Registered number
06338287
Dominic Developments Ltd
Filleted Accounts
31 August 2024
Dominic Developments Ltd
Registered number: 06338287
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 103,311 27,400
Current assets
Debtors 4 201,071 162,464
Cash at bank and in hand 255,647 314,936
456,718 477,400
Creditors: amounts falling due within one year 5 (214,740) (136,614)
Net current assets 241,978 340,786
Total assets less current liabilities 345,289 368,186
Creditors: amounts falling due after more than one year 6 (5,022) (12,589)
Provisions for liabilities (25,829) (5,207)
Net assets 314,438 350,390
Capital and reserves
Called up share capital 100 100
Profit and loss account 314,338 350,290
Shareholders' funds 314,438 350,390
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 Grzegorz Dominik
Director
Approved by the board on 28 May 2025
Dominic Developments Ltd
Notes to the Accounts
for the year ended 31 August 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.
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Work in progress is measured at higher of cost and estimated selling price.
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. 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. Current and deferred tax liabilities are not discounted.
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.
Pensions
Contributions to stakeholder pension plans are expensed when paid.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 25,287 55,551 80,838
Additions 102,116 - 102,116
Disposals - (14,495) (14,495)
At 31 August 2024 127,403 41,056 168,459
Depreciation
At 1 September 2023 24,043 29,395 53,438
Charge for the year - 10,125 10,125
On disposals 16,080 (14,495) 1,585
At 31 August 2024 40,123 25,025 65,148
Net book value
At 31 August 2024 87,280 16,031 103,311
At 31 August 2023 1,244 26,156 27,400
4 Debtors 2024 2023
£ £
Trade debtors 38,398 11,014
Other debtors 162,673 151,450
201,071 162,464
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 73,356 58,172
Taxation and social security costs 131,384 42,522
Other creditors - 25,920
214,740 136,614
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,022 12,589
7 Other information
Dominic Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Oriel Way
Northolt,
UB5 4RP
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