REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
DA GT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
DA GT LIMITED |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities |
Provisions for liabilities | 9 |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Share premium |
Retained earnings |
Shareholders' funds |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | Statutory information |
DA GT Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07212483. The Registered Office and business address is Little Haythorne, Haythorne, Horton, Wimborne, Dorset, BH21 7HJG. |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary companies comprise a small-sized group. The group has taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
Turnover |
Turnover represents management fees charged to group companies, net of VAT. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Office equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Other investments |
Other investments are initially shown at cost and revalued annually in subsequent years. |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
2. | Accounting policies - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Other |
intangible |
assets |
£ |
Cost |
Additions |
At 30 April 2024 |
Amortisation |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
5. | Tangible fixed assets |
Office |
equipment |
£ |
Cost |
At 1 May 2023 |
Additions |
At 30 April 2024 |
Depreciation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | Fixed asset investments |
2024 | 2023 |
£ | £ |
Shares in group undertakings |
Other investments not loans | 142,800 | 575,491 |
Additional information is as follows: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Cost or valuation |
At 1 May 2023 | 462,941 |
Disposals | ( |
) | (432,691 | ) |
At 30 April 2024 | 30,250 |
Net book value |
At 30 April 2024 | 30,250 |
At 30 April 2023 | 462,941 |
Cost or valuation at 30 April 2024 is represented by: |
Shares in |
group |
undertakings |
£ |
Cost | 30,250 |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Other investments | 142,800 | 142,800 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
VAT |
Prepayments and accrued income |
DA GT LIMITED (REGISTERED NUMBER: 07212483) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 17,758 | - |
Other creditors |
Directors' current accounts | 100,560 | 68,612 |
Accruals and deferred income |
9. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 1,282 | 799 |
Deferred |
tax |
£ |
Balance at 1 May 2023 |
Charge to Income statement during year |
Balance at 30 April 2024 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | £1 | 40 | 100 |
Ordinary A Shares | £1 | 60 | - |
100 | 100 |
On 23 August 2023 60 Ordinary shares of £1 each were redesignated as 60 Ordinary A Shares of £1 each. |
11. | Ultimate controlling party |
The directors, Mr and Mrs Hall are deemed to have ultimate control of the company by virtue of their ownership of 100% of the issued voting share capital. |