PTP Accounts Production v24.3.2.46 08365356 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083653562023-01-31083653562024-01-31083653562023-02-012024-01-31083653562022-01-31083653562022-02-012023-01-31083653562023-01-3108365356ns14:PoundSterling2023-02-012024-01-3108365356ns10:Director12023-02-012024-01-3108365356ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108365356ns10:SmallEntities2023-02-012024-01-3108365356ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108365356ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108365356ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108365356ns10:FullAccounts2023-02-012024-01-310836535612023-02-012024-01-3108365356ns10:OrdinaryShareClass12023-02-012024-01-3108365356ns10:CompanySecretary12023-02-012024-01-3108365356ns10:RegisteredOffice2023-02-012024-01-3108365356ns5:CurrentFinancialInstruments2024-01-3108365356ns5:CurrentFinancialInstruments2023-01-3108365356ns5:Non-currentFinancialInstruments2024-01-3108365356ns5:Non-currentFinancialInstruments2023-01-3108365356ns5:ShareCapital2024-01-3108365356ns5:ShareCapital2023-01-3108365356ns5:RetainedEarningsAccumulatedLosses2024-01-3108365356ns5:RetainedEarningsAccumulatedLosses2023-01-3108365356ns5:NetGoodwill2023-02-012024-01-3108365356ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108365356ns5:NetGoodwill2023-01-3108365356ns5:NetGoodwill2024-01-3108365356ns5:NetGoodwill2023-01-3108365356ns5:ComputerEquipment2023-01-3108365356ns5:ComputerEquipment2023-02-012024-01-3108365356ns5:ComputerEquipment2024-01-3108365356ns5:ComputerEquipment2023-01-3108365356ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3108365356ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3108365356ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3108365356ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3108365356ns10:OrdinaryShareClass12024-01-3108365356ns5:RetainedEarningsAccumulatedLosses2023-01-3108365356ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 08365356















Unaudited Financial Statements for the Year Ended 31 January 2024

for

DOUBLE DRAGON INTERNATIONAL LTD

DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOUBLE DRAGON INTERNATIONAL LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: W Liu





SECRETARY:





REGISTERED OFFICE: 4 Tring Close
London
IG2 7LQ





REGISTERED NUMBER: 08365356





ACCOUNTANTS: Purcells, Chartered Accountants
4 Quex Road
London
NW6 4PJ

DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 28,000 30,000
Tangible assets 4 11,667 14,584
39,667 44,584

CURRENT ASSETS
Stocks 248,200 139,750
Debtors 5 1,195,910 172,597
Cash at bank 4,352,981 5,063,056
5,797,091 5,375,403
CREDITORS
Amounts falling due within one year 6 1,807,061 1,240,401
NET CURRENT ASSETS 3,990,030 4,135,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,029,697

4,179,586

CREDITORS
Amounts falling due after more than one year 7 302,500 302,500
NET ASSETS 3,727,197 3,877,086

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 3,727,195 3,877,084
SHAREHOLDERS' FUNDS 3,727,197 3,877,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





W Liu - Director


DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover incudes previous amounts recognised as liability that was due for commission charge by suppliers agent. This has been resolved by mutual agreement.

Goodwill
Goodwill has been valued by the director based on £50,000 originally paid for purchase of the company trade.

Amortisation is provided at the rate of 4% calculated to write off the cost of Goodwill on a straight line basis.

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
Depreciation is provided at the rate of 20% calculated to write off the cost of fixed assets, less the estimated residual value, over their expected useful lives on reducing balance basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Provision
Provision amount included in the accounts is to do with potential cost of service and warranty.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 50,000
AMORTISATION
At 1 February 2023 20,000
Charge for year 2,000
At 31 January 2024 22,000
NET BOOK VALUE
At 31 January 2024 28,000
At 31 January 2023 30,000

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 30,088
DEPRECIATION
At 1 February 2023 15,504
Charge for year 2,917
At 31 January 2024 18,421
NET BOOK VALUE
At 31 January 2024 11,667
At 31 January 2023 14,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Project advancement 1,050,000 -
Trade debtors 145,910 172,597
1,195,910 172,597

DOUBLE DRAGON INTERNATIONAL LTD (Registered number: 08365356)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 274,450 262,000
Corporation tax 641,066 709,270
Other taxes 461,367 -
Director's loan account 203,607 179,607
Other creditors 210,471 81,824
Accrued expenses 16,100 7,700
1,807,061 1,240,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 302,500 302,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 February 2023 3,877,084
Deficit for the year (13,889 )
Dividends (136,000 )
At 31 January 2024 3,727,195