D A Recordings Limited Filleted accounts for Companies House (small and micro)

D A Recordings Limited Filleted accounts for Companies House (small and micro)

D A RECORDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06809181
D A RECORDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2019
D A RECORDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2019
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
D A RECORDINGS LIMITED
BALANCE SHEET
30 June 2019
2019
2018
Note
£
£
Current assets
Debtors
6
90,742
91,642
Cash at bank and in hand
187
481
------------
------------
90,929
92,123
Creditors: amounts falling due within one year
7
( 47,266)
( 47,616)
------------
------------
Net current assets
43,663
44,507
------------
------------
Total assets less current liabilities
43,663
44,507
------------
------------
Net assets
43,663
44,507
------------
------------
Capital and reserves
Called up share capital
8
10,000
10,000
Share premium account
99,000
99,000
Profit and loss account
( 65,337)
( 64,493)
------------
------------
Shareholders funds
43,663
44,507
------------
------------
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 profit and loss account has not been delivered.
For the year ending 30 June 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 .
These financial statements were approved by the board of directors and authorised for issue on 17 March 2020 , and are signed on behalf of the board by:
M C Heath
Director
Company registration number: 06809181
D A RECORDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 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 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Intangible assets
Goodwill
£
Cost
At 1 July 2018 and 30 June 2019
22,499
------------
Amortisation
At 1 July 2018 and 30 June 2019
22,499
------------
Carrying amount
At 30 June 2019
–
------------
At 30 June 2018
–
------------
5. Tangible assets
Equipment
£
Cost
At 1 July 2018 and 30 June 2019
3,729
------------
Depreciation
At 1 July 2018 and 30 June 2019
3,729
------------
Carrying amount
At 30 June 2019
–
------------
At 30 June 2018
–
------------
6. Debtors
2019
2018
£
£
Corporation tax recoverable
70
70
Other debtors
90,672
91,572
------------
------------
90,742
91,642
------------
------------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
20,000
20,000
Accruals and deferred income
8,905
9,255
Other creditors
18,361
18,361
------------
------------
47,266
47,616
------------
------------
8. Called up share capital
Issued, called up and fully paid
2019
2018
No.
£
No.
£
Ordinary shares of £ 0.01 each
1,000,000
10,000.00
1,000,000
10,000.00
------------
------------
------------
------------
9. Controlling party
The company is controlled by the director.