Registered number
12175899
DineMe Limited
Filleted Accounts
31 August 2023
DineMe Limited
Registered number: 12175899
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,498 -
Tangible assets 4 2 102
2,500 102
Current assets
Debtors 5 32 1,788
Cash at bank and in hand 87 450
119 2,238
Creditors: amounts falling due within one year 6 (25,114) (20,137)
Net current liabilities (24,995) (17,899)
Total assets less current liabilities (22,495) (17,797)
Creditors: amounts falling due after more than one year 7 (6,410) -
Net assets (28,905) (17,797)
Capital and reserves
Called up share capital 100 100
Equity Instruments 13,300 13,300
Profit and loss account (42,305) (31,197)
Shareholder's funds (28,905) (17,797)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E Lynas
Director
Approved by the board on 5 July 2024
DineMe Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Digital Assets:
Cost
Additions 2,776
At 31 August 2023 2,776
Amortisation
Provided during the year 278
At 31 August 2023 278
Net book value
At 31 August 2023 2,498
Digital assets are being written off in equal annual instalments over their estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 540
At 31 August 2023 540
Depreciation
At 1 September 2022 438
Charge for the year 100
At 31 August 2023 538
Net book value
At 31 August 2023 2
At 31 August 2022 102
5 Debtors 2023 2022
£ £
Other debtors 32 1,788
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,930 -
Trade creditors 682 373
Taxation and social security costs (167) -
Other creditors 22,669 19,764
25,114 20,137
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,410 -
8 Controlling party
The controlling party is Mr E Lynas, as the Director and sole shareholder.
9 Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
# Related party transactions
Included within other creditors is the amount of £18,165 owed to the director (2022: £15,325). This amount is undated, unsecured, interest free and repayable upon demand.
# Other information
DineMe Limited is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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