Registered number
06887615
DAA LIMITED
Unaudited Filleted Accounts
31 March 2025
DAA LIMITED
Registered number: 06887615
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 251,952 17,060
Current assets
Stocks 56,325 60,477
Debtors 4 912,196 1,035,012
Cash at bank and in hand 323,140 427,726
1,291,661 1,523,215
Creditors: amounts falling due within one year 5 (357,965) (512,576)
Net current assets 933,696 1,010,639
Total assets less current liabilities 1,185,648 1,027,699
Provisions for liabilities (58,784) (3,345)
Net assets 1,126,864 1,024,354
Capital and reserves
Called up share capital 300 300
Profit and loss account 1,126,564 1,024,054
Shareholders' funds 1,126,864 1,024,354
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.
A AZIMI
Director
Approved by the board on 23 May 2025
DAA LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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 on completion of the services.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant & Machinery 20-25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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). 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 14 16
3 Tangible fixed assets
Plant & Machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 134,018 18,879 152,897
Additions 239,491 - 239,491
At 31 March 2025 373,509 18,879 392,388
Depreciation
At 1 April 2024 121,730 14,107 135,837
Charge for the year 3,406 1,193 4,599
At 31 March 2025 125,136 15,300 140,436
Net book value
At 31 March 2025 248,373 3,579 251,952
At 31 March 2024 12,288 4,772 17,060
4 Debtors 2025 2024
£ £
Trade debtors 270,419 302,196
Amounts owed by parent company 220,000 220,000
Directors' loan accounts 138,556 150,049
Other debtors 283,221 362,767
912,196 1,035,012
The amount due from the parent company is interest-free and is repayable on demand.
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 326,326 431,034
Taxation and social security costs 24,850 76,047
Other creditors 6,789 5,495
357,965 512,576
6 Loans to directors
Description and conditions B/fwd Reductions Additions C/fwd
£ £ £ £
A Kureemun 86,819 (8,191) - 78,628
A Azimi 67,288 (7,360) 59,928
154,107 (15,551) - 138,556
Interest has been charged on the overdrawn directors' loan account balances at 2.5% per annum. The loans are unsecured and repayable on demand.
7 Related party transactions
The directors are also directors of the parent company and dividends totalling £132,000 were paid to the parent company and then to its directors during the year (2024 - £120,000)
8 Controlling party
Throughout this and the previous year the company was under the control of Amardillo 101 Ltd, a company controlled by its directors who are also directors of this company.
9 Other information
DAA LIMITED is a private company limited by shares and incorporated in England. Its registered office is 17 Harwood Gardens, Old Windsor, SL4 2LJ.
10 Ultimate parent company
The company's ultimate parent company is Amardillo 101 Limited, a company incorporated in England whose accounts are available from Companies House, Cardiff.
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