1 false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06693930 2022-10-01 2023-09-30 06693930 2023-09-30 06693930 2022-09-30 06693930 2022-09-30 06693930 core:FurnitureFittings 2022-10-01 2023-09-30 06693930 bus:Director1 2022-10-01 2023-09-30 06693930 core:WithinOneYear 2023-09-30 06693930 core:WithinOneYear 2022-09-30 06693930 core:ShareCapital 2023-09-30 06693930 core:ShareCapital 2022-09-30 06693930 core:RetainedEarningsAccumulatedLosses 2023-09-30 06693930 core:RetainedEarningsAccumulatedLosses 2022-09-30 06693930 bus:Director1 2022-09-30 06693930 bus:Director1 2023-09-30 06693930 bus:SmallEntities 2022-10-01 2023-09-30 06693930 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 06693930 bus:AbridgedAccounts 2022-10-01 2023-09-30 06693930 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06693930 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06693930 core:OfficeEquipment 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 06693930
Damdia Limited
Filleted Unaudited Abridged Financial Statements
30 September 2023
Damdia Limited
Abridged Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,580
2,192
Current assets
Stocks
55,720
55,720
Debtors
147
64
Cash at bank and in hand
9,339
13,585
--------
--------
65,206
69,369
Creditors: amounts falling due within one year
96,844
94,435
--------
--------
Net current liabilities
31,638
25,066
--------
--------
Total assets less current liabilities
( 30,058)
( 22,874)
--------
--------
Net liabilities
( 30,058)
( 22,874)
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 31,058)
( 23,874)
--------
--------
Shareholders deficit
( 30,058)
( 22,874)
--------
--------
These abridged 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 30 September 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 abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Damdia Limited
Abridged Statement of Financial Position (continued)
30 September 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 23 February 2024 , and are signed on behalf of the board by:
D Gogna
Director
Company registration number: 06693930
Damdia Limited
Notes to the Abridged Financial Statements
Year ended 30 September 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 465 Dudley Road, Blakenhall, Wolverhampton, WV2 3AF.
2. Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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:
Fixtures & Fittings
-
20% straight line
Office Equipment
-
Fully Depreciated
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. Tangible assets
£
Cost
At 1 October 2022 and 30 September 2023
3,508
-------
Depreciation
At 1 October 2022
1,316
Charge for the year
612
-------
At 30 September 2023
1,928
-------
Carrying amount
At 30 September 2023
1,580
-------
At 30 September 2022
2,192
-------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D Gogna
( 93,896)
( 2,421)
( 96,317)
--------
-------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D Gogna
----
----
----
7. Related party transactions
The company was under the control of the director throughout the current and prior year. The director has a controlling interest by virtue of a 100% share capital ownership.