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COMPANY REGISTRATION NUMBER: 11004012
DEAL SHAKER CORP LIMITED
Filleted Unaudited Financial Statements
31 October 2023
DEAL SHAKER CORP LIMITED
Director's Report
Year ended 31 October 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 October 2023 .
Director
The director who served the company during the year was as follows:
Mr S.S. Clair
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 October 2024 and signed on behalf of the board by:
Mr S.S. Clair
Director
Registered office:
49 Jeffcock Road
Wolverhampton
WV3 7AG
DEAL SHAKER CORP LIMITED
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Current assets
Stocks
18,479
20,000
Debtors
5
111,589
55,326
Cash at bank and in hand
18,020
60,431
---------
---------
148,088
135,757
Creditors: amounts falling due within one year
6
161,988
151,994
---------
---------
Net current liabilities
13,900
16,237
--------
--------
Total assets less current liabilities
( 13,900)
( 16,237)
Creditors: amounts falling due after more than one year
7
15,837
25,836
--------
--------
Net liabilities
( 29,737)
( 42,073)
--------
--------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
( 29,738)
( 42,074)
--------
--------
Shareholders deficit
( 29,737)
( 42,073)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DEAL SHAKER CORP LIMITED
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
Mr S.S. Clair
Director
Company registration number: 11004012
DEAL SHAKER CORP LIMITED
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 49 Jeffcock Road, Wolverhampton, WV3 7AG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Debtors
2023
2022
£
£
Trade debtors
1,081
326
Other debtors
110,508
55,000
---------
--------
111,589
55,326
---------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
24,071
24,073
Corporation tax
1,842
1,842
Social security and other taxes
120,540
95,919
Other creditors
5,535
20,160
---------
---------
161,988
151,994
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,837
25,836
--------
--------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Director's advances, credits and guarantees
At 31st October 2023, other debtors include the following amounts due from the director:- Mr S. Singh £55,508 (2022-£12,986cr) The loans are interest-free and repayable on demand.
10. Related party transactions
Included within debtors is an amount due from Mr P. Clair, of £50,000. The loan is interest free and for an indefinite period, however it is repayable on demand.