DAIK LIMITED

Company Registration Number:
12921155 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

DAIK LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

DAIK LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 3,000 4,000
Tangible assets: 4 87,772 102,197
Total fixed assets: 90,772 106,197
Current assets
Stocks: 4,866 3,183
Debtors:   1,881 0
Cash at bank and in hand: 840 3,672
Investments:   0 0
Total current assets: 7,587 6,855
Creditors: amounts falling due within one year:   (13,731) (14,463)
Net current assets (liabilities): (6,144) (7,608)
Total assets less current liabilities: 84,628 98,589
Creditors: amounts falling due after more than one year:   (157,591) (156,652)
Total net assets (liabilities): (72,963) (58,063)
Capital and reserves
Called up share capital: 500 500
Profit and loss account: (73,463) (58,563)
Shareholders funds: (72,963) (58,063)

The notes form part of these financial statements

DAIK LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: Dr Dolapo Alao
Status: Director

The notes form part of these financial statements

DAIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant, machinery, and motor vehicles straight line 4 years. Furniture, fixtures, fittings, and equipment straight line 4 years. Leasehold Improvement amortised over its useful life or lease term 10 years. Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Intangible fixed assets and amortisation policy

Intangible assets are franchises. It is amortised on a straight-line basis over its estimated economic life of five years (20%).

Valuation and information policy

Assets and liabilities are valued at their realisable values.

Other accounting policies

The financial statements have been prepared on a going concern basis, which assumes the continued operation of the business in the foreseeable future. If this is not the case, adjustments would be required to value assets and liabilities at their realisable value.

DAIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 4 4

DAIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Intangible Assets

Total
Cost £
At 01 April 2024 5,000
At 31 March 2025 5,000
Amortisation
At 01 April 2024 1,000
Charge for year 1,000
At 31 March 2025 2,000
Net book value
At 31 March 2025 3,000
At 31 March 2024 4,000

DAIK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible Assets

Total
Cost £
At 01 April 2024 110,567
At 31 March 2025 110,567
Depreciation
At 01 April 2024 8,370
Charge for year 14,425
At 31 March 2025 22,795
Net book value
At 31 March 2025 87,772
At 31 March 2024 102,197