Registered number
04540418
D & A TOYS (CHATHAM) LIMITED
Filleted Accounts
31 December 2024
D & A TOYS (CHATHAM) LIMITED
Registered number: 04540418
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 218,500 -
Tangible assets 4 11,936 14,342
230,436 14,342
Current assets
Stocks 230,000 200,000
Debtors 5 9,688 34,605
Cash at bank and in hand 169,037 189,813
408,725 424,418
Creditors: amounts falling due within one year 6 (94,535) (108,361)
Net current assets 314,190 316,057
Total assets less current liabilities 544,626 330,399
Creditors: amounts falling due after more than one year 7 (252,779) (32,903)
Net assets 291,847 297,496
Capital and reserves
Called up share capital 235,679 235,678
Profit and loss account 56,168 61,818
Shareholders' funds 291,847 297,496
The director is 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 director acknowledges her 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.
Mrs Alison Richman
Director
Approved by the board on 18 August 2025
D & A TOYS (CHATHAM) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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 by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, 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% per annum reducing balance
Office and shop equipment 25% per annum reducing balance
Fixtures, fittings, tools and equipment 15% per annum 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Intangible fixed assets £
Goodwill:
Cost
Additions 230,000
At 31 December 2024 230,000
Amortisation
Provided during the year 11,500
At 31 December 2024 11,500
Net book value
At 31 December 2024 218,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Office and shop equipment Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 12,762 38,534 14,250 65,546
At 31 December 2024 12,762 38,534 14,250 65,546
Depreciation
At 1 January 2024 11,645 26,736 12,823 51,204
Charge for the year 279 1,770 357 2,406
At 31 December 2024 11,924 28,506 13,180 53,610
Net book value
At 31 December 2024 838 10,028 1,070 11,936
At 31 December 2023 1,117 11,798 1,427 14,342
5 Debtors 2024 2023
£ £
Other debtors 9,688 34,605
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 63,508 53,864
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,205 -
Taxation and social security costs 25,391 38,427
Other creditors 4,431 16,070
94,535 108,361
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,779 32,903
Other creditors 230,000 -
252,779 32,903
8 Controlling party
The controlling and ultimate controlling party is the Richman Holdings Limited, who holds 99.99% of the issued share capital.
9 Other information
D & A TOYS (CHATHAM) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27-28 The Pentagon
Chatham
Kent
ME4 4HW
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