DAM 3 Ltd

DAM 3 Ltd

DAM 3 LTD - Company Information

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1 October 2019 false Taxfiler 2021.2.1 09268321business:PrivateLimitedCompanyLtd2019-10-012020-09-30 092683212019-09-30 092683212019-10-012020-09-30 09268321business:AuditExemptWithAccountantsReport2019-10-012020-09-30 09268321business:FullAccounts2019-10-012020-09-30 092683212020-09-30 09268321business:Director12019-10-012020-09-30 09268321business:Director22019-10-012020-09-30 09268321business:CompanySecretary12019-10-012020-09-30 09268321business:RegisteredOffice2019-10-012020-09-30 092683212019-09-30 09268321core:WithinOneYear2020-09-30 09268321core:WithinOneYear2019-09-30 09268321core:AfterOneYear2020-09-30 09268321core:AfterOneYear2019-09-30 09268321core:ShareCapital2020-09-30 09268321core:ShareCapital2019-09-30 09268321core:RetainedEarningsAccumulatedLosses2020-09-30 09268321core:RetainedEarningsAccumulatedLosses2019-09-30 09268321business:SmallEntities2019-10-012020-09-30 09268321countries:EnglandWales2019-10-012020-09-30 09268321core:LandBuildings2019-10-012020-09-30 09268321core:FurnitureFittings2019-10-012020-09-30 09268321core:ComputerEquipment2019-10-012020-09-30 09268321core:LandBuildings2019-09-30 09268321core:PlantMachinery2019-09-30 09268321core:FurnitureFittings2019-09-30 09268321core:PlantMachinery2019-10-012020-09-30 09268321core:LandBuildings2020-09-30 09268321core:PlantMachinery2020-09-30 09268321core:FurnitureFittings2020-09-30 09268321core:BetweenOneFiveYears2020-09-30 09268321core:BetweenOneFiveYears2019-09-30 092683212018-10-012019-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09268321 (England and Wales)
DAM 3 Ltd Unaudited accounts for the year ended 30 September 2020
DAM 3 Ltd Unaudited accounts Contents
Page
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DAM 3 Ltd Company Information for the year ended 30 September 2020
Directors
F H Galliers-Pratt K Y Chan
Secretary
Wellco Secretaries Ltd
Company Number
09268321 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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DAM 3 Ltd Statement of financial position as at 30 September 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
30,572 
64,257 
Current assets
Debtors
4
586,515 
663,179 
Cash at bank and in hand
174,699 
47,742 
761,214 
710,921 
Creditors: amounts falling due within one year
5
(50,966)
(96,587)
Net current assets
710,248 
614,334 
Total assets less current liabilities
740,820 
678,591 
Creditors: amounts falling due after more than one year
6
(300,000)
(300,000)
Net assets
440,820 
378,591 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
440,819 
378,590 
Shareholders' funds
440,820 
378,591 
For the year ending 30 September 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 20 April 2021 and were signed on its behalf by
F H Galliers-Pratt Director Company Registration No. 09268321
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DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2020
1
Statutory information
DAM 3 Ltd is a private company, limited by shares, registered in England and Wales, registration number 09268321. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2
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.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
The accounts have been prepared under the historical cost convention, unless otherwise specified in the accounting policies. The accounts are presented in £ sterling.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: - The amount of revenue can be reliably measured; - It is probable that future economic benefits will flow to the entity; and - Specific criteria have been met for each of the company's activities. Turnover represents income from computer facilities management activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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:
Land & buildings
Leasehold improvements, over lease term
Fixtures & fittings
20% Straight line
Computer equipment
33.3% Straight line
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DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2020
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. The company has basic financial instruments only.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2019
28,507 
39,527 
60,651 
128,685 
Additions
- 
6,598 
- 
6,598 
At 30 September 2020
28,507 
46,125 
60,651 
135,283 
Depreciation
At 1 October 2019
5,939 
25,651 
32,838 
64,428 
Charge for the year
14,253 
13,900 
12,130 
40,283 
At 30 September 2020
20,192 
39,551 
44,968 
104,711 
Net book value
At 30 September 2020
8,315 
6,574 
15,683 
30,572 
At 30 September 2019
22,568 
13,876 
27,813 
64,257 
4
Debtors
2020 
2019 
£ 
£ 
Less than one year
Trade debtors
2,562 
25,000 
Accrued income and prepayments
32,311 
206,463 
Other debtors
551,642 
431,716 
Total debtors less than one year
586,515 
663,179 
Greater than one year
Total debtors
586,515 
663,179 
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DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2020
5
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
37,705 
50,237 
Taxes and social security
807 
38,968 
Other creditors
9,655 
4,634 
Loans from directors
449 
448 
Accruals
2,350 
2,300 
50,966 
96,587 
6
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
300,000 
300,000 
7
Operating lease commitments
2020 
2019 
£ 
£ 
At 30 September 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
24,500 
- 
Within two to five years
- 
98,000 
24,500 
98,000 
8
Average number of employees
During the year the average number of employees was 26 (2019: 22).
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