Dadson Developments Limited

Dadson Developments Limited

DADSON DEVELOPMENTS LIMITED - Company Information

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1 July 2019 false No description of principal activity Taxfiler 2020.11 10832693business:PrivateLimitedCompanyLtd2019-07-012020-06-30 108326932019-06-30 108326932019-07-012020-06-30 10832693business:AuditExemptWithAccountantsReport2019-07-012020-06-30 10832693business:FullAccounts2019-07-012020-06-30 108326932020-06-30 10832693business:Director12019-07-012020-06-30 10832693business:Director32019-07-012020-06-30 10832693business:CompanySecretary12019-07-012020-06-30 10832693business:RegisteredOffice2019-07-012020-06-30 108326932019-06-30 10832693core:WithinOneYear2020-06-30 10832693core:WithinOneYear2019-06-30 10832693core:ShareCapital2020-06-30 10832693core:ShareCapital2019-06-30 10832693core:RetainedEarningsAccumulatedLosses2020-06-30 10832693core:RetainedEarningsAccumulatedLosses2019-06-30 10832693business:SmallEntities2019-07-012020-06-30 10832693countries:EnglandWales2019-07-012020-06-30 10832693core:ComputerEquipment2019-07-012020-06-30 10832693core:ComputerEquipment2019-06-30 10832693core:ComputerEquipment2020-06-30 10832693business:OrdinaryShareClass12019-07-012020-06-30 10832693business:OrdinaryShareClass12018-07-012019-06-30 108326932018-07-012019-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10832693 (England and Wales)
Dadson Developments Limited Unaudited accounts for the year ended 30 June 2020
Dadson Developments Limited Unaudited accounts Contents
Page
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Dadson Developments Limited Company Information for the year ended 30 June 2020
Directors
SWE Daniel Mrs J A Daniel
Secretary
SWE Daniel
Company Number
10832693 (England and Wales)
Registered Office
86 Dunchurch Road Rugby Warwickshire CV22 6AE
Accountants
RBA Accountancy Limited St Stephen's House Laburnum Avenue Robin Hoods Bay North Yorkshire YO22 4RR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Dadson Developments Limited for the year ended 30 June 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dadson Developments Limited for the year ended 30 June 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Dadson Developments Limited, as a body, in accordance with the terms of our engagement letter dated 23 June 2017. Our work has been undertaken solely to prepare for your approval the accounts of Dadson Developments Limited and state those matters that we have agreed to state to the Board of Directors of Dadson Developments Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dadson Developments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dadson Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dadson Developments Limited. You consider that Dadson Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dadson Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RBA Accountancy Limited Chartered Accountants St Stephen's House Laburnum Avenue Robin Hoods Bay North Yorkshire YO22 4RR 19 August 2020
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Dadson Developments Limited Statement of financial position as at 30 June 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
375 
- 
Current assets
Inventories
5
914,993 
1,009,961 
Debtors
6
51,701 
486 
Cash at bank and in hand
213,428 
22,934 
1,180,122 
1,033,381 
Creditors: amounts falling due within one year
7
(1,181,389)
(1,035,739)
Net current liabilities
(1,267)
(2,358)
Net liabilities
(892)
(2,358)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
(992)
(2,458)
Shareholders' funds
(892)
(2,358)
For the year ending 30 June 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2020 and were signed on its behalf by
SWE Daniel Director Company Registration No. 10832693
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Dadson Developments Limited Notes to the Accounts for the year ended 30 June 2020
1
Statutory information
Dadson Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10832693. The registered office is 86 Dunchurch Road, Rugby, Warwickshire, CV22 6AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2019
- 
Additions
559 
At 30 June 2020
559 
Depreciation
Charge for the year
184 
At 30 June 2020
184 
Net book value
At 30 June 2020
375 
5
Inventories
2020 
2019 
£ 
£ 
Work in progress
914,993 
1,009,961 
914,993 
1,009,961 
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Dadson Developments Limited Notes to the Accounts for the year ended 30 June 2020
6
Debtors
2020 
2019 
£ 
£ 
Trade debtors
51,000 
- 
Other debtors
701 
486 
51,701 
486 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
327 
3,596 
Loans from directors
1,155,425 
1,030,425 
Accruals
25,637 
1,718 
1,181,389 
1,035,739 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
As at 30 June 2020 the company owed Mr SWE Daniel £995,450 (2019: £870,450) and Mrs JA Daniel £159,975 (2019: £159.975). These amounts are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2019: 3).
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