Registered number
SC304291
DOLLAR EAST (INTERNATIONAL TRAVEL & MONEY TRANSFER) LTD
Filleted Accounts
30 June 2024
DOLLAR EAST (INTERNATIONAL TRAVEL & MONEY TRANSFER) LTD
Registered number: SC304291
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,410 1,567
Current assets
Cash at bank and in hand 1,246 1,381
Creditors: amounts falling due within one year 4 (2,063) (511)
Net current assets/(liabilities) (817) 870
Total assets less current liabilities 593 2,437
Creditors: amounts falling due after more than one year 5 (88) (88)
Net assets 505 2,349
Capital and reserves
Called up share capital 100 100
Profit and loss account 405 2,249
Shareholders' funds 505 2,349
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mohammed Afzal Ahmed
Director
Approved by the board on 17 March 2025
DOLLAR EAST (INTERNATIONAL TRAVEL & MONEY TRANSFER) LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 July 2023 8,014
At 30 June 2024 8,014
Depreciation
At 1 July 2023 6,447
Charge for the year 157
At 30 June 2024 6,604
Net book value
At 30 June 2024 1,410
At 30 June 2023 1,567
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 2,063 511
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 88 88
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