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Registered number: 11248750
Dony Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Goldengate Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11248750
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 277 346
Tangible Assets 5 44,632 46,381
44,909 46,727
CURRENT ASSETS
Stocks 6 19,752 17,521
Debtors 7 246,015 211,588
Cash at bank and in hand 98,936 90,085
364,703 319,194
Creditors: Amounts Falling Due Within One Year 8 (285,521 ) (247,424 )
NET CURRENT ASSETS (LIABILITIES) 79,182 71,770
TOTAL ASSETS LESS CURRENT LIABILITIES 124,091 118,497
Creditors: Amounts Falling Due After More Than One Year 9 (12,500 ) (22,500 )
NET ASSETS 111,591 95,997
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 111,491 95,897
SHAREHOLDERS' FUNDS 111,591 95,997
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Munir Kaba
Director
09/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dony Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11248750 . The registered office is Bay 1-5, Chapell Drive, Doncaster, DN1 2RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RBL
Fixtures & Fittings 20% RB
Computer Equipment 20% RB
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 691
As at 30 April 2024 691
Amortisation
As at 1 May 2023 345
Provided during the period 69
As at 30 April 2024 414
Net Book Value
As at 30 April 2024 277
As at 1 May 2023 346
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 57,003 8,826 65,829
Additions 13,500 1,940 15,440
Disposals (6,000 ) (1,486 ) (7,486 )
As at 30 April 2024 64,503 9,280 73,783
Depreciation
As at 1 May 2023 15,319 4,129 19,448
Provided during the period 12,771 921 13,692
Disposals (3,522 ) (467 ) (3,989 )
As at 30 April 2024 24,568 4,583 29,151
Net Book Value
As at 30 April 2024 39,935 4,697 44,632
As at 1 May 2023 41,684 4,697 46,381
Page 4
Page 5
6. Stocks
2024 2023
£ £
Materials 19,752 17,521
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 227,955 194,486
Prepayments and accrued income 12,331 9,304
Other debtors 3,989 3,989
VAT 1,740 3,809
246,015 211,588
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 156,726 150,751
Bank loans and overdrafts 10,000 10,000
Corporation tax 15,803 8,469
Other taxes and social security 701 2,304
Net wages 16,978 13,690
Accruals and deferred income 3,360 3,360
Director's loan account 81,953 58,850
285,521 247,424
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,500 22,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 30,000 -
Final dividend paid 10,000 10,000
40,000 10,000
Final dividends paid £10,000.
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