The Dolly Network Limited 09725855 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is physical well-being activities. Digita Accounts Production Advanced 6.30.9574.0 true 09725855 2022-09-01 2023-08-31 09725855 2023-08-31 09725855 core:RetainedEarningsAccumulatedLosses 2023-08-31 09725855 core:ShareCapital 2023-08-31 09725855 core:CurrentFinancialInstruments 2023-08-31 09725855 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09725855 core:Goodwill 2023-08-31 09725855 core:FurnitureFittingsToolsEquipment 2023-08-31 09725855 core:OtherPropertyPlantEquipment 2023-08-31 09725855 bus:SmallEntities 2022-09-01 2023-08-31 09725855 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09725855 bus:FullAccounts 2022-09-01 2023-08-31 09725855 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09725855 bus:RegisteredOffice 2022-09-01 2023-08-31 09725855 bus:Director1 2022-09-01 2023-08-31 09725855 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09725855 core:Goodwill 2022-09-01 2023-08-31 09725855 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09725855 core:OfficeEquipment 2022-09-01 2023-08-31 09725855 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 09725855 core:PlantMachinery 2022-09-01 2023-08-31 09725855 countries:EnglandWales 2022-09-01 2023-08-31 09725855 2022-08-31 09725855 core:Goodwill 2022-08-31 09725855 core:FurnitureFittingsToolsEquipment 2022-08-31 09725855 core:OtherPropertyPlantEquipment 2022-08-31 09725855 2021-09-01 2022-08-31 09725855 2022-08-31 09725855 core:RetainedEarningsAccumulatedLosses 2022-08-31 09725855 core:ShareCapital 2022-08-31 09725855 core:CurrentFinancialInstruments 2022-08-31 09725855 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09725855 core:Goodwill 2022-08-31 09725855 core:FurnitureFittingsToolsEquipment 2022-08-31 09725855 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 09725855

The Dolly Network Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

 

The Dolly Network Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

The Dolly Network Limited

(Registration number: 09725855)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

47,400

46,000

Tangible assets

5

2,822

4,378

 

50,222

50,378

Current assets

 

Debtors

6

277,999

307,349

Cash at bank and in hand

 

11,418

2,833

 

289,417

310,182

Creditors: Amounts falling due within one year

7

(128,788)

(100,201)

Net current assets

 

160,629

209,981

Total assets less current liabilities

 

210,851

260,359

Provisions for liabilities

(536)

(832)

Net assets

 

210,315

259,527

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

210,215

259,427

Shareholders' funds

 

210,315

259,527

 

The Dolly Network Limited

(Registration number: 09725855)
Balance Sheet as at 31 August 2023

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 30 August 2024
 

.........................................
Mrs N C Ellis
Director

 

The Dolly Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Dolly Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Plant and Machinery

15 % Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 year Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

The Dolly Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2022

46,000

46,000

Additions acquired separately

6,000

6,000

At 31 August 2023

52,000

52,000

Amortisation

Amortisation charge

4,600

4,600

At 31 August 2023

4,600

4,600

Carrying amount

At 31 August 2023

47,400

47,400

At 31 August 2022

46,000

46,000

5

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2022

7,390

375

7,765

At 31 August 2023

7,390

375

7,765

Depreciation

At 1 September 2022

3,242

145

3,387

Charge for the year

1,522

34

1,556

At 31 August 2023

4,764

179

4,943

Carrying amount

At 31 August 2023

2,626

196

2,822

At 31 August 2022

4,148

230

4,378

6

Debtors

 

The Dolly Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

2023
£

2022
£

Other debtors

277,999

307,349

277,999

307,349

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,460

-

Taxation and social security

21,353

9,066

Other creditors

105,975

91,135

128,788

100,201