Registered number
06932801
DOODLEBAR LIMITED
Filleted Accounts
31 December 2023
DOODLEBAR LIMITED
Registered number: 06932801
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,627 28,140
Current assets
Stocks 8,374 8,374
Debtors 4 22,220 27,296
Cash at bank and in hand 480,166 307,133
510,760 342,803
Creditors: amounts falling due within one year 5 (404,983) (371,274)
Net current assets/(liabilities) 105,777 (28,471)
Total assets less current liabilities 126,404 (331)
Creditors: amounts falling due after more than one year 6 (22,499) (33,323)
Net assets/(liabilities) 103,905 (33,654)
Capital and reserves
Called up share capital 2 2
Profit and loss account 103,903 (33,656)
Shareholders' funds 103,905 (33,654)
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.
V C Barbe
Director
Approved by the board on 24 September 2024
DOODLEBAR LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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:
Plant and machinery 33% Reducing Balance
Fixtures, fittings, tools and equipment 33% 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 9
3 Tangible fixed assets
Plant and machinery etc Fixture & Fittings Total
£ £ £
Cost
At 1 January 2023 21,846 264,723 286,569
Additions 395 2,252 2,647
At 31 December 2023 22,241 266,975 289,216
Depreciation
At 1 January 2023 19,502 238,927 258,429
Charge for the year 904 9,256 10,160
At 31 December 2023 20,406 248,183 268,589
Net book value
At 31 December 2023 1,835 18,792 20,627
At 31 December 2022 2,344 25,796 28,140
4 Debtors 2023 2022
£ £
Trade debtors 2,920 7,996
Prepayments and accrued income 4,750 4,750
Other debtors 14,550 14,550
22,220 27,296
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 63,193 64,728
Amounts owed to group undertakings and undertakings in which the company has a participating interest 114,982 104,529
Amount owed to related undertaking 114,982 104,529
Taxation and social security costs 76,266 46,066
Accruals and deferred income 35,560 51,422
404,983 371,274
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,499 33,323
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 10,975 10,975
8 Related party transactions
Two debentures are in place, both for £50,000 with 10% compound interest rates, both of which are repayable on demand and secured against the whole of Doodlebar's assets. These debentures are with Kevin Cassandro, a Shareholder and director of the company, and Squint Opera Limited a former Shareholder of the Company. Two further loans of £15,000 are also in place with both parties under the same terms. There are no set repayment dates and both have been included within creditors due within one year, under amounts owed to related undertakings.
As at 31 December 2023, there was a loan balance of £114,982 (2022: £104,529) due to Squint Opera Limited, a company that owned 50% Share Capital of the company. Interest of £10,453 (2022: £9,502) was charged in 2023.
As at 31 December 2023, there was a loan balance of £114,982 (2022: £104,529) due to Kevin Cassandro a director and shareholder of the company. Interest of £10,453 (2022: £9,502) was charged in 2023.
9 Controlling party
The company was under the control of the director V C Barbe, during the year under review.
10 Other information
DOODLEBAR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
60 Druid Street
London
SE1 2EZ
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