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REGISTERED NUMBER: 04509398 (England and Wales)















D&D CORPORATION LTD

Unaudited Financial Statements

for the Year Ended 31 August 2024






D&D CORPORATION LTD (REGISTERED NUMBER: 04509398)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D&D CORPORATION LTD

Company Information
for the year ended 31 August 2024







Director: M Sharma





Registered office: 1 Woodland Glade
Farnham Common
Slough
Berkshire
SL2 3RG





Registered number: 04509398 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

D&D CORPORATION LTD (REGISTERED NUMBER: 04509398)

Balance Sheet
31 August 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 11,323 14,834

Current assets
Stocks 110,000 158,033
Debtors 5 826,784 815,885
Cash at bank 3,104 791
939,888 974,709
Creditors
Amounts falling due within one year 6 (1,115,722 ) (1,016,415 )
Net current liabilities (175,834 ) (41,706 )
Total assets less current liabilities (164,511 ) (26,872 )

Creditors
Amounts falling due after more than one
year

7

(8,220

)

(18,095

)
Net liabilities (172,731 ) (44,967 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 (172,831 ) (45,067 )
Shareholders' funds (172,731 ) (44,967 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





M Sharma - Director


D&D CORPORATION LTD (REGISTERED NUMBER: 04509398)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

D&D Corporation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company report a deficit of £172,731 (2023 - £44,967). The company is reliant upon the continued support of its Director, who has introduced funds into the company and confirmed his continued support of the company. The Director therefore considers it appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Areas in the accounts which include judgements and estimates include:

Stock provision: The company's stock is reviewed for impairment regularly and whilst every effort is made to identify slow moving or obsolete items, there will always be an element of estimation uncertainty attached to this.

Bad debt provision: There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Depreciation: The company's tangible assets are depreciated on a straight line basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Exceptional Items
During the current financial year, a historical accounting adjustment was made to correct an error in the recognition of sales revenue. The adjustment resulted in a reduction in reported turnover for the year.

The error arose due to a misstatement in the accounting software used in prior periods, which led to certain sales being overstated. The correction has been reflected in the current year's figures. Management have reviewed the underlying systems and controls to ensure the accuracy of future reporting.

D&D CORPORATION LTD (REGISTERED NUMBER: 04509398)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles - 15% Reducing balance
Office equipment - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 14 (2023 - 8 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 September 2023
and 31 August 2024 43,073 27,928 71,001
Depreciation
At 1 September 2023 40,631 15,536 56,167
Charge for year 1,652 1,859 3,511
At 31 August 2024 42,283 17,395 59,678
Net book value
At 31 August 2024 790 10,533 11,323
At 31 August 2023 2,442 12,392 14,834

D&D CORPORATION LTD (REGISTERED NUMBER: 04509398)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 151,836 118,042
Other debtors 674,948 697,843
826,784 815,885

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,374 222,923
Trade creditors 99,882 212,882
Taxation and social security 220,963 146,583
Other creditors 784,503 434,027
1,115,722 1,016,415

In 2020 a bounce back loan was obtained with the support of the Government scheme. A rate of 2.5% interest is charged on this loan.

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 8,220 18,095

In 2020 a bounce back loan was obtained with the support of the Government scheme. A rate of 2.5% interest is charged on this loan.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 1 September 2023 (45,067 )
Deficit for the year (127,764 )
At 31 August 2024 (172,831 )

10. Director's advances, credits and guarantees

Included within debtors at the year-end were amounts of £234,125 (2023 £433,925) due from the director. The movement in the year being repayments made to the company.

11. Related party disclosures

Included in creditors at the year end is an amount of £513,410 (2023 - £164,494) owed to a company in which the director is also a director. There is a further trading balance of £151,801 (2023 £19,428) for this company included in trade debtors.