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Registered number: 06463872
Direct Accident Claim Assistance Limited
Financial Statements
For The Year Ended 31 January 2024
Patel & Co. Accountants
362 Derby Street
Bolton
BL3 6LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06463872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,800 4,634
3,800 4,634
CURRENT ASSETS
Debtors 5 59,775 71,057
Cash at bank and in hand 382 8,298
60,157 79,355
Creditors: Amounts Falling Due Within One Year 6 (1,229 ) (8,551 )
NET CURRENT ASSETS (LIABILITIES) 58,928 70,804
TOTAL ASSETS LESS CURRENT LIABILITIES 62,728 75,438
Creditors: Amounts Falling Due After More Than One Year 7 (15,133 ) (21,339 )
NET ASSETS 47,595 54,099
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 47,594 54,098
SHAREHOLDERS' FUNDS 47,595 54,099
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Shoy Cherian
Director
15th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Direct Accident Claim Assistance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06463872 . The registered office is 19 Hatchmere Close Timperley, Altrincham, WA15 7LN.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 18% on wdv
Motor Vehicles 18% on wdv
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 5,008 14,000 19,008
As at 31 January 2024 5,008 14,000 19,008
Depreciation
As at 1 February 2023 3,646 10,728 14,374
Provided during the period 245 589 834
As at 31 January 2024 3,891 11,317 15,208
Net Book Value
As at 31 January 2024 1,117 2,683 3,800
As at 1 February 2023 1,362 3,272 4,634
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,963
Other debtors 59,775 68,094
59,775 71,057
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,178 1,205
Other taxes and social security - 146
VAT 51 752
Director's loan account - 6,448
1,229 8,551
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,133 21,339
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Dividends
Page 4