With Dominic Limited |
Registered number: |
07957400 |
Balance Sheet |
as at 28 February 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
29,878 |
|
|
20,776 |
|
Current assets |
Debtors |
4 |
|
63,578 |
|
|
22,366 |
Cash at bank and in hand |
|
|
131,025 |
|
|
176,386 |
|
|
|
194,603 |
|
|
198,752 |
|
Creditors: amounts falling due within one year |
5 |
|
(70,807) |
|
|
(48,172) |
|
Net current assets |
|
|
|
123,796 |
|
|
150,580 |
|
Total assets less current liabilities |
|
|
|
153,674 |
|
|
171,356 |
|
|
Provisions for liabilities |
|
|
|
(6,872) |
|
|
(3,947) |
|
|
Net assets |
|
|
|
146,802 |
|
|
167,409 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
6 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
146,702 |
|
|
167,309 |
|
Shareholders' funds |
|
|
|
146,802 |
|
|
167,409 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
D Winsor |
Director |
Approved by the board on 29 November 2024 |
|
With Dominic Limited |
Notes to the Accounts |
for the year ended 28 February 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, including expenses, net of discounts and value added taxes and represents amounts recoverable from clients for consultancy services and associated expenses provided during the year. Turnover is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow. Recognition of turnover is in the period in which the services are rendered by reference to the stage of completion, which is assessed on the actual services provided as a proportion of the total value of services to be provided. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
|
|
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, 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 |
25% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price). |
|
|
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and 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. |
|
|
Leased assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery |
£ |
|
Cost |
|
At 1 March 2023 |
51,278 |
|
Additions |
14,816 |
|
At 28 February 2024 |
66,094 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2023 |
30,502 |
|
Charge for the year |
5,714 |
|
At 28 February 2024 |
36,216 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2024 |
29,878 |
|
At 28 February 2023 |
20,776 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
58,893 |
|
18,497 |
|
Other debtors |
4,685 |
|
3,869 |
|
|
|
|
|
|
63,578 |
|
22,366 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
26,407 |
|
- |
|
Taxation and social security costs |
30,637 |
|
46,632 |
|
Other creditors |
13,763 |
|
1,540 |
|
|
|
|
|
|
70,807 |
|
48,172 |
|
|
|
|
|
|
|
|
|
|
6 |
Share capital |
Nominal |
|
2024 |
|
2024 |
|
2023 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
7 |
Other financial commitments |
2024 |
|
2023 |
£ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
1,950 |
|
1,950 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
With Dominic Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 1a, The Farnham Pottery |
|
Pottery Lane |
|
Wrecclesham |
|
Farnham |
|
GU10 4QJ |