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Registered number: 09844553
Desiko Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09844553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 284 379
284 379
CURRENT ASSETS
Stocks 5 3,222 3,920
Cash at bank and in hand 13,995 19,441
17,217 23,361
Creditors: Amounts Falling Due Within One Year 7 (18,773 ) (23,105 )
NET CURRENT ASSETS (LIABILITIES) (1,556 ) 256
TOTAL ASSETS LESS CURRENT LIABILITIES (1,272 ) 635
NET (LIABILITIES)/ASSETS (1,272 ) 635
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,273 ) 634
SHAREHOLDERS' FUNDS (1,272) 635
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss D G Pancheva
Director
28th April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Desiko Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09844553 . The registered office is 32 Hillary Close, Aylesbury, Buckinghamshire, HP21 9TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 November 2023 to 31 October 2024 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 899
As at 31 October 2024 899
Depreciation
As at 1 November 2023 520
Provided during the period 95
As at 31 October 2024 615
Net Book Value
As at 31 October 2024 284
As at 1 November 2023 379
Page 2
Page 3
5. Stocks
2024 2023
£ £
Stock 3,222 3,920
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 30
Other creditors 17,578 21,182
Taxation and social security 1,196 1,893
18,773 23,105
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Related Party Transactions
During the year, no dividend was paid to the director.
10. Ultimate Controlling Party
The company's ultimate controlling party is Miss D G Pancheva by virtue of his ownership of 100% of the issued share capital in the company.
Page 3