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Registration number: 09749428

Dora Larsen Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Dora Larsen Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Dora Larsen Limited

Company Information

Directors

Mr Jacob Westmoreland

Mrs Georgia Larsen-Boissevain

Registered office

Rainbow Cottage
Friary
Freshford
Bath
BA2 7UE

Accountants

Meredith Accountancy Services Limited
Chartered Certified Accountants
Suite 3
12 Princess Street
Knutsford
Cheshire
WA16 6DD

 

Dora Larsen Limited

(Registration number: 09749428)
Balance Sheet as at 31 August 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Intangible assets

4

23,909

17,156

Tangible assets

5

7,059

7,961

 

30,968

25,117

Current assets

 

Stocks

6

221,287

304,584

Debtors

7

159,798

480,181

Cash at bank and in hand

 

233,326

97,034

 

614,411

881,799

Creditors: Amounts falling due within one year

8

(353,523)

(431,270)

Net current assets

 

260,888

450,529

Total assets less current liabilities

 

291,856

475,646

Creditors: Amounts falling due after more than one year

8

(74,576)

(101,338)

Provisions for liabilities

(1,764)

(1,990)

Net assets

 

215,516

372,318

Capital and reserves

 

Called up share capital

9

1

1

Share premium reserve

5,000

5,000

Retained earnings

210,515

367,317

Shareholders' funds

 

215,516

372,318

For the financial 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.

Directors' responsibilities:

 

Dora Larsen Limited

(Registration number: 09749428)
Balance Sheet as at 31 August 2024

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

Mr Jacob Westmoreland
Director

image-name
 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rainbow Cottage
Friary
Freshford
Bath
BA2 7UE

These financial statements were authorised for issue by the Board on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office furniture and fittings

Straight line over 1 & 3 years

Computer equipment and software

Straight line over 5 years

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

Straight line over 3 years

Product development

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Financial instruments

Recognition and measurement
Financial derivatives are measured at fair value through the profit and loss account, with fair value determined with reference to quoted market prices obtained from an active market. Where these are held as economic hedges against operating cash flows, the gains and losses are recognised in operating profit.
 Impairment
No impairment on derivatives was recognised in the period.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 10).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 September 2023

48,608

48,608

Additions acquired separately

20,012

20,012

At 31 August 2024

68,620

68,620

Amortisation

At 1 September 2023

31,452

31,452

Amortisation charge

13,259

13,259

At 31 August 2024

44,711

44,711

Carrying amount

At 31 August 2024

23,909

23,909

At 31 August 2023

17,156

17,156

The aggregate amount of research and development expenditure recognised as an expense during the period is £104 (2023 - £-).
 

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

27,564

27,564

Additions

3,412

3,412

At 31 August 2024

30,976

30,976

Depreciation

At 1 September 2023

19,603

19,603

Charge for the year

4,314

4,314

At 31 August 2024

23,917

23,917

Carrying amount

At 31 August 2024

7,059

7,059

At 31 August 2023

7,961

7,961

6

Stocks

2024
£

2023
£

Other inventories

221,287

304,584

7

Debtors

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Current

2024
£

(As restated)

2023
£

Trade debtors

85,149

381,030

Prepayments

49,976

66,462

Other debtors

24,673

32,689

 

159,798

480,181

 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

54,301

47,155

Trade creditors

 

53,410

94,828

Taxation and social security

 

52,367

81,862

Accruals and deferred income

 

38,981

40,513

Other creditors

 

154,464

166,912

 

353,523

431,270

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

74,576

101,338

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary B of £0.000417 each

417

0.17

417

0.17

         

Allotted, called up and not fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A of £0.00010 each

10,000

1.00

10,000

1.00

         
 

Dora Larsen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

74,576

101,338

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

10,446

-

Other borrowings

43,855

47,155

54,301

47,155