda is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.