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REGISTERED NUMBER: 09689847 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Daas Trading London Limited

Daas Trading London Limited (Registered number: 09689847)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 7

Daas Trading London Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Ali Dogan Atim





REGISTERED OFFICE: 12b Commercial Road
London
N18 1TP





REGISTERED NUMBER: 09689847 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Daas Trading London Limited (Registered number: 09689847)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,044 52,322

CURRENT ASSETS
Debtors 5 980,248 927,647
Cash at bank and in hand 192,708 123,428
1,172,956 1,051,075
CREDITORS
Amounts falling due within one year 6 240,554 72,742
NET CURRENT ASSETS 932,402 978,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,446

1,030,655

CREDITORS
Amounts falling due after more than one year 7 82,954 162,472
NET ASSETS 903,492 868,183

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 902,492 867,183
SHAREHOLDERS' FUNDS 903,492 868,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:



Mr Ali Dogan Atim - Director


Daas Trading London Limited (Registered number: 09689847)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Daas Trading London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Daas Trading London Limited (Registered number: 09689847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2022 4,790 82,933 - 87,723
Additions - 1,900 17,598 19,498
At 30 June 2023 4,790 84,833 17,598 107,221
DEPRECIATION
At 1 July 2022 527 34,874 - 35,401
Charge for year 85 9,992 7,699 17,776
At 30 June 2023 612 44,866 7,699 53,177
NET BOOK VALUE
At 30 June 2023 4,178 39,967 9,899 54,044
At 30 June 2022 4,263 48,059 - 52,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 356,461 303,860
Other debtors 623,787 623,787
980,248 927,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 8) 67,726 5,256
Hire purchase contracts 6,075 -
Trade creditors 103,630 42,622
Tax 40,799 9,258
Social security and other taxes 1,100 2,348
VAT 17,907 13,258
Other creditors 317 -
Accrued expenses 3,000 -
240,554 72,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 8) 37,445 120,000
Hire purchase contracts 3,037 -
Other creditors 42,472 42,472
82,954 162,472

Daas Trading London Limited (Registered number: 09689847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,445 120,000

8. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 30,133 -
Bank loans 37,593 5,256
67,726 5,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,445 120,000

9. SECURED DEBTS

Persons entitled
Lloyds Bank Commercial Finance Ltd

Date created: 7 November 2019
Charge code: 0968 9847 0004

Brief description
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary Share £1.00 1,000 1,000

Daas Trading London Limited (Registered number: 09689847)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. RESERVES
Retained
earnings
£   

At 1 July 2022 867,183
Profit for the year 161,053
Dividends (125,744 )
At 30 June 2023 902,492

12. RELATED PARTY DISCLOSURES

At the year end the amount of £623,787 (2022: 623,787) was owed by Gurada Property Ltd , Company number: 11233366, Registered in England and Wales. The above balance was included in the Debtors: Amounts Falling due within one year " Other debtors".

Mr Ali Dogan Atim is a director and shareholders for both companies.

Daas Trading London Limited

Report of the Accountants to the Director of
Daas Trading London Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ


10 October 2024