Dartlets Ltd. Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 03210820

Dartlets Ltd.

Filleted Unaudited Financial Statements

31 October 2022

Dartlets Ltd.

Financial Statements

Year ended 31 October 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Dartlets Ltd.

Statement of Financial Position

31 October 2022

	2022		2021
Note	£	£	£	£

Fixed assets

Tangible assets	5		202,066		206,039

Current assets

Debtors	6	12,233	4,669
Cash at bank and in hand		232,565	436,555
		---------	---------
		244,798	441,224

Creditors: amounts falling due within one year	7	24,699		110,405
		---------		---------
Net current assets			220,099		330,819
			---------		---------
Total assets less current liabilities			422,165		536,858

Provisions

Taxation including deferred tax	1,450	1,075
	---------	---------
Net assets	420,715	535,783
	---------	---------

Dartlets Ltd.

Statement of Financial Position (continued)

31 October 2022

	2022		2021
Note	£	£	£	£

Capital and reserves

Called up share capital	8	196,000	196,000
Profit and loss account		224,715	339,783
		---------	---------
Shareholders funds		420,715	535,783
		---------	---------

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 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 May 2023 , and are signed on behalf of the board by:

A D Showell C E D Showell

Director Director

Company registration number: 03210820

Dartlets Ltd.

Notes to the Financial Statements

Year ended 31 October 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Dart House, Paignton Road, Stoke Gabriel, Totnes, Devon, TQ9 6SL.

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

Revenue recognition

The turnover shown in the profit and loss account represents amounts of rent receivable for the year.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Freehold Property	-	2% straight line
Furniture, Fixtures and Fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 November 2021	297,217	30,430	30,601	358,248
Additions	–	–	4,515	4,515
	---------	--------	--------	---------
At 31 October 2022	297,217	30,430	35,116	362,763
	---------	--------	--------	---------
Depreciation
At 1 November 2021	96,837	29,869	25,503	152,209
Charge for the year	5,945	140	2,403	8,488
	---------	--------	--------	---------
At 31 October 2022	102,782	30,009	27,906	160,697
	---------	--------	--------	---------
Carrying amount
At 31 October 2022	194,435	421	7,210	202,066
	---------	--------	--------	---------
At 31 October 2021	200,380	561	5,098	206,039
	---------	--------	--------	---------

6. Debtors

	2022	2021
	£	£
Other debtors	12,233	4,669
	--------	-------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	1,703	7,809
Social security and other taxes	–	51,479
Other creditors	22,996	51,117
	--------	---------
	24,699	110,405
	--------	---------

8. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	195,000	195,000	195,000	195,000
Ordinary A shares of £ 1 each	1,000	1,000	1,000	1,000
	---------	---------	---------	---------
	196,000	196,000	196,000	196,000
	---------	---------	---------	---------