6 31/12/2023 2023-12-31 false false false false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12035989 2023-01-01 2023-12-31 12035989 2023-12-31 12035989 2022-12-31 12035989 2022-12-31 12035989 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12035989 core:MotorVehicles 2023-01-01 2023-12-31 12035989 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12035989 bus:Director1 2023-01-01 2023-12-31 12035989 core:FurnitureFittingsToolsEquipment 2022-12-31 12035989 core:MotorVehicles 2022-12-31 12035989 core:FurnitureFittingsToolsEquipment 2023-12-31 12035989 core:MotorVehicles 2023-12-31 12035989 core:WithinOneYear 2023-12-31 12035989 core:WithinOneYear 2022-12-31 12035989 core:AfterOneYear 2022-12-31 12035989 core:ShareCapital 2023-12-31 12035989 core:ShareCapital 2022-12-31 12035989 core:RetainedEarningsAccumulatedLosses 2023-12-31 12035989 core:RetainedEarningsAccumulatedLosses 2022-12-31 12035989 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 12035989 bus:OrdinaryShareClass1 core:ShareCapital 2022-12-31 12035989 core:FurnitureFittingsToolsEquipment 2022-12-31 12035989 core:MotorVehicles 2022-12-31 12035989 bus:Director1 2022-12-31 12035989 bus:Director1 2023-12-31 12035989 bus:Director1 2021-12-31 12035989 bus:Director1 2022-12-31 12035989 bus:Director1 2022-01-01 2022-12-31 12035989 bus:SmallEntities 2023-01-01 2023-12-31 12035989 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12035989 bus:FullAccounts 2023-01-01 2023-12-31 12035989 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12035989 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12035989 bus:OrdinaryShareClass1 2023-12-31 12035989 bus:OrdinaryShareClass1 2022-12-31
Company registration number: 12035989
Dyer Baade & Company Limited
Unaudited filleted financial statements
31 December 2023
Dyer Baade & Company Limited
Contents
Statement of financial position
Notes to the financial statements
Dyer Baade & Company Limited
Statement of financial position
31 December 2023
31/12/23 31/12/22
Note £ £ £ £
Fixed assets
Tangible assets 3 94,836 122,507
_______ _______
94,836 122,507
Current assets
Debtors 4 103,838 72,917
Cash at bank and in hand 932,917 598,851
_______ _______
1,036,755 671,768
Creditors: amounts falling due
within one year 5 ( 325,703) ( 105,005)
_______ _______
Net current assets 711,052 566,763
_______ _______
Total assets less current liabilities 805,888 689,270
Creditors: amounts falling due
after more than one year 6 - ( 51,458)
Provisions for liabilities ( 3,197) ( 7,053)
_______ _______
Net assets 802,691 630,759
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 802,591 630,659
_______ _______
Shareholders funds 802,691 630,759
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 August 2024 , and are signed on behalf of the board by:
Mr Stuart Dyer Dr Daniel Baade
Director Director
Company registration number: 12035989
Dyer Baade & Company Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
Dyer Baade & Company Limited (Company number 12035989 ) is a private company limited by shares, registered in England & Wales. The address of the registered office is 17 C Curzon Street, London, W1J 5HU.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fittings fixtures and equipment - 33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
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.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 6 (2022: 5).
3. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2023 26,478 157,834 184,312
Additions 6,948 - 6,948
_______ _______ _______
At 31 December 2023 33,426 157,834 191,260
_______ _______ _______
Depreciation
At 1 January 2023 11,655 50,150 61,805
Charge for the year 7,698 26,921 34,619
_______ _______ _______
At 31 December 2023 19,353 77,071 96,424
_______ _______ _______
Carrying amount
At 31 December 2023 14,073 80,763 94,836
_______ _______ _______
At 31 December 2022 14,823 107,684 122,507
_______ _______ _______
4. Debtors
31/12/23 31/12/22
£ £
Trade debtors 70,020 -
Other debtors 33,818 72,917
_______ _______
103,838 72,917
_______ _______
5. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Social security and other taxes 20,240 2,808
Other creditors 305,463 102,197
_______ _______
325,703 105,005
_______ _______
6. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£ £
Other creditors - 51,458
_______ _______
7. Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:
31/12/23 31/12/22
£ £
Not later than 1 year 86,368 -
_______ _______
Present value of minimum lease payments 86,368 -
_______ _______
8. Called up share capital
Issued and called up
31/12/23 31/12/22
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
Issued and partly paid
31/12/23 31/12/22
No £ No £
Ordinary shares shares of £ 1.00 each - £ - paid 100 - 100 -
_______ _______ _______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/12/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stuart Dyer 35,769 38 ( 35,769) 38
_______ _______ _______ _______
Period ended 31/12/22
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stuart Dyer ( 1,567) 37,336 - 35,769
_______ _______ _______ _______