1 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12526942 2023-04-01 2024-03-31 12526942 2024-03-31 12526942 2023-03-31 12526942 2022-04-01 2023-03-31 12526942 2023-03-31 12526942 2022-03-31 12526942 bus:RegisteredOffice 2023-04-01 2024-03-31 12526942 bus:Director1 2023-04-01 2024-03-31 12526942 bus:Director2 2023-04-01 2024-03-31 12526942 bus:CompanySecretary1 2023-04-01 2024-03-31 12526942 core:WithinOneYear 2024-03-31 12526942 core:WithinOneYear 2023-03-31 12526942 core:ShareCapital 2024-03-31 12526942 core:ShareCapital 2023-03-31 12526942 core:RetainedEarningsAccumulatedLosses 2024-03-31 12526942 core:RetainedEarningsAccumulatedLosses 2023-03-31 12526942 bus:SmallEntities 2023-04-01 2024-03-31 12526942 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12526942 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12526942 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12526942 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 12526942
Disarm Limited
Unaudited filleted financial statements
31 March 2024
Disarm Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Disarm Limited
Directors and other information
Directors Mr C S Townley
Mrs C A Townley (Appointed 17 September 2024)
Secretary Sekforde Street Nominees Limited
Company number 12526942
Registered office The Old Court House
58 Winchester Street
London
W3 8PF
Disarm Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 583,203 25,594
Cash at bank and in hand 123,315 655,228
_______ _______
706,518 680,822
Creditors: amounts falling due
within one year 6 ( 176,012) ( 101,905)
_______ _______
Net current assets 530,506 578,917
_______ _______
Total assets less current liabilities 530,506 578,917
_______ _______
Net assets 530,506 578,917
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 530,406 578,817
_______ _______
Shareholders funds 530,506 578,917
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 04 November 2024 , and are signed on behalf of the board by:
Mr C S Townley
Director
Company registration number: 12526942
Disarm Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Court House, 58 Winchester Street, London, W3 8PF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 582,976 1,377
Other debtors 227 24,217
_______ _______
583,203 25,594
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 5,045
Amounts owed to group undertakings and undertakings in which the company has a participating interest 10,992 -
Other creditors 165,020 96,860
_______ _______
176,012 101,905
_______ _______
7. Controlling party
The report entity is wholly owned by Mountain Gap Limited, a company registered in England and Wales, whose address is at 58 Winchester Street, London, W3 8PF.