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REGISTERED NUMBER: 03197701 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DAISYROOTS BOOKS LIMITED

DAISYROOTS BOOKS LIMITED (REGISTERED NUMBER: 03197701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DAISYROOTS BOOKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs E M Ware
Mr C B Ware



SECRETARY: Mrs E M Ware



REGISTERED OFFICE: Daisyroots Books
Main Street
Grange over Sands
Cumbria
LA11 6DP



REGISTERED NUMBER: 03197701 (England and Wales)



BANKERS: Barclays Bank plc
P O Box 25
9 Highgate
Kendal
Cumbria
LA9 4DF

DAISYROOTS BOOKS LIMITED (REGISTERED NUMBER: 03197701)

ABRIDGED BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,184 1,423
1,184 1,423

CURRENT ASSETS
Stocks 24,838 25,000
Debtors 218 847
Cash in hand 601 3,078
25,657 28,925
CREDITORS
Amounts falling due within one year 12,632 19,439
NET CURRENT ASSETS 13,025 9,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,209

10,909

CREDITORS
Amounts falling due after more than one
year

26,000

30,000
NET LIABILITIES (11,791 ) (19,091 )

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings (11,811 ) (19,111 )
SHAREHOLDERS' FUNDS (11,791 ) (19,091 )

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

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

The directors acknowledge their 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.

DAISYROOTS BOOKS LIMITED (REGISTERED NUMBER: 03197701)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr C B Ware - Director


DAISYROOTS BOOKS LIMITED (REGISTERED NUMBER: 03197701)

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

1. STATUTORY INFORMATION

Daisyroots Books 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. 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 represents net invoiced sales of goods, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Improvements to property
Improvements to leasehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The director consider that this policy results in the financial statements showing a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 3,478
AMORTISATION
At 1 June 2023
and 31 May 2024 3,478
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

DAISYROOTS BOOKS LIMITED (REGISTERED NUMBER: 03197701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 37,640
DEPRECIATION
At 1 June 2023 36,217
Charge for year 239
At 31 May 2024 36,456
NET BOOK VALUE
At 31 May 2024 1,184
At 31 May 2023 1,423

Improvements to leasehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The director consider that this policy results in the financial statements showing a true and fair view.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 5,577 4,599
Bank loans - 4,810
5,577 9,409

Barclays Security Trustees Limited hold both a fixed and floating charge over the company along with a negative pledge.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
20 Ordinary £1 20 20

8. RELATED PARTY DISCLOSURES

At 31st May 2024 Mr C B Ware, a director of the company, had on an unsecured interest free basis advanced £29,047 to the company.

(Prior year £33,712)

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs C B Ware.