Joanna Domagala Limited
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Notes to the Accounts |
for the period from 25 October 2015 to 31 March 2017
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price).
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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2 |
Creditors: amounts falling due within one year |
2017 |
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£ |
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Corporation tax |
19,744 |
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Other creditors |
696 |
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20,440 |
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3 |
Related party transactions |
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Dividends of £72,143 were paid during the period to J Domagala who is the director and shareholder.
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4 |
Other information |
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Joanna Domagala Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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3rd Floor |
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207 Regent Street |
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London |
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W1B 3HH |