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REGISTERED NUMBER: 05688561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Daniel Vasilev Ltd

Daniel Vasilev Ltd (Registered number: 05688561)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Daniel Vasilev Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr D Vasilev





SECRETARY: Mrs S Ivanova





REGISTERED OFFICE: 5 Parkside Close
Radcliffe
Manchester
Greater Manchester
M26 2QS





REGISTERED NUMBER: 05688561 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Daniel Vasilev Ltd (Registered number: 05688561)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,272 5,794

CURRENT ASSETS
Debtors 5 61,204 40,669
Cash at bank 1,732 1,497
62,936 42,166
CREDITORS
Amounts falling due within one
year

6

30,211

15,942
NET CURRENT ASSETS 32,725 26,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,997

32,018

CREDITORS
Amounts falling due after more
than one year

7

11,000

17,000
NET ASSETS 28,997 15,018

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 28,996 15,017
SHAREHOLDERS' FUNDS 28,997 15,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Daniel Vasilev Ltd (Registered number: 05688561)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 3 September 2024 and were signed by:





Mr D Vasilev - Director


Daniel Vasilev Ltd (Registered number: 05688561)

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

1. STATUTORY INFORMATION

Daniel Vasilev Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Daniel Vasilev Ltd (Registered number: 05688561)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 8,341 18,944 6,564 33,849
Additions 2,545 - 1,357 3,902
At 31 January 2024 10,886 18,944 7,921 37,751
DEPRECIATION
At 1 February 2023 7,352 16,181 4,522 28,055
Charge for year 883 691 850 2,424
At 31 January 2024 8,235 16,872 5,372 30,479
NET BOOK VALUE
At 31 January 2024 2,651 2,072 2,549 7,272
At 31 January 2023 989 2,763 2,042 5,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 7,046 -
Other debtors 54,158 40,669
61,204 40,669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 51 51
Taxation and social security 13,268 9,217
Other creditors 10,892 674
30,211 15,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 11,000 17,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

Daniel Vasilev Ltd (Registered number: 05688561)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Retained
earnings
£   

At 1 February 2023 15,017
Profit for the year 49,979
Dividends (36,000 )
At 31 January 2024 28,996

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2023 - £26,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Vasilev.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.