Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31false22023-06-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09338136 2023-06-01 2024-05-31 09338136 2022-06-01 2023-05-31 09338136 2024-05-31 09338136 2023-05-31 09338136 c:Director1 2023-06-01 2024-05-31 09338136 d:OfficeEquipment 2023-06-01 2024-05-31 09338136 d:OfficeEquipment 2024-05-31 09338136 d:OfficeEquipment 2023-05-31 09338136 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09338136 d:CurrentFinancialInstruments 2024-05-31 09338136 d:CurrentFinancialInstruments 2023-05-31 09338136 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09338136 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09338136 d:ShareCapital 2024-05-31 09338136 d:ShareCapital 2023-05-31 09338136 d:RetainedEarningsAccumulatedLosses 2024-05-31 09338136 d:RetainedEarningsAccumulatedLosses 2023-05-31 09338136 c:OrdinaryShareClass1 2023-06-01 2024-05-31 09338136 c:OrdinaryShareClass1 2024-05-31 09338136 c:OrdinaryShareClass1 2023-05-31 09338136 c:OrdinaryShareClass2 2023-06-01 2024-05-31 09338136 c:OrdinaryShareClass2 2024-05-31 09338136 c:OrdinaryShareClass2 2023-05-31 09338136 c:OrdinaryShareClass3 2023-06-01 2024-05-31 09338136 c:OrdinaryShareClass3 2024-05-31 09338136 c:FRS102 2023-06-01 2024-05-31 09338136 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09338136 c:FullAccounts 2023-06-01 2024-05-31 09338136 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09338136 2 2023-06-01 2024-05-31 09338136 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09338136









DSANS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
DSANS LIMITED
REGISTERED NUMBER: 09338136

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,380
933

  
31,380
933

Current assets
  

Debtors: amounts falling due within one year
 5 
161,743
131,236

Cash at bank and in hand
 6 
12,341
107,824

  
174,084
239,060

Creditors: amounts falling due within one year
 7 
(508,252)
(8,253)

Net current (liabilities)/assets
  
 
 
(334,168)
 
 
230,807

Total assets less current liabilities
  
(302,788)
231,740

  

Net (liabilities)/assets
  
(302,788)
231,740


Capital and reserves
  

Called up share capital 
 8 
110
100

Profit and loss account
  
(302,898)
231,640

  
(302,788)
231,740


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
DSANS LIMITED
REGISTERED NUMBER: 09338136
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024


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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 
on
 25 February 2025.



D M S Smith Esq
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

DSANS Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 1st Floor 73-81 Southwark Bridge Road, London, United Kingdom, SE1 0NQ. The principal activity of the company during the year has been that of derivative trading of oil in the US and European Markets. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of derivatives traded over the period. Turnover is recognised gross of all fees and commissions and relates entirely to derivative instruments, These derivative instruments are recognised in accordance with the historic cost convention, and not at fair values, through the profit and loss account.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid
are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately
from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
15%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
1,098


Additions
32,887



At 31 May 2024

33,985



Depreciation


At 1 June 2023
165


Charge for the year
2,440



At 31 May 2024

2,605



Net book value



At 31 May 2024
31,380



At 31 May 2023
933

Page 6

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
161,633
131,136

Called up share capital not paid
110
100

161,743
131,236



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,341
107,824

12,341
107,824



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
3,810

Corporation tax
-
829

Other creditors
500,962
-

Accruals
7,290
3,614

508,252
8,253


Page 7

 
DSANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares shares of £1.00 each
50
50
10 (2023 - ) Ordinary C shares shares of £1.00 each
10
-

110

100


During the period, 10 ordinary 'C' shares were issued at par.

 
Page 8