2023-10-012024-09-302024-09-30false11559974Daniel Awde Limited2025-02-2773110falseiso4217:GBPxbrli:pure115599742023-10-01115599742024-09-30115599742023-10-012024-09-30115599742022-10-01115599742023-09-30115599742022-10-012023-09-3011559974bus:SmallEntities2023-10-012024-09-3011559974bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3011559974bus:FullAccounts2023-10-012024-09-3011559974bus:PrivateLimitedCompanyLtd2023-10-012024-09-3011559974core:WithinOneYear2024-09-3011559974core:AfterOneYear2024-09-3011559974core:WithinOneYear2023-09-3011559974core:AfterOneYear2023-09-3011559974core:ShareCapital2024-09-3011559974core:SharePremium2024-09-3011559974core:RevaluationReserve2024-09-3011559974core:OtherReservesSubtotal2024-09-3011559974core:RetainedEarningsAccumulatedLosses2024-09-3011559974core:ShareCapital2023-09-3011559974core:SharePremium2023-09-3011559974core:RevaluationReserve2023-09-3011559974core:OtherReservesSubtotal2023-09-3011559974core:RetainedEarningsAccumulatedLosses2023-09-3011559974core:LandBuildings2024-09-3011559974core:PlantMachinery2024-09-3011559974core:Vehicles2024-09-3011559974core:FurnitureFittings2024-09-3011559974core:OfficeEquipment2024-09-3011559974core:NetGoodwill2024-09-3011559974core:IntangibleAssetsOtherThanGoodwill2024-09-3011559974core:ListedExchangeTraded2024-09-3011559974core:UnlistedNon-exchangeTraded2024-09-3011559974core:LandBuildings2023-09-3011559974core:PlantMachinery2023-09-3011559974core:Vehicles2023-09-3011559974core:FurnitureFittings2023-09-3011559974core:OfficeEquipment2023-09-3011559974core:NetGoodwill2023-09-3011559974core:IntangibleAssetsOtherThanGoodwill2023-09-3011559974core:ListedExchangeTraded2023-09-3011559974core:UnlistedNon-exchangeTraded2023-09-3011559974core:LandBuildings2023-10-012024-09-3011559974core:PlantMachinery2023-10-012024-09-3011559974core:Vehicles2023-10-012024-09-3011559974core:FurnitureFittings2023-10-012024-09-3011559974core:OfficeEquipment2023-10-012024-09-3011559974core:NetGoodwill2023-10-012024-09-3011559974core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011559974core:ListedExchangeTraded2023-10-012024-09-3011559974core:UnlistedNon-exchangeTraded2023-10-012024-09-3011559974core:MoreThanFiveYears2023-10-012024-09-3011559974core:Non-currentFinancialInstruments2024-09-3011559974core:Non-currentFinancialInstruments2023-09-3011559974dpl:CostSales2023-10-012024-09-3011559974dpl:DistributionCosts2023-10-012024-09-3011559974core:LandBuildings2023-10-012024-09-3011559974core:PlantMachinery2023-10-012024-09-3011559974core:Vehicles2023-10-012024-09-3011559974core:FurnitureFittings2023-10-012024-09-3011559974core:OfficeEquipment2023-10-012024-09-3011559974dpl:AdministrativeExpenses2023-10-012024-09-3011559974core:NetGoodwill2023-10-012024-09-3011559974core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3011559974dpl:GroupUndertakings2023-10-012024-09-3011559974dpl:ParticipatingInterests2023-10-012024-09-3011559974dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3011559974core:ListedExchangeTraded2023-10-012024-09-3011559974dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3011559974core:UnlistedNon-exchangeTraded2023-10-012024-09-3011559974dpl:CostSales2022-10-012023-09-3011559974dpl:DistributionCosts2022-10-012023-09-3011559974core:LandBuildings2022-10-012023-09-3011559974core:PlantMachinery2022-10-012023-09-3011559974core:Vehicles2022-10-012023-09-3011559974core:FurnitureFittings2022-10-012023-09-3011559974core:OfficeEquipment2022-10-012023-09-3011559974dpl:AdministrativeExpenses2022-10-012023-09-3011559974core:NetGoodwill2022-10-012023-09-3011559974core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3011559974dpl:GroupUndertakings2022-10-012023-09-3011559974dpl:ParticipatingInterests2022-10-012023-09-3011559974dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3011559974core:ListedExchangeTraded2022-10-012023-09-3011559974dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3011559974core:UnlistedNon-exchangeTraded2022-10-012023-09-3011559974core:NetGoodwill2024-09-3011559974core:IntangibleAssetsOtherThanGoodwill2024-09-3011559974core:LandBuildings2024-09-3011559974core:PlantMachinery2024-09-3011559974core:Vehicles2024-09-3011559974core:FurnitureFittings2024-09-3011559974core:OfficeEquipment2024-09-3011559974core:AfterOneYear2024-09-3011559974core:WithinOneYear2024-09-3011559974core:ListedExchangeTraded2024-09-3011559974core:UnlistedNon-exchangeTraded2024-09-3011559974core:ShareCapital2024-09-3011559974core:SharePremium2024-09-3011559974core:RevaluationReserve2024-09-3011559974core:OtherReservesSubtotal2024-09-3011559974core:RetainedEarningsAccumulatedLosses2024-09-3011559974core:NetGoodwill2023-09-3011559974core:IntangibleAssetsOtherThanGoodwill2023-09-3011559974core:LandBuildings2023-09-3011559974core:PlantMachinery2023-09-3011559974core:Vehicles2023-09-3011559974core:FurnitureFittings2023-09-3011559974core:OfficeEquipment2023-09-3011559974core:AfterOneYear2023-09-3011559974core:WithinOneYear2023-09-3011559974core:ListedExchangeTraded2023-09-3011559974core:UnlistedNon-exchangeTraded2023-09-3011559974core:ShareCapital2023-09-3011559974core:SharePremium2023-09-3011559974core:RevaluationReserve2023-09-3011559974core:OtherReservesSubtotal2023-09-3011559974core:RetainedEarningsAccumulatedLosses2023-09-3011559974core:NetGoodwill2022-10-0111559974core:IntangibleAssetsOtherThanGoodwill2022-10-0111559974core:LandBuildings2022-10-0111559974core:PlantMachinery2022-10-0111559974core:Vehicles2022-10-0111559974core:FurnitureFittings2022-10-0111559974core:OfficeEquipment2022-10-0111559974core:AfterOneYear2022-10-0111559974core:WithinOneYear2022-10-0111559974core:ListedExchangeTraded2022-10-0111559974core:UnlistedNon-exchangeTraded2022-10-0111559974core:ShareCapital2022-10-0111559974core:SharePremium2022-10-0111559974core:RevaluationReserve2022-10-0111559974core:OtherReservesSubtotal2022-10-0111559974core:RetainedEarningsAccumulatedLosses2022-10-0111559974core:AfterOneYear2023-10-012024-09-3011559974core:WithinOneYear2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3011559974core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3011559974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3011559974core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3011559974core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3011559974core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3011559974bus:Director12023-10-012024-09-30

Daniel Awde Limited

Registered Number
11559974
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Daniel Awde Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Daniel James Awde

Registered Address

4 Mason Court Gillan Way
Penrith 40 Business Park
Penrith
CA11 9GR

Registered Number

11559974 (England and Wales)
Daniel Awde Limited
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,2872,319
Investments571,93365,000
74,22067,319
Current assets
Debtors688,42822,501
Cash at bank and on hand799,689938,911
888,117961,412
Creditors amounts falling due within one year7(284,971)(386,528)
Net current assets (liabilities)603,146574,884
Total assets less current liabilities677,366642,203
Net assets677,366642,203
Capital and reserves
Called up share capital1010
Profit and loss account677,356642,193
Shareholders' funds677,366642,203
The financial statements were approved and authorised for issue by the Director on 27 February 2025, and are signed on its behalf by:
Daniel James Awde
Director
Registered Company No. 11559974
Daniel Awde Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Turnover policy
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 234,9554,955
Additions1,1991,199
At 30 September 246,1546,154
Depreciation and impairment
At 01 October 232,6362,636
Charge for year1,2311,231
At 30 September 243,8673,867
Net book value
At 30 September 242,2872,287
At 30 September 232,3192,319
4.Impairment of tangible fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 October 2365,00065,000
Revaluations6,9336,933
At 30 September 2471,93371,933
Net book value
At 30 September 2471,93371,933
At 30 September 2365,00065,000

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-2,365
Amounts owed by group undertakings50,000-
Other debtors38,42820,136
Total88,42822,501
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,28611,173
Taxation and social security46,42647,609
Accrued liabilities and deferred income232,259327,746
Total284,971386,528
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Directors advances, credits and guarantees
Included within other debtors falling due within one year is £38,428 (2023 - £20,136) being the amount owed by the director. This amount was repaid within 9 months of the year end. The loans were charged at the beneficial rate of interest were applicable and were repayable on demand.