Company registration number 08439820 (England and Wales)
DASH & MILLER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
DASH & MILLER LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
DASH & MILLER LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
460
Tangible assets
4
9,543
13,263
9,543
13,723
Current assets
Debtors
5
63,776
85,653
Cash at bank and in hand
10,830
12,103
74,606
97,756
Creditors: amounts falling due within one year
6
(26,976)
(47,598)
Net current assets
47,630
50,158
Total assets less current liabilities
57,173
63,881
Creditors: amounts falling due after more than one year
7
(25,667)
(30,555)
Provisions for liabilities
(1,648)
(2,406)
Net assets
29,858
30,920
Capital and reserves
Called up share capital
200
200
Share premium account
19,990
19,990
Profit and loss reserves
9,668
10,730
Total equity
29,858
30,920

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DASH & MILLER LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 July 2024 and are signed on its behalf by:
Mrs J A Bailey
Mrs F A Brewer
Director
Director
Company registration number 08439820 (England and Wales)
DASH & MILLER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Dash & Miller Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1a Barton Road, Bristol, BS2 0LF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intangibles
3 year Straight line basis
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance basis
Fixtures and fittings
20% Reducing balance basis
Computers
33% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DASH & MILLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants which are compensation for past expenses or losses, or where there are no future associated costs, are recognised in income in the period they become receivable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
5
DASH & MILLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Intangible fixed assets
Intangibles
£
Cost
At 1 April 2023
690
Disposals
(690)
At 31 March 2024
-
0
Amortisation and impairment
At 1 April 2023
230
Disposals
(230)
At 31 March 2024
-
0
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
460
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
64,811
Additions
308
At 31 March 2024
65,119
Depreciation and impairment
At 1 April 2023
51,548
Depreciation charged in the year
4,028
At 31 March 2024
55,576
Carrying amount
At 31 March 2024
9,543
At 31 March 2023
13,263
DASH & MILLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
61,790
81,110
Other debtors
1,986
4,543
63,776
85,653
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,889
4,889
Trade creditors
4,512
18,279
Corporation tax
3,072
4,681
Other taxation and social security
10,540
12,854
Other creditors
3,963
6,895
26,976
47,598
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,667
30,555
8
Prior period adjustment
Reconciliation of changes in equity
1 April
31 March
2022
2023
£
£
Adjustments to prior year
Reversal of dividend
-
9,975
Equity as previously reported
-
20,945
Equity as adjusted
-
30,920
Analysis of the effect upon equity
Profit and loss reserves
-
9,975
DASH & MILLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8
Prior period adjustment
(Continued)
- 7 -
Reconciliation of changes in profit for the previous financial period
2023
£
Total adjustments
-
Profit as previously reported
17,871
Profit as adjusted
17,871
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