Company Registration No. 12233086 (England and Wales)
DSQUARED LDN LIMITED
Unaudited accounts
for the year ended 30 September 2024
DSQUARED LDN LIMITED
Unaudited accounts
Contents
DSQUARED LDN LIMITED
Company Information
for the year ended 30 September 2024
Directors
Steven Davies
Roseanna Davies
Company Number
12233086 (England and Wales)
Registered Office
16 BROADWATER CLOSE
WRAYSBURY
STAINES-UPON-THAMES
TW19 5BZ
ENGLAND
Accountants
SD Accountants Limited
24 Burford Court
Rances Lane
Wokingham
RG40 2LJ
DSQUARED LDN LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
120,772
78,419
Cash at bank and in hand
185,645
19,841
Creditors: amounts falling due within one year
(355,354)
(123,214)
Net current assets
97,159
81,550
Total assets less current liabilities
217,931
159,969
Creditors: amounts falling due after more than one year
(102,974)
(48,102)
Net assets
114,957
111,867
Called up share capital
4
4
Profit and loss account
114,953
111,863
Shareholders' funds
114,957
111,867
For the year ending 30 September 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 11 March 2025 and were signed on its behalf by
Steven Davies
Director
Company Registration No. 12233086
DSQUARED LDN LIMITED
Notes to the Accounts
for the year ended 30 September 2024
DSQUARED LDN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12233086. The registered office is 16 BROADWATER CLOSE, WRAYSBURY, STAINES-UPON-THAMES, TW19 5BZ, ENGLAND.
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.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
5 Years Straight Line
Motor vehicles
5 Years Straight Line
Fixtures & fittings
5 Years Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
DSQUARED LDN LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
95,236
17,248
5,764
118,248
Additions
14,122
59,990
8,392
82,504
At 30 September 2024
109,358
77,238
14,156
200,752
At 1 October 2023
26,970
11,432
1,427
39,829
Charge for the year
21,872
15,448
2,831
40,151
At 30 September 2024
48,842
26,880
4,258
79,980
At 30 September 2024
60,516
50,358
9,898
120,772
At 30 September 2023
68,266
5,816
4,337
78,419
Amounts falling due within one year
Trade debtors
244,054
180,712
Accrued income and prepayments
22,814
4,211
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,868
4,000
Obligations under finance leases and hire purchase contracts
19,148
13,376
Trade creditors
244,731
35,730
Taxes and social security
20,266
51,115
Loans from directors
758
400
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
62,007
37,626
Loans from directors
24,500
-
DSQUARED LDN LIMITED
Notes to the Accounts
for the year ended 30 September 2024
8
Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
20,991
11,753
Later than one year and not later than five years
47,449
29,669
9
Average number of employees
During the year the average number of employees was 5 (2023: 2).