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REGISTERED NUMBER: 07523355 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Domeo Ltd

Domeo Ltd (Registered number: 07523355)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Domeo Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr L J Royle
Mr J Royle





REGISTERED OFFICE: The Shooting Lodge
Pike End Road
Rishworth
HX6 4RH





REGISTERED NUMBER: 07523355 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Domeo Ltd (Registered number: 07523355)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 16,993 29,903
Cash at bank 178 279
17,171 30,182
CREDITORS
Amounts falling due within one year 5 4,637 10,741
NET CURRENT ASSETS 12,534 19,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,534

19,441

CREDITORS
Amounts falling due after more than one year 6 33,056 33,833
NET LIABILITIES (20,522 ) (14,392 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (20,523 ) (14,393 )
SHAREHOLDERS' FUNDS (20,522 ) (14,392 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr L J Royle - Director


Domeo Ltd (Registered number: 07523355)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Domeo Ltd 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.

The company has incurred further losses during the year, resulting in the company's Balance Sheet showing a deficit at 28 February 2024 of £20,523.

The ability of the company to continue as a going concern is dependent on the continued financial support of the directors and the company's bankers.

The directors consider that in preparing the financial statements all information that could reasonably expected to be available has been taken into account. On this basis the directors consider it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,248 3,737
Loan to Roylemac 10 Ltd 750 750
S455 tax recoverable 7,942 7,942
Directors' loan accounts 4,404 15,184
VAT 1,609 1,250
Prepayments & accrued income 1,040 1,040
16,993 29,903

Domeo Ltd (Registered number: 07523355)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,944 1,167
Trade creditors 1,052 2,306
S455 tax payable 782 6,418
Social security and other taxes - 70
Accrued expenses 859 780
4,637 10,741

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 23,333 14,000
Bank loans - 2-5 years 9,723 19,833
33,056 33,833

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr L J Royle
Balance outstanding at start of year 15,184 25,564
Amounts advanced 1,200 -
Amounts repaid (11,980 ) (10,380 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,404 15,184

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L J Royle by virtue of his ownership of 100% of the issued ordinary share capital in the company.