Company Registration No. 10640810 (England and Wales)
DARAX LIMITED
Unaudited accounts
for the year ended 29 February 2024
DARAX LIMITED
Unaudited accounts
Contents
DARAX LIMITED
Company Information
for the year ended 29 February 2024
Director
Oluwatoba Daramola
Secretary
Oluwatoba Daramola
Company Number
10640810 (England and Wales)
Registered Office
28 Duriun Way
Erith
DA8 2HG
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
DARAX LIMITED
Accountants' report
Accountants' report to the director of DARAX LIMITED on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
DARAX LIMITED for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DARAX LIMITED , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of DARAX LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DARAX LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DARAX LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DARAX LIMITED . You consider that DARAX LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DARAX LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
29 November 2024
DARAX LIMITED
Statement of financial position
as at 29 February 2024
Creditors: amounts falling due within one year
(973)
(540)
Net current (liabilities)/assets
(973)
155
Net (liabilities)/assets
(913)
235
Called up share capital
1,000
1,000
Profit and loss account
(1,913)
(765)
Shareholders' funds
(913)
235
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Oluwatoba Daramola
Director
Company Registration No. 10640810
DARAX LIMITED
Notes to the Accounts
for the year ended 29 February 2024
DARAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10640810. The registered office is 28 Duriun Way, Erith, DA8 2HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
10
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
DARAX LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
200
800
1,000
At 29 February 2024
200
800
1,000
At 1 March 2023
120
800
920
Charge for the year
20
-
20
At 29 February 2024
140
800
940
At 29 February 2024
60
-
60
At 28 February 2023
80
-
80
Amounts falling due within one year
Amounts due from group undertakings etc.
-
695
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
283
-
Taxes and social security
-
540
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).