Registered number
12457590
Disco Disco Limited
Filleted Accounts
29 February 2024
Disco Disco Limited
Registered number: 12457590
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,263 14,444
Investments 4 35,000 35,000
46,263 49,444
Current assets
Debtors 5 12,644 1,000
Cash at bank and in hand 22,039 54,258
34,683 55,258
Creditors: amounts falling due within one year 6 (46,307) (36,111)
Net current (liabilities)/assets (11,624) 19,147
Total assets less current liabilities 34,639 68,591
Creditors: amounts falling due after more than one year 7 (31,945) (37,042)
Provisions for liabilities (2,140) -
Net assets 554 31,549
Capital and reserves
Called up share capital 100 100
Profit and loss account 454 31,449
Shareholder's funds 554 31,549
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M Kamel
Director
Approved by the board on 29 November 2024
Disco Disco Limited
Notes to the Accounts
for the year ended 29 February 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment 33.33% SLM
Motor Vehicle 20% SLM
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 3,500 16,037 19,537
Additions 749 - 749
At 29 February 2024 4,249 16,037 20,286
Depreciation
At 1 March 2023 2,826 2,267 5,093
Charge for the year 723 3,207 3,930
At 29 February 2024 3,549 5,474 9,023
Net book value
At 29 February 2024 700 10,563 11,263
At 28 February 2023 674 13,770 14,444
4 Investments
Other
investments
£
Cost
At 1 March 2023 35,000
At 29 February 2024 35,000
5 Debtors 2024 2023
£ £
Trade debtors 2,170 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,000 1,000
Other debtors 8,474 -
12,644 1,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,556 6,013
Trade creditors 840 9,120
Amounts owed to group undertakings and undertakings in which the company has a participating interest 800 -
Taxation and social security costs 39,111 13,952
Other creditors - 7,026
46,307 36,111
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,945 37,042
8 Other information
Disco Disco Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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