0 false false false false false false false false false false true false false false false true false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 502,837 502,837 502,837 xbrli:pure xbrli:shares iso4217:GBP 12711360 2023-01-01 2023-12-31 12711360 2023-12-31 12711360 2022-12-31 12711360 2022-01-01 2022-12-31 12711360 2022-12-31 12711360 2021-12-31 12711360 core:NetGoodwill 2023-01-01 2023-12-31 12711360 bus:Director2 2023-01-01 2023-12-31 12711360 core:WithinOneYear 2023-12-31 12711360 core:WithinOneYear 2022-12-31 12711360 core:ShareCapital 2023-12-31 12711360 core:ShareCapital 2022-12-31 12711360 core:RetainedEarningsAccumulatedLosses 2023-12-31 12711360 core:RetainedEarningsAccumulatedLosses 2022-12-31 12711360 core:NetGoodwill 2023-12-31 12711360 core:NetGoodwill 2022-12-31 12711360 bus:SmallEntities 2023-01-01 2023-12-31 12711360 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12711360 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12711360 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12711360 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 12711360
DOLEAD UK LTD
Filleted Unaudited Financial Statements
31 December 2023
DOLEAD UK LTD
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
502,837
502,837
Current assets
Debtors
6
350,416
210,331
Cash at bank and in hand
1,396,792
447,178
------------
---------
1,747,208
657,509
Creditors: amounts falling due within one year
7
1,768,941
1,056,059
------------
------------
Net current liabilities
21,733
398,550
---------
---------
Total assets less current liabilities
481,104
104,287
---------
---------
Net assets
481,104
104,287
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
480,104
103,287
---------
---------
Shareholders funds
481,104
104,287
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DOLEAD UK LTD
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 29 April 2024 , and are signed on behalf of the board by:
MR G HEINTZ
Director
Company registration number: 12711360
DOLEAD UK LTD
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wilberforce House, Station Raod, London, NW4 4QE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
502,837
---------
Amortisation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
502,837
---------
At 31 December 2022
502,837
---------
6. Debtors
2023
2022
£
£
Trade debtors
349,891
209,806
Other debtors
525
525
---------
---------
350,416
210,331
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
839,644
404,421
Amounts owed to group undertakings and undertakings in which the company has a participating interest
514,507
524,822
Corporation tax
135,020
19,134
Social security and other taxes
126,392
104,159
Other creditors
153,378
3,523
------------
------------
1,768,941
1,056,059
------------
------------
8. Financial instruments
Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required. Additional disclosures are also required relating to defaults and breaches on loans payable information relating to financial instruments at fair value through profit or loss that are not held as part of a trading portfolio and are not derivatives.