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Registration number: 04282335

DSDHA Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

DSDHA Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

DSDHA Limited

Company Information

Directors

David Hills

Deborah Saunt

Martin Ross Pearson

Thomas Andrew Greenall

Company secretary

David Hills

Registered office

357 Kennington Lane
London
SE11 5QY

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

DSDHA Limited

(Registration number: 04282335)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

36,620

21,840

Tangible assets

5

61,874

25,838

 

98,494

47,678

Current assets

 

Debtors

6

1,419,937

885,725

Cash at bank and in hand

 

861,182

372,809

 

2,281,119

1,258,534

Creditors: Amounts falling due within one year

7

(921,629)

(282,983)

Net current assets

 

1,359,490

975,551

Total assets less current liabilities

 

1,457,984

1,023,229

Provisions for liabilities

(23,046)

(7,784)

Net assets

 

1,434,938

1,015,445

Capital and reserves

 

Called up share capital

8

1,304

1,304

Share premium reserve

54,666

54,666

Capital redemption reserve

20

20

Retained earnings

1,378,948

959,455

Shareholders' funds

 

1,434,938

1,015,445

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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.

 

DSDHA Limited

(Registration number: 04282335)
Balance Sheet as at 31 March 2024

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

......................................
David Hills
Company secretary and director

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
357 Kennington Lane
London
SE11 5QY

These financial statements were authorised for issue by the Board on 29 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Government grants

Money received in the form of a government grant is treated as a revenue grant. Therefore, grant income is
recorded within other income in the income statement on a systematic basis in the same periods as the related
expenses occurred.

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 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

Furniture, fittings and equipment

straight line over 5 years

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software

straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2023 - 25).

4

Intangible assets

Website development cost
£

Software development cost
£

Total
£

Cost or valuation

At 1 April 2023

36,400

12,415

48,815

Additions acquired separately

27,575

-

27,575

At 31 March 2024

63,975

12,415

76,390

Amortisation

At 1 April 2023

14,560

12,415

26,975

Amortisation charge

12,795

-

12,795

At 31 March 2024

27,355

12,415

39,770

Carrying amount

At 31 March 2024

36,620

-

36,620

At 31 March 2023

21,840

-

21,840

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 April 2023

153,392

22,148

175,540

Additions

76,687

-

76,687

At 31 March 2024

230,079

22,148

252,227

Depreciation

At 1 April 2023

131,904

17,798

149,702

Charge for the year

36,301

4,350

40,651

At 31 March 2024

168,205

22,148

190,353

Carrying amount

At 31 March 2024

61,874

-

61,874

At 31 March 2023

21,488

4,350

25,838

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,266,547

377,826

Owed from group undertakings

10

-

320,815

Prepayments and accrued income

 

148,680

154,983

Other debtors

 

4,710

32,101

   

1,419,937

885,725

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

156,814

92,892

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

8,000

-

Taxation and social security

 

425,395

172,912

Accruals and deferred income

 

307,583

7,263

Other creditors

 

23,837

9,916

 

921,629

282,983

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

920

920

920

920

Ordinary B of £1 each

50

50

50

50

Ordinary C of £1 each

185

185

185

185

Ordinary D of £1 each

10

10

10

10

Ordinary E of £1 each

139

139

139

139

1,304

1,304

1,304

1,304

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Dividends

2024

2023

£

£

Interim dividend of £4 (2023 - £36) per ordinary share

800

11,844

 

 

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each Ordinary A

-

-

Interim dividend of £Nil per each Ordinary B

-

-

Interim dividend of £4.32 (2023 - £36.17) per each Ordinary C

800

6,692

Interim dividend of £Nil per each Ordinary D

-

-

Interim dividend of £Nil (2023 - £37.07) per each Ordinary E

-

5,153

800

11,844

10

Related party transactions

Summary of transactions with parent

The outstanding balance between DSDHA LIMITED and 357 Kennington Lane Ltd as at 31st March 2024 was:
 

Loans to related parties

2024

Parent
£

Total
£

At start of period

320,815

320,815

Advanced

(8,000)

(8,000)

Repaid

(320,815)

(320,815)

At end of period

(8,000)

(8,000)

2023

Parent
£

Total
£

Advanced

320,815

320,815

At end of period

320,815

320,815

 

DSDHA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

11

Parent and ultimate parent undertaking

357 Kennington Lane Limited is the parent company by virtue of 75% shareholding in DSDHA Limited. The registered address is 357 Kennington Lane, London SE11 5QY

 The company's immediate parent is 357 Kennington Lane Limited, incorporated in England.