Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsefalseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10788661 2023-02-01 2024-01-31 10788661 2022-02-01 2023-01-31 10788661 2024-01-31 10788661 2023-01-31 10788661 c:Director1 2023-02-01 2024-01-31 10788661 d:OfficeEquipment 2023-02-01 2024-01-31 10788661 d:OfficeEquipment 2024-01-31 10788661 d:OfficeEquipment 2023-01-31 10788661 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10788661 d:CurrentFinancialInstruments 2024-01-31 10788661 d:CurrentFinancialInstruments 2023-01-31 10788661 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 10788661 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 10788661 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10788661 c:OrdinaryShareClass1 2024-01-31 10788661 c:OrdinaryShareClass1 2023-01-31 10788661 c:FRS102 2023-02-01 2024-01-31 10788661 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10788661 c:FullAccounts 2023-02-01 2024-01-31 10788661 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10788661 2 2023-02-01 2024-01-31 10788661 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10788661









DAN GLOBAL (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
DAN GLOBAL (UK) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DAN GLOBAL (UK) LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dan Global (UK) Limited for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Dan Global (UK) Limited in accordance with the terms of our engagement letter dated 20 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of Dan Global (UK) Limited and state those matters that we have agreed to state to the director of Dan Global (UK) Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dan Global (UK) Limited and its director for our work or for this report. 

It is your duty to ensure that Dan Global (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dan Global (UK) Limited. You consider that Dan Global (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Dan Global (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
291 Green Lanes
Palmers Green
London
N13 4XS
14 October 2024
Page 1

 
DAN GLOBAL (UK) LIMITED
REGISTERED NUMBER: 10788661

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
£
£


Fixed assets
1,485
4,439

Current assets
423,936
860,934

Creditors: amounts falling due within one year
(176,094)
(189,311)

Net current assets
 
 
247,842
 
 
671,623

Total assets less current liabilities
249,327
676,062

Provisions for liabilities

Deferred taxation
(371)
(843)

 
 
(371)
 
 
(843)

Net assets
248,956
675,219



Capital and reserves
248,956
675,219


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Evren Kacar
Director

Date: 14 October 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Dan Global (UK) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10788661. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of digital services
Revenue from a contract to provide services is recognised at the point of sale, when the service contract and term has been agreed between the company and its customer.

Page 3

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight line 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 February 2023
15,601



At 31 January 2024

15,601



Depreciation


At 1 February 2023
11,161


Charge for the year on owned assets
2,954



At 31 January 2024

14,115



Net book value



At 31 January 2024
1,486



At 31 January 2023
4,439


5.


Debtors

2024
2023
£
£


Trade debtors
105,115
134,467

Other debtors
10,000
30,022

115,115
164,489


Page 6

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
308,822
696,446

308,822
696,446



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,718
7,343

Corporation tax
133,869
151,338

Other taxation and social security
14,801
16,288

Other creditors
6,211
5,783

Accruals and deferred income
8,495
8,559

176,094
189,311



8.


Deferred taxation




2024


£






At beginning of year
(843)


Charged to profit or loss
472



At end of year
(371)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(371)
(843)

(371)
(843)


9.


Share capital

2024
2023
Page 7

 
DAN GLOBAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.Share capital (continued)

£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £0.01 each
1.00
1.00



10.


Transactions with directors

Included within Other Creditors at the year end is an amount of £202 (2023: Other Debtors £1,022) owed to the company by the Director. During the year the company made payments to and on behalf of the director of £576 (2023: £157) The director made contributions to the company of £1,800 (2023: £312 ).

Page 8