Darosa Consulting Ltd Filleted accounts for Companies House (small and micro)

Darosa Consulting Ltd Filleted accounts for Companies House (small and micro)

DAROSA CONSULTING LTD - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2018-12-01 Sage Accounts Production Advanced 2018 - FRS 27,000 27,000 27,000 1,426 1,426 357 357 1,069 xbrli:pure xbrli:shares iso4217:GBP 11705201 2018-12-01 2019-11-30 11705201 2019-11-30 11705201 core:FurnitureFittings 2018-12-01 2019-11-30 11705201 bus:Director1 2018-12-01 2019-11-30 11705201 core:FurnitureFittings 2019-11-30 11705201 core:PatentsTrademarksLicencesConcessionsSimilar 2018-12-01 2019-11-30 11705201 core:WithinOneYear 2019-11-30 11705201 core:ShareCapital 2019-11-30 11705201 core:RetainedEarningsAccumulatedLosses 2019-11-30 11705201 core:PatentsTrademarksLicencesConcessionsSimilar 2019-11-30 11705201 bus:Director1 2019-11-30 11705201 bus:SmallEntities 2018-12-01 2019-11-30 11705201 bus:AuditExemptWithAccountantsReport 2018-12-01 2019-11-30 11705201 bus:FullAccounts 2018-12-01 2019-11-30 11705201 bus:SmallCompaniesRegimeForAccounts 2018-12-01 2019-11-30 11705201 bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30
COMPANY REGISTRATION NUMBER: 11705201
Darosa Consulting Ltd
Filleted Unaudited Financial Statements
30 November 2019
Darosa Consulting Ltd
Statement of Financial Position
30 November 2019
2019
Note
£
£
Fixed assets
Intangible assets
5
27,000
Tangible assets
6
1,069
--------
28,069
Current assets
Debtors
7
598
Cash at bank and in hand
1,232
-------
1,830
Creditors: amounts falling due within one year
8
33,355
--------
Net current liabilities
31,525
--------
Total assets less current liabilities
( 3,456)
-------
Net liabilities
( 3,456)
-------
Capital and reserves
Called up share capital
100
Profit and loss account
( 3,556)
-------
Shareholders deficit
( 3,456)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30th November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Darosa Consulting Ltd
Statement of Financial Position (continued)
30 November 2019
These financial statements were approved by the board of directors and authorised for issue on 4 February 2020 , and are signed on behalf of the board by:
Mr D J Hill
Director
Company registration number: 11705201
Darosa Consulting Ltd
Notes to the Financial Statements
Year ended 30th November 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 483 Birmingham Road, Marlbrook, Bromsgrove, Worcestershire, B61 0HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
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.
Revenue recognition
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Tangible assets
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
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 and fittings
-
25% 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 cash-generating 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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 .
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
27,000
--------
At 30th November 2019
27,000
--------
Amortisation
At 1st December 2018 and 30th November 2019
–
--------
Carrying amount
At 30th November 2019
27,000
--------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1st December 2018
–
Additions
1,426
-------
At 30th November 2019
1,426
-------
Depreciation
At 1st December 2018
–
Charge for the year
357
-------
At 30th November 2019
357
-------
Carrying amount
At 30th November 2019
1,069
-------
7. Debtors
2019
£
Trade debtors
598
----
8. Creditors: amounts falling due within one year
2019
£
Social security and other taxes
283
Other creditors
33,072
--------
33,355
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr D J Hill
–
( 18,772)
( 18,772)
----
--------
--------