Domestic Funk Products Limited 3150895 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of a dormant company Digita Accounts Production Advanced 6.30.9574.0 true N Batt D Furlow true 3150895 2023-02-01 2024-01-31 3150895 2024-01-31 3150895 bus:OrdinaryShareClass1 2024-01-31 3150895 core:RetainedEarningsAccumulatedLosses 2024-01-31 3150895 core:ShareCapital 2024-01-31 3150895 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 3150895 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 3150895 bus:FRS102 2023-02-01 2024-01-31 3150895 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 3150895 bus:FullAccounts 2023-02-01 2024-01-31 3150895 bus:RegisteredOffice 2023-02-01 2024-01-31 3150895 bus:CompanySecretaryDirector1 2023-02-01 2024-01-31 3150895 bus:Director1 2023-02-01 2024-01-31 3150895 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 3150895 bus:EntityNoLongerTradingButTradedInPast 2023-02-01 2024-01-31 3150895 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 3150895 core:PatentsTrademarksLicencesConcessionsSimilar 2023-02-01 2024-01-31 3150895 countries:England 2023-02-01 2024-01-31 3150895 2023-01-31 3150895 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 3150895 2023-01-31 3150895 bus:OrdinaryShareClass1 2023-01-31 3150895 core:RetainedEarningsAccumulatedLosses 2023-01-31 3150895 core:ShareCapital 2023-01-31 3150895 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 3150895 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 3150895

Domestic Funk Products Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Domestic Funk Products Limited

(Registration number: 3150895)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

4,908

4,908

Current assets

 

Cash at bank and in hand

 

140

140

Creditors: Amounts falling due within one year

5

(19,351)

(19,351)

Net current liabilities

 

(19,211)

(19,211)

Net liabilities

 

(14,303)

(14,303)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(14,305)

(14,305)

Shareholders' deficit

 

(14,303)

(14,303)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
D Furlow
Company secretary and director

 

Domestic Funk Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
Little Shalwyn
Three Gates Lane
Haslemere
Surrey
GU27 2LG
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

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

Patents

Nil

 

Domestic Funk Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 February 2023

4,908

4,908

At 31 January 2024

4,908

4,908

Amortisation

Carrying amount

At 31 January 2024

4,908

4,908

At 31 January 2023

4,908

4,908

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

76

76

Short-term deposits

64

64

140

140

 

Domestic Funk Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

2024
£

2023
£

Due within one year

Other payables

18,667

18,667

Accruals

684

684

19,351

19,351

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2