Registered number
12263170
DAGIWA SERVICES LTD
Filleted Accounts
31 October 2023
DAGIWA SERVICES LTD
Registered number: 12263170
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 1,794 1,697
Investments 5 - -
1,794 1,697
Current assets
Stocks - -
Debtors 6 5,414 2,431
Investments held as current assets 7 - -
Cash at bank and in hand 2,376 4,400
7,790 6,831
Creditors: amounts falling due within one year 8 (1,265) (1,283)
Net current assets 6,525 5,548
Total assets less current liabilities 8,319 7,245
Creditors: amounts falling due after more than one year 9 - -
Provisions for liabilities - -
Net assets 8,319 7,245
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve 10 - -
Profit and loss account 8,318 7,244
Shareholder's funds 8,319 7,245
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Gitonga WAWERU
Director
Approved by the board on 26 September 2024
DAGIWA SERVICES LTD
Notes to the Accounts
for the year ended 31 October 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 -
Additions -
Disposals -
At 31 October 2023 -
Amortisation
At 1 November 2022 -
Provided during the year -
On disposals -
At 31 October 2023 -
Net book value
At 31 October 2023 -
At 31 October 2022 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 - 2,894 - 2,894
Additions - 695 - 695
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2023 - 3,589 - 3,589
Depreciation
At 1 November 2022 - 1,197 - 1,197
Charge for the year - 598 - 598
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2023 - 1,795 - 1,795
Net book value
At 31 October 2023 - 1,794 - 1,794
At 31 October 2022 - 1,697 - 1,697
5 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 November 2022 - - -
Additions - - -
Revaluation - - -
Disposals - - -
At 31 October 2023 - - -
6 Debtors 2023 2022
£ £
Trade debtors 5,414 2,431
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors - -
5,414 2,431
7 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments - -
Unlisted investments - -
- -
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments - -
Unlisted investments - -
- -
8 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 873 480
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 392 803
Other creditors - -
1,265 1,283
9 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
- -
10 Revaluation reserve 2023 2022
£ £
At 1 November 2022 - -
Gain on revaluation of land and buildings - -
Deferred taxation arising on the revaluation of land and buildings - -
At 31 October 2023 - -
11 Other information
DAGIWA SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
13 Willoughby Gardens
Nottingham
United Kingdom
NG5 9FA
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