Registered number
08705496
DNA ACCESS LTD
Filleted Accounts
30 September 2023
DNA ACCESS LTD
Registered number: 08705496
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 229,860 285,318
Current assets
Debtors 4 41,876 44,106
Cash at bank and in hand 17,196 52,072
59,072 96,178
Creditors: amounts falling due within one year 5 (53,312) (69,433)
Net current assets 5,760 26,745
Total assets less current liabilities 235,620 312,063
Creditors: amounts falling due after more than one year 6 (51,038) (65,249)
Net assets 184,582 246,814
Capital and reserves
Called up share capital 100 100
Profit and loss account 184,482 246,714
Shareholders' funds 184,582 246,814
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DAVID POWELL
Director
Approved by the board on 9 September 2024
DNA ACCESS LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing Balance
Fixtures, fittings, tools and equipment 20% reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 336,012 100,890 436,902
Additions 2,008 - 2,008
At 30 September 2023 338,020 100,890 438,910
Depreciation
At 1 October 2022 105,137 46,447 151,584
Charge for the year 46,577 10,889 57,466
At 30 September 2023 151,714 57,336 209,050
Net book value
At 30 September 2023 186,306 43,554 229,860
At 30 September 2022 230,875 54,443 285,318
4 Debtors 2023 2022
£ £
Trade debtors 41,876 44,106
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,391 2,909
Trade creditors 2,044 1,023
Directors Loan Account 45,725 56,597
Accountancy - 1,000
Taxation and social security costs 1,152 7,904
53,312 69,433
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 51,038 65,249
7 Other information
DNA ACCESS LTD is a private company limited by shares and incorporated in England. Its registered office is:
286B CHASE ROAD
SOUTHGATE
LONDON
N14 6HF
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