Company Registration No. 07991481 (England and Wales)
Dap Squared Ltd
Unaudited accounts
for the year ended 31 March 2022
Dap Squared Ltd
Unaudited accounts
Contents
Dap Squared Ltd
Company Information
for the year ended 31 March 2022
Directors
Deborah Price
Darren Price
Company Number
07991481 (England and Wales)
Registered Office
2 Moorfields
Leek
ST13 5LU
GB
Accountants
AJ Business Accounting Ltd
The Retreat
Butts Way
Milverton
Somerset
TA4 1JR
Dap Squared Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
3,175
3,729
Inventories
273,232
222,337
Cash at bank and in hand
(9,787)
37,841
Creditors: amounts falling due within one year
(92,653)
(94,575)
Net current assets
211,514
198,025
Total assets less current liabilities
214,689
201,754
Creditors: amounts falling due after more than one year
(70,251)
-
Provisions for liabilities
Net assets
143,834
201,045
Called up share capital
2
2
Share premium
179,161
179,161
Profit and loss account
(35,329)
21,882
Shareholders' funds
143,834
201,045
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2022 and were signed on its behalf by
Deborah Price
Director
Company Registration No. 07991481
Dap Squared Ltd
Notes to the Accounts
for the year ended 31 March 2022
Dap Squared Ltd is a private company, limited by shares, registered in England and Wales, registration number 07991481. The registered office is 2 Moorfields, Leek, ST13 5LU, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
-
2,765
2,771
5,536
At 31 March 2022
241
2,765
2,771
5,777
At 1 April 2021
-
1,386
421
1,807
Charge for the year
-
207
588
795
At 31 March 2022
-
1,593
1,009
2,602
At 31 March 2022
241
1,172
1,762
3,175
At 31 March 2021
-
1,379
2,350
3,729
Dap Squared Ltd
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Trade debtors
35,568
28,458
Other debtors
5,154
3,964
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
32,208
-
Trade creditors
39,333
62,361
Taxes and social security
(10,540)
4,384
Other creditors
3,329
366
Loans from directors
695
1,105
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 8 (2021: 3).
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 April 2020
31 March 2021
Capital and reserves (as previously stated)
201,754
201,045
Introduce deferred Taxation
(709)
-
Capital and reserves (as restated)
201,045
201,045
Reconciliation of profit or loss for the year
31 March 2021
Profit for the year (as previously stated)
113,234
Introduce deferred Taxation
(709)
Profit for the year (as restated)
112,525