Registered number
13282542
Dragonmindmma Ltd
Filleted Accounts
29 February 2024
Dragonmindmma Ltd
Registered number: 13282542
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,000 9,000
Tangible assets 4 1,452 1,708
7,452 10,708
Current assets
Cash at bank and in hand 499 1,396
Creditors: amounts falling due within one year 5 (13,699) (17,764)
Net current liabilities (13,200) (16,368)
Total assets less current liabilities (5,748) (5,660)
Creditors: amounts falling due after more than one year 6 (2,742) -
Net liabilities (8,490) (5,660)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,590) (5,760)
Shareholder's funds (8,490) (5,660)
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.
Mr S Harding
Director
Approved by the board on 04.10.24
Dragonmindmma Ltd
Notes to the Accounts
for the year ended 29 February 2024
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 represents the value, net of value added tax and discounts, of services provided to customers.
Amortisation
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings, tools and equipment 15% Reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 0
3 Intangible fixed assets £
Franchise Fee:
Cost
At 1 March 2023 15,000
At 29 February 2024 15,000
Amortisation
At 1 March 2023 6,000
Provided during the year 3,000
At 29 February 2024 9,000
Net book value
At 29 February 2024 6,000
At 28 February 2023 9,000
Franchise Fee is being written off in equal annual instalments over 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 2,085
At 29 February 2024 2,085
Depreciation
At 1 March 2023 377
Charge for the year 256
At 29 February 2024 633
Net book value
At 29 February 2024 1,452
At 28 February 2023 1,708
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 289
Taxation and social security costs 1,701 2,460
Other creditors 11,998 15,015
13,699 17,764
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,742 -
7 Other information
Dragonmindmma Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Britannia House
16 Hall Quay
Great Yarmouth
NR30 1HP
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