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Registration number: 04570578

Demora Associates Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Demora Associates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Demora Associates Limited

Company Information

Director

A De Mora

Registered office

36 West Park
Minehead
Somerset
TA24 8AN

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Demora Associates Limited

(Registration number: 04570578)
Balance Sheet
31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

7,000

Tangible assets

5

9,360

9,360

 

9,360

16,360

Current assets

 

Cash at bank and in hand

 

75,684

94,749

Creditors: Amounts falling due within one year

6

(451)

(1,056)

Net current assets

 

75,233

93,693

Total assets less current liabilities

 

84,593

110,053

Provisions for liabilities

-

(1,586)

Net assets

 

84,593

108,467

Capital and reserves

 

Called up share capital

180

180

Other reserves

20

20

Retained earnings

84,393

108,267

Shareholders' funds

 

84,593

108,467

 

Demora Associates Limited

(Registration number: 04570578)
Balance Sheet
31 October 2024

For the financial 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.

Director's responsibilities:

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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 March 2025
 

.........................................
A De Mora
Director

 

Demora Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
36 West Park
Minehead
Somerset
TA24 8AN

These financial statements were authorised for issue by the director on 13 March 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 provision of services in the ordinary course of the company’s activities and is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured, and
it is probable that future economic benefits will flow to the entity;

 

Demora Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

Tax

The tax expense for the period comprises 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.

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

Equipment

25% per annum reducing balance

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Demora Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

34,000

34,000

Disposals

(34,000)

(34,000)

At 31 October 2024

-

-

Amortisation

At 1 November 2023

27,000

27,000

Amortisation eliminated on disposals

(27,000)

(27,000)

At 31 October 2024

-

-

Carrying amount

At 31 October 2024

-

-

At 31 October 2023

7,000

7,000

 

Demora Associates Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

105,979

105,979

At 31 October 2024

105,979

105,979

Depreciation

At 1 November 2023

96,619

96,619

At 31 October 2024

96,619

96,619

Carrying amount

At 31 October 2024

9,360

9,360

At 31 October 2023

9,360

9,360

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

451

1,000

Other creditors

-

56

451

1,056