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Company Registration No. 05335029 (England and Wales)
Dare 2 Share Limited Unaudited accounts for the year ended 31 January 2024
Dare 2 Share Limited Unaudited accounts Contents
Page
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Dare 2 Share Limited Company Information for the year ended 31 January 2024
Director
J Daniel-Sam
Secretary
P Daniel-Sam
Company Number
05335029 (England and Wales)
Registered Office
61 Plodder Lane Farnworth BL4 0BX
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Dare 2 Share Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
912 
1,140 
Current assets
Inventories
352,223 
346,133 
Cash at bank and in hand
405 
5,893 
352,628 
352,026 
Creditors: amounts falling due within one year
(20,690)
(17,683)
Net current assets
331,938 
334,343 
Total assets less current liabilities
332,850 
335,483 
Creditors: amounts falling due after more than one year
(305,394)
(311,727)
Provisions for liabilities
Deferred tax
(174)
(217)
Net assets
27,282 
23,539 
Capital and reserves
Called up share capital
252 
252 
Profit and loss account
27,030 
23,287 
Shareholders' funds
27,282 
23,539 
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 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 31 October 2024 and were signed on its behalf by
J Daniel-Sam Director Company Registration No. 05335029
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Dare 2 Share Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Dare 2 Share Limited is a private company, limited by shares, registered in England and Wales, registration number 05335029. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Dare 2 Share Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
3,032 
At 31 January 2024
3,032 
Depreciation
At 1 February 2023
1,892 
Charge for the year
228 
At 31 January 2024
2,120 
Net book value
At 31 January 2024
912 
At 31 January 2023
1,140 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
10,083 
6,035 
Taxes and social security
607 
1,648 
20,690 
17,683 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,534 
27,973 
Loans from directors
285,860 
283,754 
305,394 
311,727 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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