Dawnlight Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 2101955

Dawnlight Ltd

Filleted Unaudited Financial Statements

For the year ended

30 April 2021

Dawnlight Ltd

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		111	148

Current assets

Debtors	6	337,270	119,221
Cash at bank and in hand		102,898	324,959
		---------	---------
		440,168	444,180

Creditors: amounts falling due within one year	7	( 13,472)		( 46,002)
		---------		---------
Net current assets			426,696	398,178
			---------	---------
Total assets less current liabilities			426,807	398,326

Provisions

Taxation including deferred tax	( 17)	( 23)
	---------	---------
Net assets	426,790	398,303
	---------	---------

Capital and reserves

Called up share capital	8	20,000	20,000
Profit and loss account		406,790	378,303
		---------	---------
Shareholders funds		426,790	398,303
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Dawnlight Ltd

Statement of Financial Position (continued)

30 April 2021

These financial statements were approved by the board of directors and authorised for issue on 12 August 2021 , and are signed on behalf of the board by:

Mr Kalpesh Shah
Director

Company registration number: 2101955

Dawnlight Ltd

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 56 Lindsay Drive, Harrow, Middlesex, HA3 0TD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2019. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Revenue recognition

The company exported 100% (2019:100%) of its Turnover.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 May 2020 and 30 April 2021	17,794	17,794
	--------	--------
Depreciation
At 1 May 2020	17,646	17,646
Charge for the year	37	37
	--------	--------
At 30 April 2021	17,683	17,683
	--------	--------
Carrying amount
At 30 April 2021	111	111
	--------	--------
At 30 April 2020	148	148
	--------	--------

6. Debtors

	2021	2020
	£	£
Trade debtors	245,284	102,465
Prepayments and accrued income	2,401	2,670
Payments in advance to suppliers	89,146	13,606
VAT refund	439	480
	---------	---------
	337,270	119,221
	---------	---------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	271	11,143
Accruals and deferred income	6,235	6,235
Corporation tax	6,688	27,800
Social security and other taxes	278	252
Customer deposits	–	572
	--------	--------
	13,472	46,002
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	20,000	20,000	20,000	20,000
	--------	--------	--------	--------

9. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2019.

No transitional adjustments were required in equity or profit or loss for the year.