Registration number:
Dtwo Creative Ltd
for the Period from 1 April 2024 to 31 May 2025
Dtwo Creative Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Dtwo Creative Ltd
Company Information
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Director |
Mr D Hunter |
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Registered office |
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Accountants |
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Dtwo Creative Ltd
(Registration number: 05232713)
Balance Sheet as at 31 May 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
- |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(72,785) |
614 |
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Shareholders' (deficit)/funds |
(72,685) |
714 |
For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Dtwo Creative Ltd
(Registration number: 05232713)
Balance Sheet as at 31 May 2025 (continued)
Approved and authorised by the
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......................................... |
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Disclosure of long or short period
Going concern
The financial statements have been prepared on a going concern basis. Whilst the balance sheet shows net liabilities at the 31 May 2025, the director has assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The director is of the opinion, based on available information at the date of approval of the financial statements, and taking into account a period of one year from the date of approval of these financial statements, that the company will have sufficient resources to meet its liabilities as they fall due. He therefore does not believe that there are concerns regarding the company's ability to continue as a going concern.
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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2 |
Accounting policies (continued) |
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
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and 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.
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.
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.
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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2 |
Accounting policies (continued) |
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:
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Asset class |
Depreciation method and rate |
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Plant and machinery etc |
20% straight line |
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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.
Borrowings
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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Accounting policies (continued) |
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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Tangible assets |
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Plant and machinery etc |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 May 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the period |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
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At 31 March 2024 |
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Stocks |
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2025 |
2024 |
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Other inventories |
- |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include overdrafts which are secured of £Nil (2024 - £17,156).
Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Bank overdrafts |
- |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Related party transactions |
The following loan to the director is unsecured and repayable on demand. Daily interest has been charged at a rate of 2.25% per annum until 5 April 2025 and 3.75% per annum for the remainder of the period to 31 May 2025 (Year ended 31 March 2024: 2.25% per annum).
Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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11 |
Related party transactions (continued) |
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Transactions with the director |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 May 2025 |
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Loan |
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( |
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2024 |
At 1 April 2023 |
Advances to director |
Repayments by director |
At 31 March 2024 |
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Loan |
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( |
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Dtwo Creative Ltd
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 May 2025 (continued)
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11 |
Related party transactions (continued) |
Director's remuneration
The director's remuneration for the period was as follows:
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2025 |
2024 |
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Remuneration |
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Included within the above remuneration figure is the taxable value of the director's company car benefit
Dividends paid to the director
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2025 |
2024 |
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Mr D Hunter |
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Interim current period dividend |
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16,000 |
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