Damaged Goods Records Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03052431 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

DAMAGED GOODS RECORDS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr I Ballard

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

03052431 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

2,518

4,174

CURRENT ASSETS

Stocks

5

15,181

8,646

Debtors

6

6,061

24,363

Cash at bank and in hand

120,785

137,313

142,027

170,322

CREDITORS

Amounts falling due within one year

7

40,872

70,286

NET CURRENT ASSETS

101,155

100,036

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,673

104,210

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

103,573

104,110

SHAREHOLDERS' FUNDS

103,673

104,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 31 October 2025 and were signed by:

Mr I Ballard - Director

1.	STATUTORY INFORMATION

Damaged Goods Records Limited 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, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Computer equipment

-

25% straight line method

STOCKS

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

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2024

and 31 July 2025

13,212

16,355

29,567

DEPRECIATION

At 1 August 2024

10,852

14,541

25,393

Charge for year

589

1,067

1,656

At 31 July 2025

11,441

15,608

27,049

NET BOOK VALUE

At 31 July 2025

1,771

747

2,518

At 31 July 2024

2,360

1,814

4,174

5.

STOCKS

2025

2024

£

Stocks

15,181

8,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

5,511

23,828

Other debtors

550

535

6,061

24,363

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

21,292

35,931

Amounts owed to connected companies

1,475

Taxation and social security

2,272

4,725

Other creditors

15,833

28,155

40,872

70,286

8.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £1,475 (2024: £1,475) owed to Dragonfly Posters International Limited.

The two companies are connected by virtue of having Mr I Ballard as common director and also having a beneficial interest in both companies.

Included in creditors, amounts falling due within one year, is an interest free amount of £2,189 (2024: £2,189) due to the director, Mr I Ballard.

9.	ULTIMATE CONTROLLING PARTY

During the year under review, the company was under the control of the director, Mr I Ballard, by virtue of his majority ownership of the issued share capital.