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COMPANY REGISTRATION NUMBER: 11587649
Dare Worldwide Ltd
Filleted Unaudited Financial Statements
31 December 2023
Dare Worldwide Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
5,637
49,169
Cash at bank and in hand
29,361
63,351
--------
---------
34,998
112,520
Creditors: amounts falling due within one year
6
145,571
199,197
---------
---------
Net current liabilities
110,573
86,677
---------
--------
Total assets less current liabilities
( 110,573)
( 86,677)
---------
--------
Net liabilities
( 110,573)
( 86,677)
---------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 110,574)
( 86,678)
---------
--------
Shareholders deficit
( 110,573)
( 86,677)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
R Quayle
Director
Company registration number: 11587649
Dare Worldwide Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22-23 Portman Close, London, W1H 6BS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the year end the company had liabilities exceeding assets. The company relies on the continued support of the director and shareholder to finance the day to day working requirements. The director considers it appropriate to prepare the financial statements on a going concern basis as she expects that this support will continue for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023
2022
£
£
Trade debtors
3,267
38,178
Other debtors
2,370
10,991
-------
--------
5,637
49,169
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
42,936
Other creditors
145,571
156,261
---------
---------
145,571
199,197
---------
---------