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Company Registration No. 04037970 (England and Wales)
Dominion Limited Unaudited accounts for the year ended 31 August 2024
Dominion Limited Unaudited accounts Contents
Page
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Dominion Limited Company Information for the year ended 31 August 2024
Directors
M R Newell A Newell
Secretary
A Newell
Company Number
04037970 (England and Wales)
Registered Office
10 Standard Place London EC2A 3BE
Accountants
Tuite Tang Wong Chartered Certified Accountants 15 The Broadway Woodford Green Essex IG8 0HL
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Dominion Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,800 
- 
Tangible assets
6,411 
8,548 
16,211 
8,548 
Current assets
Debtors
55,838 
50,010 
Cash at bank and in hand
(2,358)
50,502 
53,480 
100,512 
Creditors: amounts falling due within one year
(38,803)
(48,262)
Net current assets
14,677 
52,250 
Total assets less current liabilities
30,888 
60,798 
Creditors: amounts falling due after more than one year
(15,878)
(24,180)
Net assets
15,010 
36,618 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,910 
36,518 
Shareholders' funds
15,010 
36,618 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by
M R Newell Director Company Registration No. 04037970
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Dominion Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Dominion Limited is a private company, limited by shares, registered in England and Wales, registration number 04037970. The registered office is 10 Standard Place, London, EC2A 3BE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Land & buildings
Straight line over five years
Fixtures & fittings
25% on written down value
Computer equipment
25% on written down value
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
The intangible asset, representing website development costs, is amortized using the straight-line method over a three-year estimated useful life.
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Dominion Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
- 
Additions
12,600 
At 31 August 2024
12,600 
Amortisation
At 1 September 2023
- 
Charge for the year
2,800 
At 31 August 2024
2,800 
Net book value
At 31 August 2024
9,800 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
34,990 
42,679 
54,179 
131,848 
At 31 August 2024
34,990 
42,679 
54,179 
131,848 
Depreciation
At 1 September 2023
34,990 
38,691 
49,619 
123,300 
Charge for the year
- 
997 
1,140 
2,137 
At 31 August 2024
34,990 
39,688 
50,759 
125,437 
Net book value
At 31 August 2024
- 
2,991 
3,420 
6,411 
At 31 August 2023
- 
3,988 
4,560 
8,548 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,540 
29,414 
Accrued income and prepayments
12,033 
4,781 
Other debtors
37,265 
15,815 
55,838 
50,010 
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Dominion Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,083 
5,753 
VAT
7,895 
7,103 
Trade creditors
6,273 
2,965 
Taxes and social security
18,296 
29,467 
Other creditors
280 
- 
Accruals
2,976 
2,974 
38,803 
48,262 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,878 
24,180 
9
Transactions with related parties
At the year end, the amount due from an associated company was £36,815 (2023: £15,815). At the year end, the amount due from a director was £450 (2023: £0) and the amount due to the other director was £280 (2023: £0).
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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