Donmarco Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Donmarco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09759611 . The registered office is Unit 1 Campfield Arcade, Liverpool Road, Manchester, M3 4FN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow

to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent

accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings

15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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Donmarco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

2.7. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 22)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2023	200,000

As at 31 October 2024	200,000

Amortisation
As at 1 November 2023	140,000
Provided during the period	20,000

As at 31 October 2024	160,000

Net Book Value
As at 31 October 2024	40,000

As at 1 November 2023	60,000

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Donmarco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 November 2023	109,038
Additions	2,709

As at 31 October 2024	111,747

Depreciation
As at 1 November 2023	75,055
Provided during the period	5,504

As at 31 October 2024	80,559

Net Book Value
As at 31 October 2024	31,188

As at 1 November 2023	33,983

6. Stocks

	2024	2023
	£	£
Stock	11,150	8,100

7. Debtors

	2024	2023
	£	£
Due within one year
Other debtors - s455 tax	29,848	29,854
Vincenzo's Coffee House	7,520	2,500
Staff Loan	92,615	25,000
Vincenzo's Cafe	-	63,585
Director's loan account	-	88,593

	129,983	209,532

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	65,941	44,752
Bank loans and overdrafts	18,000	18,000
Corporation tax	57,977	10,754
Other taxes and social security	28,813	60,743
VAT	59,916	43,020
Accruals and deferred income	31,758	52,661
Director's loan account	332	-

	262,737	229,930

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Donmarco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	10,500	28,500

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

11. Directors Advances, Credits and Guarantees

The director loan balance at 31 October 2024 was in credit (2023 debit - £88,593).

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mr Elvin Kacani	88,593	-	88,593	-	-

12. Related Party Transactions

The company was under the control of Mr E Kacani & Mr A Kacani until 22 April 2024 when the company became under the sole control of Mr E Kacani. Mr E Kacani is the managing director.

During the year the company had funds owing from Vincenzo's Coffee House Ltd, a company controlled by Mr E Kacani. At 31 October 2024 the company was owed £7,520 (2022 - £2,500).

During the year a a company controlled by Mr E Kacani (Vincenzo's Cafe Ltd) was dissolved with funds owed to the company of £63,584. This debt has been written off as a bad debt during the period.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		40,000		60,000
Tangible Assets	5		31,188		33,983

			71,188		93,983
CURRENT ASSETS
Stocks	6	11,150		8,100
Debtors	7	129,983		209,532
Cash at bank and in hand		95,645		73,729

		236,778		291,361
Creditors: Amounts Falling Due Within One Year	8	(262,737 )		(229,930 )

NET CURRENT ASSETS (LIABILITIES)			(25,959 )		61,431

TOTAL ASSETS LESS CURRENT LIABILITIES			45,229		155,414

Creditors: Amounts Falling Due After More Than One Year	9		(10,500 )		(28,500 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(105,625 )
Deferred Taxation			(7,797 )		(6,456 )

NET ASSETS			26,932		14,833

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			25,932		13,833

SHAREHOLDERS' FUNDS			26,932		14,833