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Registered number: 11230390
Donna May Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Daniel Wolfson & Co Ltd
Dns House 382 Kenton Road
Harrow
Greater London
HA3 8DP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11230390
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,499 4,162
3,499 4,162
CURRENT ASSETS
Stocks 5 73,685 106,259
Debtors 6 10,883 6,355
Cash at bank and in hand 154,527 150,050
239,095 262,664
Creditors: Amounts Falling Due Within One Year 7 (93,452 ) (98,630 )
NET CURRENT ASSETS (LIABILITIES) 145,643 164,034
TOTAL ASSETS LESS CURRENT LIABILITIES 149,142 168,196
Creditors: Amounts Falling Due After More Than One Year 8 (17,035 ) (24,167 )
NET ASSETS 132,107 144,029
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 132,007 143,929
SHAREHOLDERS' FUNDS 132,107 144,029
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms D M Clitheroe
Director
15/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Donna May Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11230390 . The registered office is 382 Dns House Kenton Road, Harrow, Greater London, HA3 8DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 5,579 7,084 12,663
Additions - 1,472 1,472
Disposals - (4,263 ) (4,263 )
As at 31 March 2024 5,579 4,293 9,872
Depreciation
As at 1 April 2023 2,528 5,973 8,501
Provided during the period 763 1,372 2,135
Disposals - (4,263 ) (4,263 )
As at 31 March 2024 3,291 3,082 6,373
Net Book Value
As at 31 March 2024 2,288 1,211 3,499
As at 1 April 2023 3,051 1,111 4,162
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5. Stocks
31 March 2024 31 March 2023
£ £
Stocks 73,685 106,259
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 7,676 2,707
Prepayments and accrued income 3,207 3,508
Social security and other tax - 140
10,883 6,355
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 26,233 40,718
Bank loans and overdrafts 12,025 10,000
Corporation tax 19,204 8,377
Social security and other tax 304 -
VAT 23,977 32,829
Other creditors 751 114
Accruals and deferred income 10,297 800
Directors' loan accounts 661 5,792
93,452 98,630
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans - 2-5 years 17,035 24,167
17,035 24,167
During Aug-2020, the company availed itself of the Govt-backed Coronavirus Bounce-back Loan Scheme. There is no interest payable nor capital repayments due for the first year. Over the remaining 5 year loan term, the loan is repayable by equal instalments with interest at 2.5%. There are no penalties on early redemption.
9. Share Capital
31 March 2024 31 March 2023
Allotted, called up and fully paid £ £
70 Ordinary Shares of £ 1.00 each 70 70
30 Ordinary B shares of £ 1.00 each 30 30
100 100
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10. Dividends
31 March 2024 31 March 2023
£ £
On equity shares:
Final dividend paid 71,600 70,000
71,600 70,000
11. Related Party Transactions
During the year, total dividends of £71,600 (2023 - £70,000) were paid to the directors.
12. Ultimate Controlling Party
Ms D M Clitheroe is the ultimate controlling party by virtue of her majority holding of voting shares.
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