| DRAGONFLY GROUP LIMITED |
| Registered number: |
09896373 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
7,967 |
|
|
9,650 |
|
| Current assets |
| Stocks |
|
|
1,757 |
|
|
1,763 |
| Cash at bank and in hand |
|
|
381 |
|
|
187 |
|
|
|
2,138 |
|
|
1,950 |
|
| Creditors: amounts falling due within one year |
4 |
|
(146,739) |
|
|
(135,427) |
|
| Net current liabilities |
|
|
|
(144,601) |
|
|
(133,477) |
|
| Total assets less current liabilities |
|
|
|
(136,634) |
|
|
(123,827) |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(92,860) |
|
|
(100,330) |
|
|
|
| Net liabilities |
|
|
|
(229,494) |
|
|
(224,157) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(229,594) |
|
|
(224,257) |
|
| Shareholder's funds |
|
|
|
(229,494) |
|
|
(224,157) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Nicola Allison |
| Director |
| Approved by the board on 23 September 2026 |
|
| DRAGONFLY GROUP LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
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 is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Intangible fixed assets |
|
Intangible fixed assets (pre-publication costs) are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Going concern |
|
At the balance sheet date, the company's liabilities exceeded its assets. The sole director has undertaken that she will continue to give financial support to the company for at least twelve months from the date of signing these accounts, and therefore considers it appropriate to prepare the accounts on a going concern basis. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Pre-publication costs: |
|
|
Cost |
|
At 1 January 2025 |
149,393 |
|
Additions |
3,150 |
|
At 31 December 2025 |
152,543 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2025 |
139,743 |
|
Provided during the year |
4,833 |
|
At 31 December 2025 |
144,576 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
7,967 |
|
At 31 December 2024 |
9,650 |
|
|
|
|
|
|
|
|
|
|
Pre-publication costs are being written off in equal annual instalments over an estimated economic life of 5 years. |
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
1,272 |
|
1,272 |
|
Trade creditors |
5,000 |
|
5,000 |
|
Other creditors |
140,467 |
|
129,155 |
|
|
|
|
|
|
146,739 |
|
135,427 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
3,270 |
|
4,190 |
|
Other creditors |
89,590 |
|
96,140 |
|
|
|
|
|
|
92,860 |
|
100,330 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
4,542 |
|
5,462 |
|
|
|
|
|
|
|
|
|
|
The loan repesents a standard bank "Bounce Back Loan" secured by government guarantee, with interest at 2.5%, and repayable over 6 years with no interest payments in first 12 months. |
|
|
| 7 |
Related party transactions |
|
|
Other creditors falling due within one year and other creditors falling due after one year both represent long-term loans to the company from the sole director which are unsecured, interest free and with no fixed repayment date. |
|
| 8 |
Other information |
|
|
DRAGONFLY GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
41 Topaz Drive |
|
Andover |
|
Hampshire |
|
SP10 3EE |