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Registration number: 08904270

Danst Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Danst Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Danst Solutions Ltd

Company Information

Director

Mr D A Newman

Registered office

12 Javelin Close
Amesbury
Salisbury
Wiltshire
SP4 7UD

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Danst Solutions Ltd

(Registration number: 08904270)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

289

385

Current assets

 

Debtors

5

27,323

42,231

Creditors: Amounts falling due within one year

6

(23,125)

(33,019)

Net current assets

 

4,198

9,212

Total assets less current liabilities

 

4,487

9,597

Creditors: Amounts falling due after more than one year

6

(5,333)

(9,333)

Net (liabilities)/assets

 

(846)

264

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(847)

263

Shareholders' (deficit)/funds

 

(846)

264

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 November 2024
 

 

Danst Solutions Ltd

(Registration number: 08904270)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Mr D A Newman
Director

 

Danst Solutions Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
12 Javelin Close
Amesbury
Salisbury
Wiltshire
SP4 7UD

These financial statements were authorised for issue by the director on 19 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Danst Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Straight Line

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Danst Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 March 2023

494

494

At 29 February 2024

494

494

Depreciation

At 1 March 2023

109

109

Charge for the year

96

96

At 29 February 2024

205

205

Carrying amount

At 29 February 2024

289

289

At 28 February 2023

385

385

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

6,300

Other debtors

21,117

26,698

 

21,117

32,998

Non-current

2024
£

2023
£

Other debtors

6,206

9,233

 

6,206

9,233

6

Creditors

Creditors: amounts falling due within one year

 

Danst Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

17,853

12,485

Trade creditors

 

-

557

Taxation and social security

 

3,832

18,397

Accruals and deferred income

 

1,440

1,580

 

23,125

33,019

 

Danst Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

5,333

9,333

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,333

9,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,000

4,000

Bank overdrafts

13,853

8,485

17,853

12,485

9

Dividends

 

Danst Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

9

Dividends (continued)

2024

2023

£

£

Interim dividend of £14,900.00 (2023 - £40,300.00) per ordinary share

14,900

40,300

 

 

10

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Repayments by director
£

Other payments made to company by director
£

At 29 February 2024
£

Mr D A Newman

The loan has no fixed date of repayment and charged with 2.25% interest.

26,698

(9,812)

1,204

18,090

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

24,000

32,000