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Company Registration No. 3860837 (England and Wales)
Domeflow Ltd Unaudited accounts for the year ended 31 October 2023
Domeflow Ltd Unaudited accounts Contents
Page
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Domeflow Ltd Company Information for the year ended 31 October 2023
Director
A C Hobbis
Company Number
3860837 (England and Wales)
Registered Office
Sharp Garland House Eastgate Square Chichester West Sussex PO19 1ED
Accountants
Hampshire Accountancy Services College Court 15 Bowen Lane Petersfield Hampshire GU31 4DR
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Domeflow Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,650 
10,376 
Current assets
Inventories
3,250 
3,250 
Debtors
1,975 
5,490 
Cash at bank and in hand
7,730 
6,019 
12,955 
14,759 
Creditors: amounts falling due within one year
(64,327)
(52,960)
Net current liabilities
(51,372)
(38,201)
Total assets less current liabilities
(44,722)
(27,825)
Creditors: amounts falling due after more than one year
(47,591)
(51,275)
Provisions for liabilities
Deferred tax
(2,832)
(2,832)
Net liabilities
(95,145)
(81,932)
Capital and reserves
Called up share capital
10,000 
10,000 
Share premium
27,500 
27,500 
Profit and loss account
(132,645)
(119,432)
Shareholders' funds
(95,145)
(81,932)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
A C Hobbis Director Company Registration No. 3860837
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Domeflow Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Domeflow Ltd is a private company, limited by shares, registered in England and Wales, registration number 3860837. The registered office is Sharp Garland House, Eastgate Square, Chichester, West Sussex, PO19 1ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Leasehold Cost & Improvements - 25% reducing balance Computer Equipment - 33% on a reducing balance Fixtures, Fittings & Equipment - 15% on a reducing balance Motor Vehicle - 13.5% on a reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Domeflow Ltd Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
22,522 
At 31 October 2023
22,522 
Amortisation
At 1 November 2022
22,522 
At 31 October 2023
22,522 
Net book value
At 31 October 2023
- 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
10,867 
23,750 
42,505 
4,109 
81,231 
At 31 October 2023
10,867 
23,750 
42,505 
4,109 
81,231 
Depreciation
At 1 November 2022
10,292 
19,943 
36,735 
3,885 
70,855 
Charge for the year
- 
1,338 
2,388 
- 
3,726 
At 31 October 2023
10,292 
21,281 
39,123 
3,885 
74,581 
Net book value
At 31 October 2023
575 
2,469 
3,382 
224 
6,650 
At 31 October 2022
575 
3,807 
5,770 
224 
10,376 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,975 
5,490 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,600 
3,600 
Trade creditors
34,798 
46,380 
Taxes and social security
4,272 
2,183 
Loans from directors
21,452 
- 
Accruals
205 
797 
64,327 
52,960 
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Domeflow Ltd Notes to the Accounts for the year ended 31 October 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,687 
46,371 
Obligations under finance leases and hire purchase contracts
4,904 
4,904 
47,591 
51,275 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A C Hobbis
Advances and Credits
8,549 
- 
30,001 
(21,452)
8,549 
- 
30,001 
(21,452)
11
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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