DAM 3 Ltd

DAM 3 Ltd

DAM 3 LTD - Company Information

Print Friendly Version

1 October 2020 false Taxfiler 2022.9 09268321business:PrivateLimitedCompanyLtd2020-10-012021-09-30 092683212020-09-30 092683212020-10-012021-09-30 09268321business:AuditExemptWithAccountantsReport2020-10-012021-09-30 09268321business:FullAccounts2020-10-012021-09-30 092683212021-09-30 09268321business:Director12020-10-012021-09-30 09268321business:Director22020-10-012021-09-30 09268321business:CompanySecretary12020-10-012021-09-30 09268321business:RegisteredOffice2020-10-012021-09-30 092683212020-09-30 09268321core:WithinOneYear2021-09-30 09268321core:WithinOneYear2020-09-30 09268321core:AfterOneYear2021-09-30 09268321core:AfterOneYear2020-09-30 09268321core:ShareCapital2021-09-30 09268321core:ShareCapital2020-09-30 09268321core:RetainedEarningsAccumulatedLosses2021-09-30 09268321core:RetainedEarningsAccumulatedLosses2020-09-30 09268321business:SmallEntities2020-10-012021-09-30 09268321countries:EnglandWales2020-10-012021-09-30 09268321core:LandBuildings2020-10-012021-09-30 09268321core:FurnitureFittings2020-10-012021-09-30 09268321core:ComputerEquipment2020-10-012021-09-30 09268321core:LandBuildings2020-09-30 09268321core:PlantMachinery2020-09-30 09268321core:FurnitureFittings2020-09-30 09268321core:PlantMachinery2020-10-012021-09-30 09268321core:LandBuildings2021-09-30 09268321core:PlantMachinery2021-09-30 09268321core:FurnitureFittings2021-09-30 09268321core:AfterOneYear2020-10-012021-09-30 092683212019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 09268321 (England and Wales)
DAM 3 Ltd Unaudited accounts for the year ended 30 September 2021
DAM 3 Ltd Unaudited accounts Contents
Page
- 2 -
DAM 3 Ltd Company Information for the year ended 30 September 2021
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
- 3 -
DAM 3 Ltd Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
14,124 
30,572 
Current assets
Debtors
4
362,017 
586,515 
Cash at bank and in hand
296,588 
174,699 
658,605 
761,214 
Creditors: amounts falling due within one year
5
(326,195)
(50,966)
Net current assets
332,410 
710,248 
Total assets less current liabilities
346,534 
740,820 
Creditors: amounts falling due after more than one year
6
(310,416)
(300,000)
Net assets
36,118 
440,820 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
36,117 
440,819 
Shareholders' funds
36,118 
440,820 
For the year ending 30 September 2021 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 4 October 2022 and were signed on its behalf by
F H Galliers-Pratt Director Company Registration No. 09268321
- 4 -
DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2021
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
- 5 -
DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2021
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 2020
28,507 
46,125 
60,651 
135,283 
Additions
4,890 
2,695 
- 
7,585 
At 30 September 2021
33,397 
48,820 
60,651 
142,868 
Depreciation
At 1 October 2020
20,192 
39,551 
44,968 
104,711 
Charge for the year
8,518 
3,385 
12,130 
24,033 
At 30 September 2021
28,710 
42,936 
57,098 
128,744 
Net book value
At 30 September 2021
4,687 
5,884 
3,553 
14,124 
At 30 September 2020
8,315 
6,574 
15,683 
30,572 
4
Debtors
2021 
2020 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,500 
2,562 
Accrued income and prepayments
3,430 
32,311 
Other debtors
313,087 
551,642 
362,017 
586,515 
- 6 -
DAM 3 Ltd Notes to the Accounts for the year ended 30 September 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
51,321 
37,705 
Taxes and social security
31,432 
807 
Other creditors
240,918 
9,655 
Loans from directors
124 
449 
Accruals
2,400 
2,350 
326,195 
50,966 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Other creditors
300,000 
300,000 
Taxes and social security
10,416 
- 
310,416 
300,000 
Other creditors falling due after more than one year represents a 5 year interest free loan from a director of the Company which is due for repayment in May 2023.
7
Operating lease commitments
2021 
2020 
£ 
£ 
At 30 September 2021 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
24,500 
8
Average number of employees
During the year the average number of employees was 28 (2020: 26).
- 7 -