Registered number
09935671
Dark Dragon Ltd
Unaudited Filleted Accounts
For The Year Ended
31 January 2024
Dark Dragon Ltd
Registered number: 09935671
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,695 10,115
Current assets
Stocks 21,000 10,000
Debtors 4 13,965 14,816
Cash at bank and in hand 28,382 49,689
63,347 74,505
Creditors: amounts falling due within one year 5 (68,554) (54,904)
Net current (liabilities)/assets (5,207) 19,601
Total assets less current liabilities (1,512) 29,716
Creditors: amounts falling due after more than one year 6 (13,333) (24,252)
Net (liabilities)/assets (14,845) 5,464
Capital and reserves
Called up share capital 90 90
Profit and loss account (14,935) 5,374
Shareholders' funds (14,845) 5,464
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S Adams
Director
Approved by the board on 24 September 2024
Dark Dragon Ltd
Notes to the Accounts
for the year ended 31 January 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 derived from the sales of drinks and bar snacks and ticket sales for events.
Going Concern
The accounts have been prepared on the basis that the company is a going concern. The directors are of the opinion that there is sufficient funds for the company to meet its day to day commitments.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 29,583
Additions 750
At 31 January 2024 30,333
Depreciation
At 1 February 2023 19,468
Charge for the year 7,170
At 31 January 2024 26,638
Net book value
At 31 January 2024 3,695
At 31 January 2023 10,115
4 Debtors 2024 2023
£ £
Trade debtors 590 1,816
Other debtors 13,375 13,000
13,965 14,816
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 9,300
Trade creditors 1,989 981
Taxation and social security costs 18,368 23,426
Other creditors 38,197 21,197
68,554 54,904
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,333 24,252
7 Controlling party
The company is controlled by S Adams who owns 77.78% of the issued share capital.
8 Other information
Dark Dragon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71 - 75 Shelton Street
Covent Garden
London
WC2H 9JQ
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