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REGISTERED NUMBER: 05301310 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Damsel Limited

Damsel Limited (Registered number: 05301310)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Damsel Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs K Jones
Mrs A Poole





SECRETARY: Mrs A Poole





REGISTERED OFFICE: 17 Turnham Green Terrace
LONDON
W4 1RG





REGISTERED NUMBER: 05301310 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Damsel Limited (Registered number: 05301310)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,130 15,746

CURRENT ASSETS
Stocks 68,000 53,900
Debtors 5 6,250 11,631
Cash at bank and in hand 20,666 50,848
94,916 116,379
CREDITORS
Amounts falling due within one year 6 57,433 70,946
NET CURRENT ASSETS 37,483 45,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,613

61,179

PROVISIONS FOR LIABILITIES 122 122
NET ASSETS 49,491 61,057

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 49,489 61,055
SHAREHOLDERS' FUNDS 49,491 61,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Damsel Limited (Registered number: 05301310)

Statement of Financial Position - continued
31 December 2023


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 3 June 2024 and were signed on its behalf by:





Mrs K Jones - Director


Damsel Limited (Registered number: 05301310)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Damsel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 2
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Damsel Limited (Registered number: 05301310)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 48,930 17,930 11,750 13,946 92,556
DEPRECIATION
At 1 January 2023 47,650 6,158 11,224 11,778 76,810
Charge for year - 2,943 131 542 3,616
At 31 December 2023 47,650 9,101 11,355 12,320 80,426
NET BOOK VALUE
At 31 December 2023 1,280 8,829 395 1,626 12,130
At 31 December 2022 1,280 11,772 526 2,168 15,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 5,381
Rent deposit 6,250 6,250
6,250 11,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 30,833 42,095
Trade creditors (1 ) -
Taxation and social security 19,992 22,242
Other creditors 6,609 6,609
57,433 70,946