Company Registration No. 12570292 (England and Wales)
Dazzle Technologies Ltd
Unaudited accounts
for the year ended 31 March 2024
Dazzle Technologies Ltd
Unaudited accounts
Contents
Dazzle Technologies Ltd
Company Information
for the year ended 31 March 2024
Directors
Adrian Lawson
Paul Soanes
Company Number
12570292 (England and Wales)
Registered Office
71-75 Shelton Street
London
Greater London
WC2H 9JQ
United Kingdom
Dazzle Technologies Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
8,444
8,008
Cash at bank and in hand
125,735
60,506
Creditors: amounts falling due within one year
(365,291)
(124,566)
Net current (liabilities)/assets
(77,965)
13,983
Net (liabilities)/assets
(69,521)
21,991
Called up share capital
126
125
Share premium
199,969
199,971
Profit and loss account
(269,616)
(178,105)
Shareholders' funds
(69,521)
21,991
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Adrian Lawson
Director
Company Registration No. 12570292
Dazzle Technologies Ltd
Notes to the Accounts
for the year ended 31 March 2024
Dazzle Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12570292. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
25% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Dazzle Technologies Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
-
9,868
3,806
13,674
Additions
4,750
3,382
1,307
9,439
Disposals
(4,750)
-
-
(4,750)
At 31 March 2024
-
13,250
5,113
18,363
At 1 April 2023
-
2,538
3,128
5,666
Charge for the year
-
3,750
503
4,253
At 31 March 2024
-
6,288
3,631
9,919
At 31 March 2024
-
6,962
1,482
8,444
At 31 March 2023
-
7,330
678
8,008
Amounts falling due within one year
Trade debtors
103,122
32,365
Accrued income and prepayments
29,868
-
Other debtors
28,601
45,678
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,783
7,336
Taxes and social security
5,585
4,612
Other creditors
9,987
4,441
Loans from directors
22,146
39,627
Deferred income
289,410
59,331
7
Average number of employees
During the year the average number of employees was 6 (2023: 7).