Registered number
07521815
Dunne & Dusted Ltd
Filleted Accounts
29 February 2024
Dunne & Dusted Ltd
Registered number: 07521815
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 525 863
Current assets
Stocks 19,000 19,000
Debtors 4 212,881 149,218
Cash at bank and in hand 870 1,302
232,751 169,520
Creditors: amounts falling due within one year 5 (196,964) (127,555)
Net current assets 35,787 41,965
Total assets less current liabilities 36,312 42,828
Provisions for liabilities (100) (263)
Net assets 36,212 42,565
Capital and reserves
Called up share capital 1 1
Profit and loss account 36,211 42,564
Shareholders' funds 36,212 42,565
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Magdalena Dunne
Director
Approved by the board on 11 November 2024
Dunne & Dusted Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is measured at the higher of cost and estimated selling price less costs to complete and sell
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension scheme are expensed in the period in which they made.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 5,341
At 29 February 2024 5,341
Depreciation
At 1 March 2023 4,478
Charge for the year 338
At 29 February 2024 4,816
Net book value
At 29 February 2024 525
At 28 February 2023 863
4 Debtors 2024 2023
£ £
Trade debtors 212,881 149,218
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 46,156 9,118
Trade creditors 53,424 30,535
Taxation and social security costs 97,384 87,902
196,964 127,555
6 Other information
Dunne & Dusted Ltd is a private company limited by shares and incorporated in England. Its registered office is:
226-228 King Street
London
W6 0RA
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