Silverfin false false 31/03/2024 01/04/2023 31/03/2024 A M Dibden 01/01/2014 D S Giles 01/01/2014 J E Hook 01/04/2007 M Hook 31/03/1992 R A H Hook 31/03/1992 22 July 2024 The principal activity of the company is that of supplying watch straps and small jewellery. 00896533 2024-03-31 00896533 bus:Director1 2024-03-31 00896533 bus:Director2 2024-03-31 00896533 bus:Director3 2024-03-31 00896533 bus:Director4 2024-03-31 00896533 bus:Director5 2024-03-31 00896533 2023-03-31 00896533 core:CurrentFinancialInstruments 2024-03-31 00896533 core:CurrentFinancialInstruments 2023-03-31 00896533 core:Non-currentFinancialInstruments 2024-03-31 00896533 core:Non-currentFinancialInstruments 2023-03-31 00896533 core:ShareCapital 2024-03-31 00896533 core:ShareCapital 2023-03-31 00896533 core:RetainedEarningsAccumulatedLosses 2024-03-31 00896533 core:RetainedEarningsAccumulatedLosses 2023-03-31 00896533 core:OtherResidualIntangibleAssets 2023-03-31 00896533 core:OtherResidualIntangibleAssets 2024-03-31 00896533 core:Vehicles 2023-03-31 00896533 core:FurnitureFittings 2023-03-31 00896533 core:ComputerEquipment 2023-03-31 00896533 core:Vehicles 2024-03-31 00896533 core:FurnitureFittings 2024-03-31 00896533 core:ComputerEquipment 2024-03-31 00896533 2023-04-01 2024-03-31 00896533 bus:FilletedAccounts 2023-04-01 2024-03-31 00896533 bus:SmallEntities 2023-04-01 2024-03-31 00896533 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00896533 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00896533 bus:Director1 2023-04-01 2024-03-31 00896533 bus:Director2 2023-04-01 2024-03-31 00896533 bus:Director3 2023-04-01 2024-03-31 00896533 bus:Director4 2023-04-01 2024-03-31 00896533 bus:Director5 2023-04-01 2024-03-31 00896533 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-04-01 2024-03-31 00896533 core:Vehicles 2023-04-01 2024-03-31 00896533 core:FurnitureFittings 2023-04-01 2024-03-31 00896533 core:ComputerEquipment 2023-04-01 2024-03-31 00896533 2022-04-01 2023-03-31 00896533 core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 00896533 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 00896533 (England and Wales)

DARLENA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

DARLENA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DARLENA LIMITED

BALANCE SHEET

As at 31 March 2024
DARLENA LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 6,373 7,828
Tangible assets 4 49,482 32,411
55,855 40,239
Current assets
Stocks 5 523,783 523,818
Debtors 6 138,855 151,626
Cash at bank and in hand 183,065 167,380
845,703 842,824
Creditors: amounts falling due within one year 7 ( 63,537) ( 120,205)
Net current assets 782,166 722,619
Total assets less current liabilities 838,021 762,858
Creditors: amounts falling due after more than one year 8 ( 34,323) ( 22,500)
Net assets 803,698 740,358
Capital and reserves
Called-up share capital 100 100
Profit and loss account 803,598 740,258
Total shareholders' funds 803,698 740,358

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Darlena Limited (registered number: 00896533) were approved and authorised for issue by the Board of Directors on 22 July 2024. They were signed on its behalf by:

J E Hook
Director
DARLENA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DARLENA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Darlena Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2023 9,422 9,422
Additions 496 496
At 31 March 2024 9,918 9,918
Accumulated amortisation
At 01 April 2023 1,594 1,594
Charge for the financial year 1,951 1,951
At 31 March 2024 3,545 3,545
Net book value
At 31 March 2024 6,373 6,373
At 31 March 2023 7,828 7,828

4. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 47,000 47,441 83,484 177,925
Additions 0 22,193 5,217 27,410
At 31 March 2024 47,000 69,634 88,701 205,335
Accumulated depreciation
At 01 April 2023 21,664 46,299 77,551 145,514
Charge for the financial year 6,334 2,819 1,186 10,339
At 31 March 2024 27,998 49,118 78,737 155,853
Net book value
At 31 March 2024 19,002 20,516 9,964 49,482
At 31 March 2023 25,336 1,142 5,933 32,411

5. Stocks

2024 2023
£ £
Stocks 523,783 523,818

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

6. Debtors

2024 2023
£ £
Trade debtors 134,039 144,726
Other debtors 4,816 6,900
138,855 151,626

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 25,272 46,452
Other taxation and social security 20,989 33,630
Obligations under finance leases and hire purchase contracts 3,772 27,010
Other creditors 3,504 3,113
63,537 120,205

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 12,500 22,500
Obligations under finance leases and hire purchase contracts 21,823 0
34,323 22,500

There are no amounts included above in respect of which any security has been given by the small entity.