Company registration number 08773330 (England and Wales)
DANISH LIVING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
DANISH LIVING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DANISH LIVING LIMITED (REGISTERED NUMBER: 08773330)
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
914
1,191
Investments
4
220
-
0
1,134
1,191
Current assets
Stocks
185,845
-
Debtors
5
164,499
43,001
Cash at bank and in hand
118
13,350
350,462
56,351
Creditors: amounts falling due within one year
6
(375,102)
(37,777)
Net current (liabilities)/assets
(24,640)
18,574
Total assets less current liabilities
(23,506)
19,765
Creditors: amounts falling due after more than one year
7
(17,763)
(20,691)
Net liabilities
(41,269)
(926)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(41,279)
(936)
Total equity
(41,269)
(926)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

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

DANISH LIVING LIMITED (REGISTERED NUMBER: 08773330)
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 19 September 2024
Mr L S Graabek
Director
DANISH LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Danish Living Limited is a private company limited by shares incorporated in England and Wales. The registered office is 68 Barnmead, Barnmead, Haywards Heath, West Sussex, RH16 1UZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

DANISH LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Work in progress which includes costs relating to projects in development are stated at the lower of cost and net realisable value.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 1 December 2022
2,977
Additions
319
At 30 November 2023
3,296
Depreciation and impairment
At 1 December 2022
1,786
Depreciation charged in the year
596
At 30 November 2023
2,382
Carrying amount
At 30 November 2023
914
At 30 November 2022
1,191
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
220
-
0
DANISH LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
4
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 December 2022
-
Additions
220
At 30 November 2023
220
Carrying amount
At 30 November 2023
220
At 30 November 2022
-
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
164,499
43,001
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,928
2,856
Trade creditors
13,962
804
Amounts owed to group undertakings
220
-
0
Taxation and social security
247
7,731
Other creditors
357,745
26,386
375,102
37,777
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,763
20,691
DANISH LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
8
Financial commitments, guarantees and contingent liabilities

In 2020, the company borrowed £28,200 from its bankers as a Bounce Back Loan. As part of this loan scheme the UK government has guaranteed the advance and has paid the interest and fees due for the first 12 months. As at the balance sheet date the balance outstanding on this loan is £20,691.

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