DANA TECH LIMITED

2019-07-012020-06-302020-06-30false10831622DANA TECH 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DANA TECH LIMITED

Registered Number
10831622
(England and Wales)

Unaudited Financial Statements for the Year Ended
30 June 2020

DANA TECH LIMITED

Company Information


Registered Address	8b Accommodation Road
	Golders Green
	London
	NW11 8ED

DANA TECH LIMITED

Balance Sheet as at
30 June 2020

	Notes	2020 £	2019 £
Current assets
Stocks		4,553,608	4,101,390
Debtors		18,280	9,276
Cash at bank and on hand		44,431	212,005
Creditors amounts falling due within one year	4	(5,091,871)	(4,628,509)
Net current assets (liabilities)		(475,552)	(305,838)
Total assets less current liabilities		(475,552)	(305,838)
Net assets		(475,552)	(305,838)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(475,553)	(305,839)
Shareholders' funds		(475,552)	(305,838)

The company is a private company limited by shares and registered in England and Wales. It 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 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 and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2020, and are signed on its behalf by:

AHMADKHANI, Khosrow
Director
Registered Company No. 10831622

DANA TECH LIMITED

Notes to the financial statements
for the year ended 30 June 2020

1.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Inventories policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

2.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	0		0

3.	DEBTORS WITHIN ONE YEAR
	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.

DEBTORS WITHIN ONE YEAR

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.

		2020 £		2019 £
	Other debtors	18,280		9,276
	Total	18,280		9,276

4.	CREDITORS WITHIN ONE YEAR
	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.

	2020 £	2019 £
Other creditors	5,087,871	4,624,509
Accrued liabilities and deferred income	4,000	4,000
Total	5,091,871	4,628,509