Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsetruefalse11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05268584 2023-01-01 2023-12-31 05268584 2022-01-01 2022-12-31 05268584 2023-12-31 05268584 2022-12-31 05268584 c:Director1 2023-01-01 2023-12-31 05268584 d:CurrentFinancialInstruments 2023-12-31 05268584 d:CurrentFinancialInstruments 2022-12-31 05268584 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05268584 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05268584 d:ShareCapital 2023-12-31 05268584 d:ShareCapital 2022-12-31 05268584 d:SharePremium 2023-12-31 05268584 d:SharePremium 2022-12-31 05268584 d:RetainedEarningsAccumulatedLosses 2023-12-31 05268584 d:RetainedEarningsAccumulatedLosses 2022-12-31 05268584 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05268584 c:OrdinaryShareClass1 2023-12-31 05268584 c:OrdinaryShareClass1 2022-12-31 05268584 c:FRS102 2023-01-01 2023-12-31 05268584 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05268584 c:FullAccounts 2023-01-01 2023-12-31 05268584 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05268584 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05268584









DUMELA ONE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DUMELA ONE LIMITED
REGISTERED NUMBER: 05268584

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
600,000
600,000

Debtors: amounts falling due within one year
 4 
433
786

Cash at bank and in hand
  
67,414
79,483

  
667,847
680,269

Creditors: amounts falling due within one year
 5 
(4,264)
(4,328)

Net current assets
  
 
 
663,583
 
 
675,941

Total assets less current liabilities
  
663,583
675,941

  

Net assets
  
663,583
675,941


Capital and reserves
  

Called up share capital 
 6 
53,473
53,473

Share premium account
  
596,528
596,528

Profit and loss account
  
13,582
25,940

  
663,583
675,941


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


P H M Fitzpatrick BSc MBA
Director

Date: 5 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DUMELA ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dumela One Limited is a private company, limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 10 Fitzroy Square, London, W1T 5HP. The Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue operation for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements. In view of the above, the director is confident that the company will have sufficient resources to enable it to continue as a going concern and therefore the financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
DUMELA ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1)


4.


Debtors

2023
2022
£
£


Prepayments and accrued income
433
786

433
786


Page 3

 
DUMELA ONE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,468
1,468

Accruals and deferred income
2,796
2,860

4,264
4,328



6.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



53,473 (2022 - 53,473) Ordinary shares of £1.00 each
53,473
53,473



7.


Related party transactions

During the year, the Company had a loan account with the director. The amount due to her at the year end was £1,468 (2022 - £1,468). The loan is interest free and repayable on demand.


Page 4