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REGISTERED NUMBER: 05090497 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DARO ASSOCIATES LIMITED

DARO ASSOCIATES LIMITED (Registered number: 05090497)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DARO ASSOCIATES LIMITED

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: D Parker
R Noakes





SECRETARY: D Parker





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
England
EN6 1BW





REGISTERED NUMBER: 05090497 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

DARO ASSOCIATES LIMITED (Registered number: 05090497)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,724 2,029

CURRENT ASSETS
Debtors 5 11,892 12,661
Cash at bank 119,297 122,910
131,189 135,571
CREDITORS
Amounts falling due within one year 6 39,069 35,891
NET CURRENT ASSETS 92,120 99,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,844

101,709

PROVISIONS FOR LIABILITIES 7 431 386
NET ASSETS 93,413 101,323

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 93,313 101,223
SHAREHOLDERS' FUNDS 93,413 101,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2024 and were signed on its behalf by:



D Parker - Director


DARO ASSOCIATES LIMITED (Registered number: 05090497)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

DARO ASSOCIATES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DARO ASSOCIATES LIMITED (Registered number: 05090497)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 606 6,523 7,129
DEPRECIATION
At 1 April 2023 536 4,564 5,100
Charge for year 11 294 305
At 31 March 2024 547 4,858 5,405
NET BOOK VALUE
At 31 March 2024 59 1,665 1,724
At 31 March 2023 70 1,959 2,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,892 12,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 7,657 8,308
Social security and other taxes 10,562 9,355
VAT 7,796 7,421
Creditors and accruals 3,054 2,237
Directors' current accounts 10,000 8,570
39,069 35,891

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 431 386

Deferred
tax
£   
Balance at 1 April 2023 386
Provided during year 45
Balance at 31 March 2024 431

DARO ASSOCIATES LIMITED (Registered number: 05090497)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary "A" £1 50 50
50 Ordinary "B" £1 50 50
100 100

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by D Parker and R Noakes by virtue of their controlling shareholdings.