6 6 Danescor Limited 11630768 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Merger and acquisition consultants Digita Accounts Production Advanced 6.30.9574.0 true 11630768 2023-11-01 2024-10-31 11630768 2024-10-31 11630768 bus:OrdinaryShareClass1 2024-10-31 11630768 core:CurrentFinancialInstruments 2024-10-31 11630768 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11630768 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11630768 core:OfficeEquipment 2024-10-31 11630768 bus:SmallEntities 2023-11-01 2024-10-31 11630768 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11630768 bus:FilletedAccounts 2023-11-01 2024-10-31 11630768 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11630768 bus:RegisteredOffice 2023-11-01 2024-10-31 11630768 bus:Director1 2023-11-01 2024-10-31 11630768 bus:Director2 2023-11-01 2024-10-31 11630768 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11630768 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11630768 bus:Agent1 2023-11-01 2024-10-31 11630768 core:OfficeEquipment 2023-11-01 2024-10-31 11630768 countries:AllCountries 2023-11-01 2024-10-31 11630768 core:CostValuation 2023-10-31 11630768 2022-11-01 2023-10-31 11630768 2023-10-31 11630768 bus:OrdinaryShareClass1 2023-10-31 11630768 core:CurrentFinancialInstruments 2023-10-31 11630768 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11630768 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11630768

Danescor Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Danescor Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Danescor Limited

Company Information

Directors

Mr John Peter Lawrence Snead

Mrs Fawzia Naz Snead

Registered office

Unit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

Accountants

David Jones & Co 2018 Limited
AccountantsUnit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

 

Danescor Limited

(Registration number: 11630768)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,942

-

Investments

5

450

450

 

3,392

450

Current assets

 

Debtors

6

149,518

204,567

Cash at bank and in hand

 

33,373

56,274

 

182,891

260,841

Creditors: Amounts falling due within one year

7

(152,161)

(172,127)

Net current assets

 

30,730

88,714

Total assets less current liabilities

 

34,122

89,164

Creditors: Amounts falling due after more than one year

7

7,733

(41,879)

Net assets

 

41,855

47,285

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

31,855

37,285

Shareholders' funds

 

41,855

47,285

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.

Directors' 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 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 and 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 9 July 2025 and signed on its behalf by:
 

.........................................
Mr John Peter Lawrence Snead
Director

 

Danescor Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Unit 4 City Limits
Danehill
Lower Earley
Reading
Berkshire
RG6 4UP

These financial statements were authorised for issue by the Board on 9 July 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.

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.

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.

 

Danescor Limited

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

Tax

The tax expense for the period comprises current 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.

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:

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

Danescor Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

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.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Danescor Limited

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

3,488

3,488

At 31 October 2024

3,488

3,488

Depreciation

Charge for the year

546

546

At 31 October 2024

546

546

Carrying amount

At 31 October 2024

2,942

2,942

5

Investments

2024
£

2023
£

Investments in associates

450

450

Associates

£

Cost

At 1 November 2023

450

Provision

Carrying amount

At 31 October 2024

450

At 31 October 2023

450

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

115,311

180,022

Amounts owed by related parties

8,697

480

Prepayments

 

19,631

24,065

Other debtors

 

5,879

-

   

149,518

204,567

 

Danescor Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

57,222

4,521

Taxation and social security

45,398

95,864

Accruals and deferred income

47,149

70,119

Other creditors

2,392

1,623

152,161

172,127

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

(7,733)

41,879

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary 1p of £0.01 each

1,000,000

10,000

1,000,000

10,000