Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Dark Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B Wood

M Wood

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

12923715 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

51,933

81,713

CURRENT ASSETS

Debtors

5

53,006

59,162

Prepayments and accrued income

1,000

4,273

Cash at bank and in hand

61,116

134,149

115,122

197,584

CREDITORS

Amounts falling due within one year

6

61,124

79,313

NET CURRENT ASSETS

53,998

118,271

TOTAL ASSETS LESS CURRENT LIABILITIES

105,931

199,984

CREDITORS

Amounts falling due after more than one year

7

(51,451

)

(75,180

)

PROVISIONS FOR LIABILITIES

8

(12,983

)

(15,525

)

NET ASSETS

41,497

109,279

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

41,495

109,277

SHAREHOLDERS' FUNDS

41,497

109,279

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2025 and were signed on its behalf by:

M B Wood - Director

1.	STATUTORY INFORMATION

Dark Projects 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

40,379

72,182

14,066

126,627

Additions

-

-

2,503

2,503

At 31 October 2024

40,379

72,182

16,569

129,130

DEPRECIATION

At 1 November 2023

11,547

24,109

9,258

44,914

Charge for year

10,095

18,046

4,142

32,283

At 31 October 2024

21,642

42,155

13,400

77,197

NET BOOK VALUE

At 31 October 2024

18,737

30,027

3,169

51,933

At 31 October 2023

28,832

48,073

4,808

81,713

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,273

50,051

Other debtors - Atelier

28,560

7,484

Other debtor - PAYE

-

635

Other debtor - Woodflame

6,984

-

Payments on account

190

-

Tax

15,999

992

53,006

59,162

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

23,729

23,729

Social security and other taxes

2,404

-

VAT

33,562

27,816

Other creditors

-

17,016

Directors' current accounts

550

396

Deferred income

-

9,478

Accrued expenses

879

878

61,124

79,313

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

51,451

75,180

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Tax losses carried forward

-

1,661

Deferred tax

12,983

13,864

12,983

15,525

Deferred

tax

£

Balance at 1 November 2023

15,525

Provided during year

(2,542

)

Balance at 31 October 2024

12,983

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1

1

Ordinary B

1

1

1

2

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M B Wood.