Registered number
05550555
DD ASSOCIATES LIMITED
Filleted Accounts
31 October 2024
DD ASSOCIATES LIMITED
Registered number: 05550555
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 35,000 35,000
Tangible assets 4 309 412
35,309 35,412
Current assets
Debtors 5 507 370
Cash at bank and in hand 76,110 75,764
76,617 76,134
Creditors: amounts falling due within one year 6 (55,635) (57,469)
Net current assets 20,982 18,665
Net assets 56,291 54,077
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,191 53,977
Shareholders' funds 56,291 54,077
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.
Devendra Tailor
Director
Approved by the board on 18 November 2024
DD ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 October 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. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 25% on net book value
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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 35,000
At 31 October 2024 35,000
Amortisation
At 31 October 2024 -
Net book value
At 31 October 2024 35,000
At 31 October 2023 35,000
4 Tangible fixed assets
Furnire, fixtures & equipment
£
Cost
At 1 November 2023 550
At 31 October 2024 550
Depreciation
At 1 November 2023 138
Charge for the year 103
At 31 October 2024 241
Net book value
At 31 October 2024 309
At 31 October 2023 412
5 Debtors 2024 2023
£ £
Prepayments 507 370
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,899 1,592
Other creditors 53,736 55,877
55,635 57,469
7 Other information
DD ASSOCIATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
39 Roydale Close
Loughborough
LE11 5UW
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