Company Registration No. 06336688 (England and Wales)
Daisyfire Limited
Unaudited accounts
for the year ended 31 March 2021
Daisyfire Limited
Unaudited accounts
Contents
Daisyfire Limited
Company Information
for the year ended 31 March 2021
Company Number
06336688 (England and Wales)
Registered Office
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Daisyfire Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
7,886
6,904
Creditors: amounts falling due within one year
(26,831)
(20,679)
Net current (liabilities)/assets
(10,312)
520
Net (liabilities)/assets
(10,312)
649
Called up share capital
1
1
Profit and loss account
(10,313)
648
Shareholders' funds
(10,312)
649
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 31 August 2021 and were signed on its behalf by
Ms S L Herman
Director
Company Registration No. 06336688
Daisyfire Limited
Notes to the Accounts
for the year ended 31 March 2021
Daisyfire Limited is a private company, limited by shares, registered in England and Wales, registration number 06336688. The registered office is The Old Surgery, 48 High Street, Chalgrove, Oxfordshire, OX44 7SS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis on the grounds that the directors will provide sufficient finance to meet the company's liabilities as they fall due for at least the next 12 months.
Daisyfire Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
8,633
128
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
6,571
11,009
Loans from directors
19,222
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Included within other debtors due within one year is a sum owed from Ms S L Herman, the director, amounting to £nil (2020 - £5,371).
Included within other creditors due within one year is a sum owed to Ms S L Herman, the director, amounting to £19,222 (2020 - £nil).
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
