Company Registration No. 11529070 (England and Wales)
DAMYTRAVEL LTD
unaudited accounts
for the year ended 31 August 2024
DAMYTRAVEL LTD
Statement of financial position
as at 31 August 2024
Intangible assets
9,313
20,107
Cash at bank and in hand
18,084
5,913
Net current assets
18,084
5,913
Total assets less current liabilities
27,397
26,020
Creditors: amounts falling due after more than one year
(24,194)
(24,194)
Called up share capital
100
100
Profit and loss account
3,103
1,726
Shareholders' funds
3,203
1,826
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 May 2025 and were signed on its behalf by
Mr Akinbowale Kuboye
Director
Company Registration No. 11529070
DAMYTRAVEL LTD
Notes to the Accounts
for the year ended 31 August 2024
DAMYTRAVEL LTD is a private company, limited by shares, registered in England and Wales, registration number 11529070. The registered office is UNIT 27 ACORN BUSINESS PARK, EMPRESS ROAD, SOUTHAMPTON, SO14 0JY, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The company is in active status but transactions have not started. The Director is making initial investments and necessary preparations before full trading will commence.
The accounts are presented in £ sterling.
Question 13 on HMRC Capital v Revenue Expenditure Toolkit
2021 to 2022 Self Assessment and Company Tax Returns advised that the appropriate treatment of expenditure on developing a website is dependent on the nature of the expenditure and the function the website performs for the business. If the costs incurred create an enduring asset, consideration should be given to treating the expenditure as capital
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Intangible fixed assets
Goodwill
At 1 September 2023
20,107
Other increase/(decrease)
10,794
The Director has invested £9,313 for website that will act as customers booking engine, API Integration, Payment Gateway Integration, Dashboard deposit with Suppliers etc.
DAMYTRAVEL LTD
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
24,194
24,194
The Director's loan during the year amounted to £24,194 . This is his personal fund for website and other computer assets.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).