Company Registration No. 04037970 (England and Wales)
Dominion Limited
Unaudited accounts
for the year ended 31 August 2024
Dominion Limited
Unaudited accounts
Contents
Dominion Limited
Company Information
for the year ended 31 August 2024
Directors
M R Newell
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
Dominion Limited
Statement of financial position
as at 31 August 2024
Tangible assets
6,411
8,548
Cash at bank and in hand
(2,358)
50,502
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)
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
Dominion Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
The intangible asset, representing website development costs, is amortized using the straight-line method over a three-year estimated useful life.
Dominion Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
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
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
At 31 August 2024
-
2,991
3,420
6,411
At 31 August 2023
-
3,988
4,560
8,548
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
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
Trade creditors
6,273
2,965
Taxes and social security
18,296
29,467
8
Creditors: amounts falling due after more than one year
2024
2023
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).