Company Registration No. 04846829 (England and Wales)
DANDY BOOKSELLERS LIMITED
Unaudited accounts
for the year ended 30 June 2023
DANDY BOOKSELLERS LIMITED
Unaudited accounts
Contents
DANDY BOOKSELLERS LIMITED
Company Information
for the year ended 30 June 2023
Company Number
04846829 (England and Wales)
Registered Office
15 Hoopers Yard
Kimberley Road
London
NW6 7EJ
Accountants
S Johnson Accountancy Services
4 Woodside
Eaton Bray
Dunstable
Beds
LU6 2RQ
DANDY BOOKSELLERS LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
471,344
470,646
Investment property
3,000,000
3,000,000
Cash at bank and in hand
641,948
775,832
Creditors: amounts falling due within one year
(405,742)
(181,553)
Net current assets
770,608
904,822
Total assets less current liabilities
4,241,952
4,375,468
Creditors: amounts falling due after more than one year
(16,800)
(16,800)
Provisions for liabilities
Deferred tax
(425,444)
(395,718)
Net assets
3,799,708
3,962,950
Called up share capital
1,000
1,000
Profit and loss account
3,798,708
3,961,950
Shareholders' funds
3,799,708
3,962,950
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 her 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 9 March 2024 and were signed on its behalf by
D Ravenhill
Director
Company Registration No. 04846829
DANDY BOOKSELLERS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
DANDY BOOKSELLERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04846829. The registered office is 15 Hoopers Yard, Kimberley Road, London, NW6 7EJ.
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.
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.
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
15% on cost
Fixtures & fittings
15% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
DANDY BOOKSELLERS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2022
442,890
156,825
599,715
At 30 June 2023
442,890
162,995
605,885
At 1 July 2022
-
129,069
129,069
Charge for the year
-
5,472
5,472
At 30 June 2023
-
134,541
134,541
At 30 June 2023
442,890
28,454
471,344
At 30 June 2022
442,890
27,756
470,646
Fair value at 1 July 2022
3,000,000
Amounts falling due within one year
Trade debtors
55,232
47,441
Accrued income and prepayments
5,580
6,643
Other debtors
416,051
191,875
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
239,802
143,591
Taxes and social security
126,598
5,283
Loans from directors
214
231
Deferred income
16,800
16,800
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
16,800
16,800
DANDY BOOKSELLERS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
9
Deferred taxation
2023
2022
Accelerated capital allowances
425,444
-
Revaluation of investment property
-
395,718
Provision at start of year
395,718
-
Charged to the profit and loss account
29,726
395,718
Provision at end of year
425,444
395,718
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year a director received an interest free loan of £180,525.
11
Transactions with related parties
During the year a director / shareholder received an interest free loan of £180,525.
Also, an interest free loan of £180,525 was advanced to the other shareholder.
12
Average number of employees
During the year the average number of employees was 8 (2022: 8).