Registered number
NI628685
Dapper Dudes (NI) Ltd
Filleted Accounts
31 January 2024
Dapper Dudes (NI) Ltd
Registered number: NI628685
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,800 15,120
Current assets
Stocks 50,000 50,000
Debtors 4 114,016 16,835
Cash at bank and in hand 159,136 219,452
323,152 286,287
Creditors: amounts falling due within one year 5 (150,822) (208,733)
Net current assets 172,330 77,554
Total assets less current liabilities 230,130 92,674
Creditors: amounts falling due after more than one year 6 (132,201) (34,058)
Net assets 97,929 58,616
Capital and reserves
Called up share capital 2 2
Profit and loss account 97,927 58,614
Shareholders' funds 97,929 58,616
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.
Julieanne Skelton
Director
Approved by the board on 28 October 2024
Dapper Dudes (NI) 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
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 13 12
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 10,115 20,000 30,115
Additions 51,666 - 51,666
At 31 January 2024 61,781 20,000 81,781
Depreciation
At 1 February 2023 5,435 9,560 14,995
Charge for the year 7,420 1,566 8,986
At 31 January 2024 12,855 11,126 23,981
Net book value
At 31 January 2024 48,926 8,874 57,800
At 31 January 2023 4,680 10,440 15,120
4 Debtors 2024 2023
£ £
Trade debtors (622) 3,853
Other debtors 114,638 12,982
114,016 16,835
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 723 3,282
Trade creditors 59,274 84,059
Taxation and social security costs 17,058 19,533
Other creditors 73,767 101,859
150,822 208,733
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 79,368 34,058
Obligations under finance lease and hire purchase contracts 52,833 -
132,201 34,058
7 Other information
Dapper Dudes (NI) Ltd is a private company limited by shares and incorporated in N.Ireland. Its registered office is:
5 Main Street
Randalstown
Antrim
BT41 3AB
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