6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10035587 2023-04-01 2024-03-31 10035587 2024-03-31 10035587 2023-03-31 10035587 2022-04-01 2023-03-31 10035587 2023-03-31 10035587 2022-03-31 10035587 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 10035587 bus:Director2 2023-04-01 2024-03-31 10035587 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 10035587 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 10035587 core:AfterOneYear 2024-03-31 10035587 core:AfterOneYear 2023-03-31 10035587 core:WithinOneYear 2024-03-31 10035587 core:WithinOneYear 2023-03-31 10035587 core:ShareCapital 2024-03-31 10035587 core:ShareCapital 2023-03-31 10035587 core:RetainedEarningsAccumulatedLosses 2024-03-31 10035587 core:RetainedEarningsAccumulatedLosses 2023-03-31 10035587 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 10035587 bus:Director1 2023-04-01 2024-03-31 10035587 bus:SmallEntities 2023-04-01 2024-03-31 10035587 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10035587 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10035587 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10035587 bus:FullAccounts 2023-04-01 2024-03-31 10035587 core:OfficeEquipment 2023-04-01 2024-03-31 10035587 core:OfficeEquipment 2023-03-31 10035587 core:OfficeEquipment 2024-03-31 10035587 core:KeyManagementPersonnel 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 10035587
Dotted Desks Limited
Filleted Unaudited Financial Statements
31 March 2024
Dotted Desks Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Dotted Desks Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
522,784
578,609
Current assets
Debtors
6
1,135,416
916,440
Cash at bank and in hand
101,744
241,597
------------
------------
1,237,160
1,158,037
Creditors: amounts falling due within one year
7
1,617,476
1,548,319
------------
------------
Net current liabilities
380,316
390,282
---------
---------
Total assets less current liabilities
142,468
188,327
Creditors: amounts falling due after more than one year
8
128,334
179,167
---------
---------
Net assets
14,134
9,160
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
14,133
9,159
--------
-------
Shareholders funds
14,134
9,160
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dotted Desks Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
R H Dallas
Director
Company registration number: 10035587
Dotted Desks Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Westland Place, London, N1 7LP, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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 the 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
10% reducing balance
Office and computer equipment
-
8% straight line
Impairment of 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 2 ).
5. Tangible assets
Leasehold improvements
Office and computer equipment
Total
£
£
£
Cost
At 1 April 2023
780,138
25,964
806,102
Additions
530
1,815
2,345
---------
--------
---------
At 31 March 2024
780,668
27,779
808,447
---------
--------
---------
Depreciation
At 1 April 2023
221,189
6,304
227,493
Charge for the year
55,948
2,222
58,170
---------
--------
---------
At 31 March 2024
277,137
8,526
285,663
---------
--------
---------
Carrying amount
At 31 March 2024
503,531
19,253
522,784
---------
--------
---------
At 31 March 2023
558,949
19,660
578,609
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
57,708
250,800
Other debtors
1,077,708
665,640
------------
---------
1,135,416
916,440
------------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
( 22,312)
62,954
Corporation tax
156,497
19,770
Social security and other taxes
41,580
51,313
Other creditors
1,441,711
1,414,282
------------
------------
1,617,476
1,548,319
------------
------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
128,334
179,167
---------
---------
9. Related party transactions
At the year end the company owed £584,544 (2023: £68,824) to a director.