2 true false true false false false false false true true true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,509 5,635 8,144 357 357 7,787 2,509 xbrli:pure xbrli:shares iso4217:GBP 12972719 2022-11-01 2023-12-31 12972719 2023-12-31 12972719 2022-10-31 12972719 2021-11-01 2022-10-31 12972719 2022-10-31 12972719 2021-10-31 12972719 bus:Director1 2022-11-01 2023-12-31 12972719 bus:Director2 2022-11-01 2023-12-31 12972719 core:WithinOneYear 2023-12-31 12972719 core:WithinOneYear 2022-10-31 12972719 core:ShareCapital 2023-12-31 12972719 core:ShareCapital 2022-10-31 12972719 core:RetainedEarningsAccumulatedLosses 2023-12-31 12972719 core:RetainedEarningsAccumulatedLosses 2022-10-31 12972719 bus:SmallEntities 2022-11-01 2023-12-31 12972719 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-12-31 12972719 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-12-31 12972719 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 12972719 bus:FullAccounts 2022-11-01 2023-12-31 12972719 core:OfficeEquipment 2022-11-01 2023-12-31 12972719 core:OfficeEquipment 2022-10-31 12972719 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 12972719
DSAM Limited
Filleted Unaudited Financial Statements
31 December 2023
DSAM Limited
Financial Statements
Period from 1 November 2022 to 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
DSAM Limited
Statement of Financial Position
31 December 2023
31 Dec 23
31 Oct 22
Note
£
£
Fixed assets
Tangible assets
5
7,787
2,509
Current assets
Debtors
6
50,586
9,730
Cash at bank and in hand
52,327
211,911
---------
---------
102,913
221,641
Creditors: amounts falling due within one year
7
11,000
30,871
---------
---------
Net current assets
91,913
190,770
--------
---------
Total assets less current liabilities
99,700
193,279
--------
---------
Net assets
99,700
193,279
--------
---------
Capital and reserves
Called up share capital
400,000
400,000
Profit and loss account
( 300,300)
( 206,721)
---------
---------
Shareholders funds
99,700
193,279
---------
---------
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 period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DSAM Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
S Morjaria
S R Sayeed
Director
Director
Company registration number: 12972719
DSAM Limited
Notes to the Financial Statements
Period from 1 November 2022 to 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 33 Cavendish Square, London, United Kingdom, W1G 0PW.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 November 2022
2,509
Additions
5,635
-------
At 31 December 2023
8,144
-------
Depreciation
At 1 November 2022
Charge for the period
357
-------
At 31 December 2023
357
-------
Carrying amount
At 31 December 2023
7,787
-------
At 31 October 2022
2,509
-------
6. Debtors
31 Dec 23
31 Oct 22
£
£
Other debtors
50,586
9,730
--------
-------
7. Creditors: amounts falling due within one year
31 Dec 23
31 Oct 22
£
£
Social security and other taxes
30,871
Other creditors
11,000
--------
--------
11,000
30,871
--------
--------