Do Inc Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11930028 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Do Inc Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D S Oliver

REGISTERED OFFICE:

26 Felix Road

Easton

Bristol

Avon

BS5 0JW

REGISTERED NUMBER:

11930028 (England and Wales)

ACCOUNTANTS:

CJM Associates

St Thomas House

83 Wolverhampton Road

Cannock

Staffordshire

WS11 1AR

FIXED ASSETS

Tangible assets

4

41,395

32,673

Investments

5

19,797

17,120

61,192

49,793

CURRENT ASSETS

Cash at bank

11,550

9,000

CREDITORS

Amounts falling due within one year

6

14,399

5,072

NET CURRENT (LIABILITIES)/ASSETS

(2,849

)

3,928

TOTAL ASSETS LESS CURRENT LIABILITIES

58,343

53,721

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

58,342

53,720

58,343

53,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2023 and were signed by:

D S Oliver - Director

1.	STATUTORY INFORMATION

Do Inc Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

There are no significant accounting estimates

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

36,868

Additions

15,520

At 31 August 2022

52,388

DEPRECIATION

At 1 September 2021

4,195

Charge for year

6,798

At 31 August 2022

10,993

NET BOOK VALUE

At 31 August 2022

41,395

At 31 August 2021

32,673

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2021

15,868

Additions

3,483

Revaluations

1,020

At 31 August 2022

20,371

PROVISIONS

At 1 September 2021

(1,252

)

Provision for year

1,826

At 31 August 2022

574

NET BOOK VALUE

At 31 August 2022

19,797

At 31 August 2021

17,120

Cost or valuation at 31 August 2022 is represented by:

Other

investments

£

Valuation in 1

11,312

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

LISTED INVESTMENTS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

15,868

Additions

3,483

Revaluations

1,020

20,371

CLIENT SCREEN TOTAL

=

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

9,215

122

Taxation and social security

5,039

4,939

Other creditors

145

11

14,399

5,072