Damot_Limited - Accounts


Company registration number 06702304 (England and Wales)
Damot Limited
Unaudited
Financial Statements
for the year ended 30 September 2022
PAGES FOR FILING WITH REGISTRAR
Damot Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Damot Limited
Statement of financial position
as at 30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Stocks
1,952,734
1,050,367
Debtors
3
549
8,187
Cash at bank and in hand
36,573
53,488
1,989,856
1,112,042
Creditors: amounts falling due within one year
4
(2,252,134)
(1,365,771)
Net current liabilities
(262,278)
(253,729)
Creditors: amounts falling due after more than one year
5
(27,253)
(35,802)
Net liabilities
(289,531)
(289,531)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(289,631)
(289,631)
Total equity
(289,531)
(289,531)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 6 February 2023
M O J Stephens
Director
Company Registration No. 06702304
Damot Limited
Notes to the financial statements
for the year ended 30 September 2022
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by connected companies
450
-
0
VAT recoverable
99
8,187
549
8,187
4
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
10,000
10,648
Other borrowings
1,789,073
1,023,678
Other creditors
451,561
329,945
Accruals and deferred income
1,500
1,500
2,252,134
1,365,771

The loans are secured.

Damot Limited
Notes to the financial statements (continued)
for the year ended 30 September 2022
- 3 -
5
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
27,253
35,802

The loans are secured.

6
Company information

Damot Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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