Company Registration No. 10823664 (England and Wales)
DAMASCENA HARBORNE LTD
Unaudited accounts
for the year ended 30 June 2023
DAMASCENA HARBORNE LTD
Unaudited accounts
Contents
DAMASCENA HARBORNE LTD
Company Information
for the year ended 30 June 2023
Directors
Anas Zein Al-Abdeen
Esam Shommakhi
Company Number
10823664 (England and Wales)
Registered Office
DAMASCENA COFFEE HOUSE 103 HIGH STREET
HARBORNE
BIRMINGHAM
B17 9NR
ENGLAND
DAMASCENA HARBORNE LTD
Statement of financial position
as at 30 June 2023
Intangible assets
15,101
18,171
Tangible assets
39,625
48,336
Cash at bank and in hand
52,644
13,672
Creditors: amounts falling due within one year
(85,964)
(101,532)
Net current liabilities
(2,300)
(79,680)
Total assets less current liabilities
52,426
(13,173)
Creditors: amounts falling due after more than one year
(38,433)
(43,985)
Net assets/(liabilities)
13,993
(57,158)
Called up share capital
1
1
Profit and loss account
13,992
(57,159)
Shareholders' funds
13,993
(57,158)
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 directors acknowledge their 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 of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
Anas Zein Al-Abdeen
Director
Company Registration No. 10823664
DAMASCENA HARBORNE LTD
Notes to the Accounts
for the year ended 30 June 2023
DAMASCENA HARBORNE LTD is a private company, limited by shares, registered in England and Wales, registration number 10823664. The registered office is DAMASCENA COFFEE HOUSE 103 HIGH STREET, HARBORNE, BIRMINGHAM, B17 9NR, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% on reducing balance
Fixtures & fittings
20% on reducing balance
Other tangible fixed assets
10% straight line
Intangible fixed assets (leasehold) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
DAMASCENA HARBORNE LTD
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
50,903
67,026
117,929
At 30 June 2023
52,097
67,026
119,123
At 1 July 2022
29,855
39,738
69,593
Charge for the year
4,448
5,457
9,905
At 30 June 2023
34,303
45,195
79,498
At 30 June 2023
17,794
21,831
39,625
At 30 June 2022
21,048
27,288
48,336
Amounts falling due within one year
Accrued income and prepayments
7,488
7,488
DAMASCENA HARBORNE LTD
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
71,923
64,290
Taxes and social security
6,417
-
Loans from directors
10,336
20,346
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).