Dawn Creations Limited
Dawn Creations Limited
Registered number: 06268175
Directors' Report and
Unaudited Financial Statements
For The Year Ended
31 March 2021
Dawn Creations Limited
Directors' Report and Unaudited Financial Statements
For The Year Ended
31 March 2021
Directors' Report and Unaudited Financial Statements
| Contents | |
| Page | |
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Statement of Income and Retained Earnings | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—9 |
Dawn Creations Limited
Company Information
For The Year Ended
31 March 2021
Company Information
| Directors |
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| Secretary |
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| Company Number |
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| Registered Office | El Shaddai Cottage |
| 73b Glaziers Lane | |
| Normandy | |
| Surrey | |
| GU3 2DF | |
| Accountants |
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| Englefield Green | |
| TW20 0DF | |
Page 1
Dawn Creations Limited
Company No. 06268175
Directors' Report For The Year Ended
31 March 2021
Directors' Report
The directors present their report and the financial statements for the year ended
31 March 2021
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Principal Activity
The company's principal activity continues to be that of graphic designing, photography, art therapy, events planing and co-ordinating.
Directors
The directors who held office during the year were as follows:
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Political and Charitable Donations
All donations were made to charitable organisations. There were no donations made that relate to any Political activities.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Director
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Page 2
Dawn Creations Limited
Accountants' Report
For The Year Ended
31 March 2021
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of
Dawn Creations Limited
For The Year Ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Dawn Creations Limited
For The Year Ended 31 March 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of
Dawn Creations Limited
, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
Dawn Creations Limited
and state those matters that we have agreed to state to the directors of
Dawn Creations Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Dawn Creations Limited
and its directors, as a body, for our work or for this report.
It is your duty to ensure that
Dawn Creations 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 or loss of
Dawn Creations Limited
. You consider that
Dawn Creations Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
Dawn Creations 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 financial statements.
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Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Dawn Creations Limited
Statement of Income and Retained Earnings
For The Year Ended
31 March 2021
Statement of Income and Retained Earnings
| 2021 | 2020 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| Cost of sales |
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| GROSS PROFIT |
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| Distribution costs |
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| Administrative expenses |
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| Other operating income |
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| OPERATING LOSS | 2 |
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| Interest payable and similar charges |
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| LOSS FOR THE FINANCIAL YEAR |
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| RETAINED EARNINGS | ||||
| As at
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| As at
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The notes on pages 7 to 9 form part of these financial statements.
Page 4
Dawn Creations Limited
Balance Sheet
As at
31 March 2021
Balance Sheet
| 2021 | 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (26,156) | (2,743) | |||
Page 5
Dawn Creations Limited
Balance Sheet (continued)
As at
31 March 2021
Directors' responsibilities:
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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.
On behalf of the board
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Director
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The notes on pages 7 to 9 form part of these financial statements.
Page 6
Dawn Creations Limited
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Coronavirus
On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this situation will have on the company and the business going forward.
1.2.
Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
1.3.
Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.
Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
1.4.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant & Machinery |
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1.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
1.6.
Government Assistance
The company accounts for grants using the accrual method. The company received a government grant during the year of £9,174.86 which was in relation to the Coronavirus Job Retention Scheme.
2.
Operating Loss
The operating loss is stated after charging:
| 2021 | 2020 | ||
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| £ | £ | ||
| Directors' remuneration |
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| Depreciation of tangible fixed assets |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 2)
Page 7
Dawn Creations Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
4.
Tangible Assets
| Plant & Machinery | |
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| Cost | |
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| Depreciation | |
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| Provided during the period |
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| Net Book Value | |
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5.
Debtors
| 2021 | 2020 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | - | 4,146 | |
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6.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| VAT | - |
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| Bounce Back Loan - Due <1 year |
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| Accruals and deferred income |
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| Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Bounce Back Loan - Due 1-2 years |
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| Bounce Back Loan - Due 2-5 years |
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| Bounce Back Loan - Due > 5 years |
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The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 6 years, and early repayment is possible without additional charges.
Page 8
Dawn Creations Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
9.
Related Party Transactions
At the Balance Sheet date the company owed its directors £20,818 (2020 - £2,037 owed by the directors). These loans are interest free, non-recoverable and repayable on demand.
10.
Ultimate Controlling Party
The company's ultimate controlling party is
its Directors
by virtue of their ownership of 100% of the issued share capital in the company.
11.
General Information
Dawn Creations Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06268175
. The registered office is El Shaddai Cottage, 73b Glaziers Lane, Normandy, Surrey, GU3 2DF.
Page 9