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Registered Number: 14708566
England and Wales

 

 

 

NEW DAKSHIN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 06 March 2023

End date: 31 July 2023
Report to the directors on the preparation of the unaudited statutory accounts of NEW DAKSHIN LIMITED for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEW DAKSHIN LIMITED for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of NEW DAKSHIN LIMITED, as a body, in accordance with the terms of our engagement letter dated 24 April 2024 Our work has been undertaken solely to prepare for your approval the accounts of NEW DAKSHIN LIMITED and state those matters that we have agreed to state to the Board of Directors of NEW DAKSHIN LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEW DAKSHIN LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEW DAKSHIN LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NEW DAKSHIN LIMITED. You consider that NEW DAKSHIN LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of NEW DAKSHIN LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2023



....................................................
Harans & co
Chartered certified accountants
324 Stafford road
Croydon
Surrey
CR0 4NH
24 April 2024
1
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 67,445 
Tangible fixed assets 4 33,624 
101,069 
Current assets    
Debtors 22,675 
Cash at bank and in hand 3,015 
25,690 
Creditors: amount falling due within one year (143,472)
Net current assets (117,782)
 
Total assets less current liabilities (16,713)
Net assets (16,713)
 

Capital and reserves
   
Called up share capital 5 100 
Profit and loss account (16,813)
Shareholder's funds (16,713)
 


For the period ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 April 2024 and were signed by:


-------------------------------
Mr Vinay Somashekar Reddy
Director
2
General Information
NEW DAKSHIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14708566, registration address 37 Stafford Road, Wallington, SM6 9AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15 % Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 06 March 2023  
Additions 67,445    67,445 
Disposals  
At 31 July 2023 67,445    67,445 
Amortisation
At 06 March 2023  
Charge for period  
On disposals  
At 31 July 2023  
Net book values
At 31 July 2023 67,445    67,445 
At 05 March 2023  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 06 March 2023  
Additions 39,557    39,557 
Disposals  
At 31 July 2023 39,557    39,557 
Depreciation
At 06 March 2023  
Charge for period 5,933    5,933 
On disposals  
At 31 July 2023 5,933    5,933 
Net book values
Closing balance as at 31 July 2023 33,624    33,624 
Opening balance as at 06 March 2023  


5.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class shares of £1.00 each 100 
100 

3