Registered number
10426241
Dizzy Duck Designs Ltd
Unaudited Filleted Accounts
30 September 2024
Dizzy Duck Designs Ltd
Registered number: 10426241
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 198,566 211,670
Current assets
Stocks 3,220 5,176
Debtors 4 13,985 11,501
Cash at bank and in hand 48,266 59,650
65,471 76,327
Creditors: amounts falling due within one year 5 (51,930) (42,259)
Net current assets 13,541 34,068
Total assets less current liabilities 212,107 245,738
Creditors: amounts falling due after more than one year 6 (7,613) (33,113)
Net assets 204,494 212,625
Capital and reserves
Called up share capital 100 100
Profit and loss account 204,394 212,525
Shareholders' funds 204,494 212,625
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.
Anne Marie Reddaway
Director
Approved by the board on 15 April 2025
Dizzy Duck Designs Ltd
Notes to the Accounts
for the year ended 30 September 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:
Vehicles 25% on Net book value
Plant and machinery 25% on Net book value
Fixtures, fittings, tools and equipment 25% on Net book value
No depreciation is charged in the year of acquisition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 159,255 104,338 263,593
At 30 September 2024 159,255 104,338 263,593
Depreciation
At 1 October 2023 - 51,923 51,923
Charge for the year - 13,104 13,104
At 30 September 2024 - 65,027 65,027
Net book value
At 30 September 2024 159,255 39,311 198,566
At 30 September 2023 159,255 52,415 211,670
4 Debtors 2024 2023
£ £
Trade debtors 8,709 11,501
Other debtors 5,276 -
13,985 11,501
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,103 30,103
Trade creditors 7,936 8,234
Taxation and social security costs 13,929 4,772
Other creditors (38) (850)
51,930 42,259
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,613 33,113
7 Controlling party
The ultimate controlling parties are the directors who are also the shareholders.
8 Other information
Dizzy Duck Designs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Park Rd
Chorley
PR7 1QN
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