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REGISTERED NUMBER: 09630313 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DAUNTLESS LIMITED

DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAUNTLESS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: J O Shepherd
O D J Marshall





REGISTERED OFFICE: Equinox House
Clifton Park
Shipton Road
York
YO30 5PA





REGISTERED NUMBER: 09630313 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 545,510 610,680
Tangible assets 5 22,888 30,518
568,398 641,198

CURRENT ASSETS
Stocks 49,764 61,128
Debtors 6 4,138 5,053
Cash at bank 1,137 14,792
55,039 80,973
CREDITORS
Amounts falling due within one year 7 1,636,818 1,540,561
NET CURRENT LIABILITIES (1,581,779 ) (1,459,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,013,381 ) (818,390 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,013,481 ) (818,490 )
(1,013,381 ) (818,390 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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

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 18 March 2025 and were signed on its behalf by:




J O Shepherd - Director


DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Dauntless 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.

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Intangible assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademark10% - straight line
Development costs0-20% - straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leaseholder improvements- 25% on reducing balance
Plant and machinery- 25% on reducing balance
Office equipment- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The validity of this assumption is dependent upon the continuing support of the directors.

DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 13,115 1,097,795 1,110,910
AMORTISATION
At 1 July 2023 7,363 492,867 500,230
Amortisation for year 1,312 63,858 65,170
At 30 June 2024 8,675 556,725 565,400
NET BOOK VALUE
At 30 June 2024 4,440 541,070 545,510
At 30 June 2023 5,752 604,928 610,680

5. TANGIBLE FIXED ASSETS
Leaseholder Plant and Office
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 15,740 13,286 31,160 60,186
DEPRECIATION
At 1 July 2023 5,935 11,957 11,776 29,668
Charge for year 2,451 332 4,847 7,630
At 30 June 2024 8,386 12,289 16,623 37,298
NET BOOK VALUE
At 30 June 2024 7,354 997 14,537 22,888
At 30 June 2023 9,805 1,329 19,384 30,518

DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,138 5,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,420 740
Other creditors 1,635,398 1,539,821
1,636,818 1,540,561