1 July 2022 false No description of principal activity Taxfiler 2023.14 10763447business:PrivateLimitedCompanyLtd2022-07-012023-06-30 107634472022-06-30 107634472022-07-012023-06-30 10763447business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 10763447business:FilletedAccounts2022-07-012023-06-30 107634472023-06-30 10763447business:Director12022-07-012023-06-30 10763447business:RegisteredOffice2022-07-012023-06-30 107634472022-06-30 10763447core:WithinOneYear2023-06-30 10763447core:WithinOneYear2022-06-30 10763447core:AfterOneYear2023-06-30 10763447core:AfterOneYear2022-06-30 10763447core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10763447core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10763447core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10763447core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10763447core:PreviouslyStatedAmount2023-06-30 10763447core:PreviouslyStatedAmount2022-06-30 10763447business:SmallEntities2022-07-012023-06-30 10763447countries:EnglandWales2022-07-012023-06-30 10763447core:PlantMachinery2022-07-012023-06-30 10763447core:MotorVehicles2022-07-012023-06-30 10763447core:ComputerEquipment2022-07-012023-06-30 10763447core:PlantMachinery2022-06-30 10763447core:MotorVehicles2022-06-30 10763447core:FurnitureFittings2022-06-30 10763447core:ComputerEquipment2022-06-30 10763447core:FurnitureFittings2022-07-012023-06-30 10763447core:PlantMachinery2023-06-30 10763447core:MotorVehicles2023-06-30 10763447core:FurnitureFittings2023-06-30 10763447core:ComputerEquipment2023-06-30 107634472021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10763447 (England and Wales)
DAMASCENA DISTRIBUTION LTD Unaudited accounts for the year ended 30 June 2023
DAMASCENA DISTRIBUTION LTD Unaudited accounts Contents
Page
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DAMASCENA DISTRIBUTION LTD Company Information for the year ended 30 June 2023
Director
Anas Zein Al-Abdeen
Company Number
10763447 (England and Wales)
Registered Office
Lyndon House 62 Hagley Rd Birmingham B16 8PE UK
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DAMASCENA DISTRIBUTION LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,920 
115,842 
Current assets
Debtors
94,669 
193,363 
Cash at bank and in hand
6,484 
2,788 
101,153 
196,151 
Creditors: amounts falling due within one year
(480,116)
(372,514)
Net current liabilities
(378,963)
(176,363)
Total assets less current liabilities
(285,043)
(60,521)
Creditors: amounts falling due after more than one year
(56,605)
(43,946)
Net liabilities
(341,648)
(104,467)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(341,649)
(104,468)
Shareholders' funds
(341,648)
(104,467)
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 4 March 2024 and were signed on its behalf by
Anas Zein Al-Abdeen Director Company Registration No. 10763447
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DAMASCENA DISTRIBUTION LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
DAMASCENA DISTRIBUTION LTD is a private company, limited by shares, registered in England and Wales, registration number 10763447. The registered office is Lyndon House, 62 Hagley Rd, Birmingham, B16 8PE, 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
20% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
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 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
31,529 
129,876 
1,059 
1,112 
163,576 
Additions
8,440 
- 
- 
1,273 
9,713 
At 30 June 2023
39,969 
129,876 
1,059 
2,385 
173,289 
Depreciation
At 1 July 2022
15,569 
31,176 
- 
989 
47,734 
Charge for the year
5,260 
25,975 
212 
188 
31,635 
At 30 June 2023
20,829 
57,151 
212 
1,177 
79,369 
Net book value
At 30 June 2023
19,140 
72,725 
847 
1,208 
93,920 
At 30 June 2022
15,960 
98,700 
1,059 
123 
115,842 
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DAMASCENA DISTRIBUTION LTD Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,377 
Trade debtors
77,868 
187,986 
Accrued income and prepayments
16,801 
- 
94,669 
193,363 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
380,669 
273,614 
Other creditors
- 
19,900 
Loans from directors
96,000 
76,000 
Accruals
3,447 
3,000 
480,116 
372,514 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,336 
43,946 
Other creditors
18,269 
- 
56,605 
43,946 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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