Company Registration No. 12129622 (England and Wales)
DIRECT ONLINE DEALS LTD
Unaudited accounts
for the year ended 31 July 2020
DIRECT ONLINE DEALS LTD
Unaudited accounts
Contents
DIRECT ONLINE DEALS LTD
Company Information
for the year ended 31 July 2020
Company Number
12129622 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
ENGLAND
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
DIRECT ONLINE DEALS LTD
Statement of financial position
as at
31 July 2020
Cash at bank and in hand
96,274
Creditors: amounts falling due within one year
(38,484)
Net current assets
88,917
Total assets less current liabilities
91,534
Creditors: amounts falling due after more than one year
(58,001)
Called up share capital
1
Profit and loss account
33,532
Shareholders' funds
33,533
For the year ending 31 July 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 20 October 2020 and were signed on its behalf by
Hiten Rabheru
Director
Company Registration No. 12129622
DIRECT ONLINE DEALS LTD
Notes to the Accounts
for the year ended 31 July 2020
DIRECT ONLINE DEALS LTD is a private company, limited by shares, registered in England and Wales, registration number 12129622. The registered office is 20-22 Wenlock Road, London, N1 7GU, ENGLAND.
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 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:
Fixtures & fittings
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
DIRECT ONLINE DEALS LTD
Notes to the Accounts
for the year ended 31 July 2020
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1.