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Registered number: 11949831
Dragon Practice Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ortu Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11949831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 444,000 499,500
Tangible Assets 5 2,044 696
446,044 500,196
CURRENT ASSETS
Cash at bank and in hand 2 1,121
2 1,121
Creditors: Amounts Falling Due Within One Year 6 32,386 (188,540 )
NET CURRENT ASSETS (LIABILITIES) 32,388 (187,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 478,432 312,777
Creditors: Amounts Falling Due After More Than One Year 7 (630,895 ) (592,289 )
NET LIABILITIES (152,463 ) (279,512 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (152,563 ) (279,612 )
SHAREHOLDERS' FUNDS (152,463) (279,512)
Page 1
Page 2
For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Colin Hancock
Director
Dr Jose Tavares
Director
Dr Malcolm Christopher Wills-Wood
Director
18/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dragon Practice Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11949831 . The registered office is C/O Ortu Advisors Landmark House Station Road, Cheadle, Manchester, SK8 7BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 555,000
As at 30 April 2024 555,000
Amortisation
As at 1 May 2023 55,500
Provided during the period 55,500
As at 30 April 2024 111,000
Net Book Value
As at 30 April 2024 444,000
As at 1 May 2023 499,500
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 2,200 - 2,200
Additions 1,699 330 2,029
As at 30 April 2024 3,899 330 4,229
Depreciation
As at 1 May 2023 1,504 - 1,504
Provided during the period 599 82 681
As at 30 April 2024 2,103 82 2,185
Net Book Value
As at 30 April 2024 1,796 248 2,044
As at 1 May 2023 696 - 696
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,120 -
Bank loans and overdrafts 4,791 4,791
Other taxes and social security 7,536 -
Net wages 4,882 -
Other creditors (86,146 ) 182,249
Pension Payable 2,931 -
Accruals and deferred income 1,500 1,500
(32,386 ) 188,540
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 485,341 502,425
Other loans 314 -
Directors loan account 145,240 89,864
630,895 592,289
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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