2022-12-282023-12-262023-12-26false01569308DARF PUBLISHERS 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DARF PUBLISHERS LIMITED

Registered Number
01569308
(England and Wales)

Unaudited Financial Statements for the Period ended
26 December 2023

DARF PUBLISHERS LIMITED
Company Information
for the period from 28 December 2022 to 26 December 2023

Directors

FERGIANI, Ghassan Mohammed
FERGIANI, Usama Mohammed

Company Secretary

BENTALEB, Adil

Registered Address

277 West End Lane
London
NW6 1QS

Registered Number

01569308 (England and Wales)
DARF PUBLISHERS LIMITED
Balance Sheet as at
26 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks378,705185,465
Cash at bank and on hand3,7961,804
82,501187,269
Creditors amounts falling due within one year4(248,271)(233,616)
Net current assets (liabilities)(165,770)(46,347)
Total assets less current liabilities(165,770)(46,347)
Net assets(165,770)(46,347)
Capital and reserves
Called up share capital933,828933,828
Profit and loss account(1,099,598)(980,175)
Shareholders' funds(165,770)(46,347)
The financial statements were approved and authorised for issue by the Board of Directors on 10 September 2024, and are signed on its behalf by:
FERGIANI, Ghassan Mohammed
Director
Registered Company No. 01569308
DARF PUBLISHERS LIMITED
Notes to the Financial Statements
for the period ended 26 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
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.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year22
3.Stocks

2023

2022

££
Finished goods78,705185,465
Total78,705185,465
4.Creditors: amounts due within one year

2023

2022

££
Other creditors245,017230,517
Accrued liabilities and deferred income3,2543,099
Total248,271233,616
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.
5.Related party transactions
Welbooks Limited - a related company by virtue of Mr G M & Mrs N Fergiani controlling the related company and are directors in both the companies At the balance sheet date the company owed £14,500 (2022 - £14,500) to the related company. the loan is interest free and repayable on demand. Directors loans At the balance sheet date the company owed £230,517 (2022- £216,017) to the directors which is an interest free loan repayable on demand.