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Registered Number: 07311839
England and Wales

 

 

 

DOMINIC MALONE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 118,921    135,909 
118,921    135,909 
Current assets      
Debtors 4 88,088   
Cash at bank and in hand 46,889    115,314 
134,977    115,314 
Creditors: amount falling due within one year 5 (90,023)   (90,995)
Net current assets 44,954    24,319 
 
Total assets less current liabilities 163,875    160,228 
Creditors: amount falling due after more than one year 6 (51,389)   (78,056)
Net assets 112,486    82,172 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 112,386    82,072 
Shareholders' funds 112,486    82,172 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 September 2024 and were signed by:


-------------------------------
Dr D K Malone
Director
1
General Information
Dominic Malone Limited is a private company, limited by shares, registered in England and Wales, registration number 07311839, registration address Welshmill Dental Practice, Welshmill Road, Frome, BA11 2LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 10).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 339,773    339,773 
Additions  
Disposals  
At 31 March 2024 339,773    339,773 
Amortisation
At 01 April 2023 203,864    203,864 
Charge for year 16,988    16,988 
On disposals  
At 31 March 2024 220,852    220,852 
Net book values
At 31 March 2024 118,921    118,921 
At 31 March 2023 135,909    135,909 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 1,088   
Director: Dr D K Malone 87,000   
88,088   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 26,667    26,667 
Corporation Tax 60,626    36,169 
Accrued Expenses 2,730    2,659 
Director: Dr D K Malone   25,500 
90,023    90,995 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 51,389    78,056 
51,389    78,056 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

8.

Advances and Credits



Directors' transactions
Advances, due within one year, have been granted by the company to its directors as follows:

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Directors' transactions87,000 1,088 1,088 87,000 
087000108810880087000
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Directors' transactions83,000 83,000 
830000083000000
2