01 April 2023 31 March 2024 No principle activity is included 07504984 2023-04-01 07504984 2024-03-31 07504984 2023-04-01 2024-03-31 07504984 2023-03-31 07504984 2022-04-01 2023-03-31 07504984 uk-core:WithinOneYear 2024-03-31 07504984 uk-core:WithinOneYear 2023-03-31 07504984 uk-core:AfterOneYear 2024-03-31 07504984 uk-core:AfterOneYear 2023-03-31 07504984 uk-core:ShareCapital 2024-03-31 07504984 uk-core:ShareCapital 2023-03-31 07504984 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07504984 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07504984 uk-bus:Director1 2023-04-01 2024-03-31 07504984 uk-curr:PoundSterling 2023-04-01 2024-03-31 07504984 uk-core:PlantMachinery 2023-04-01 2024-03-31 07504984 uk-core:Vehicles 2023-04-01 2024-03-31 07504984 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07504984 uk-core:OfficeEquipment 2023-04-01 2024-03-31 07504984 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 07504984 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07504984 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 07504984 uk-core:Non-currentFinancialInstruments uk-core:AdditionsToInvestments 2024-03-31 07504984 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2024-03-31 07504984 uk-core:Non-currentFinancialInstruments uk-core:ProvisionsForImpairmentInvestments 2024-03-31 07504984 uk-core:Non-currentFinancialInstruments 2024-03-31 07504984 uk-core:BetweenTwoFiveYears 2024-03-31 07504984 uk-core:BetweenTwoFiveYears 2023-03-31 07504984 uk-bus:FRS102 2023-04-01 2024-03-31 07504984 uk-bus:FullAccounts 2023-04-01 2024-03-31 07504984 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07504984 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  DESTINY ENTERPRISES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MARCH 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  DESTINY ENTERPRISES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
  DIRECTORS
       
  Mrs R Srimal
  Mrs A Karia
       
       
  SECRETARY
       
  Mrs R Srimal
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton
Beds
LU1 3BE
       
       
  COMPANY REGISTERED NUMBER
       
  07504984
       
       
  BANKERS
       
  HSBC
       
       
  ACCOUNTANTS
       
  Haartwells Limited
  Chartered Certified Accountants
  25 Park Street West
Luton
Bedfordshire
LU1 3BE
       
  page 1
  DESTINY ENTERPRISES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  DESTINY ENTERPRISES LTD
  Company registered number: 07504984
  STATEMENT OF FINANCIAL POSITION AT 31 March 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 172,393 95,296
  Investments held as fixed assets 4 700,000 -
      872,393 95,296
  CURRENT ASSETS    
  Debtors 5 48,248 598,677
  Cash at bank and in hand   746,180 553,596
      794,428 1,152,273
  CREDITORS: Amounts falling due within one year 6 748,250 422,374
  NET CURRENT ASSETS   46,178 729,899
  TOTAL ASSETS LESS CURRENT LIABILITIES   918,571 825,195
           
  CREDITORS: Amounts falling due after more than one year 7 (45,715) (75,736)
  NET ASSETS   £872,856 £749,459
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   872,756 749,359
  SHAREHOLDERS' FUNDS   £872,856 £749,459
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  DESTINY ENTERPRISES LTD
  Company registered number: 07504984
  STATEMENT OF FINANCIAL POSITION AT 31 March 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 28 August 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mrs R Srimal, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  DESTINY ENTERPRISES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Destiny Enterprises Ltd is a Private Limited Company incorporated in England and Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 April 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  DESTINY ENTERPRISES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
         
1k. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  DESTINY ENTERPRISES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
3. PROPERTY, PLANT AND EQUIPMENT
    Fixtures &  
    Equipment Total
    £ £
  Cost
       
  At 1 April 2023 137,220 137,220
  Additions other than through business combinations 134,035 134,035
       
  At 31 March 2024 271,255 271,255
   
  Depreciation
       
  At 1 April 2023 41,924 41,924
  For the year 56,938 56,938
  At 31 March 2024 98,862 98,862
   
  Net Book Amounts
       
  At 31 March 2024 172,393 172,393
  At 31 March 2023 95,296 95,296
   
       
       
4. INVESTMENTS HELD AS FIXED ASSETS
    Other  
    investments  
    Other than  
    loans Total
    £ £
  Cost or valuation
       
  Additions 700,000 700,000
  At 31 March 2024 700,000 700,000
   
  Amounts written off
       
  At 31 March 2024 - -
   
  Net Book Amounts
       
  At 31 March 2024 700,000 700,000
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  DESTINY ENTERPRISES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 48,248 10,854
  Other debtors - 587,823
    £48,248 £598,677
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Finance leases and hire purchase contracts 36,210 36,210
  Trade creditors 60,145 60,145
  Corporation tax 66,017 76,779
  Other taxes and social security 54,682 22,017
  Other creditors 146,946 64,973
  Accruals and deferred income 384,250 162,250
    £748,250 £422,374
   
       
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Finance leases and hire purchase contracts 45,715 75,736
    £45,715 £75,736
   
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  leases 36,210 36,210
  within 2-5 years
  leases 45,715 75,736
    £81,925 £111,946
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8