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REGISTERED NUMBER: 03758619 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

DIDDI MALEK AND ASSOCIATES LIMITED

DIDDI MALEK AND ASSOCIATES LIMITED (REGISTERED NUMBER: 03758619)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIDDI MALEK AND ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs Z Malek-Edmonds





SECRETARY: Mrs A E M Broad





REGISTERED OFFICE: C/O Langdowns DFK
Kingsgate House
Newbury Road
Andover
Hampshire
SP10 4DU





REGISTERED NUMBER: 03758619 (England and Wales)






DIDDI MALEK AND ASSOCIATES LIMITED (REGISTERED NUMBER: 03758619)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,049 605

CURRENT ASSETS
Stocks 20,452 19,452
Debtors 6 18,021 4,741
Cash at bank 182,257 262,248
220,730 286,441
CREDITORS
Amounts falling due within one year 7 187,323 197,257
NET CURRENT ASSETS 33,407 89,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,456

89,789

PROVISIONS FOR LIABILITIES 199 114
NET ASSETS 34,257 89,675

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 34,254 89,672
SHAREHOLDERS' FUNDS 34,257 89,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 30th January 2025 and were signed by:





Mrs Z Malek-Edmonds - Director


DIDDI MALEK AND ASSOCIATES LIMITED (REGISTERED NUMBER: 03758619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Diddi Malek and Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net commission earned, excluding value added tax. Turnover is recognised once the customers fine art has been sold to a third party.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and any impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost of each asset, less its estimated residual value, over its estimated useful life.


Computer equipment - 33% straight line

Residual values and useful lives are reviewed, and adjusted if necessary, at each balance sheet date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

DIDDI MALEK AND ASSOCIATES LIMITED (REGISTERED NUMBER: 03758619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st May 2023 2,512
Additions 1,280
Disposals (541 )
At 30th April 2024 3,251
DEPRECIATION
At 1st May 2023 1,907
Charge for year 622
Eliminated on disposal (327 )
At 30th April 2024 2,202
NET BOOK VALUE
At 30th April 2024 1,049
At 30th April 2023 605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 315
Other debtors 18,021 4,426
18,021 4,741

DIDDI MALEK AND ASSOCIATES LIMITED (REGISTERED NUMBER: 03758619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,598 4,170
Taxation and social security 4,488 13,543
Other creditors 179,237 179,544
187,323 197,257

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

9. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantee and contingencies which are not included in the balance sheet amount to £9,973 (2023:£NIL).

This amount is in relation to operating lease commitments which are payable over the next 2 years.