DKUK Services Ltd - Period Ending 2018-12-31
DKUK Services Ltd - Period Ending 2018-12-31
Registration number:
Year Ended
DKUK Services Ltd
Contents
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Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
DKUK Services Ltd
Company Information
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Director |
Jason Robins |
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Registered office |
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Page 1 |
DKUK Services Ltd
(Registration number: 09581593)
Balance Sheet as at 31 December 2018
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Note |
2018 |
2017 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's Report has been taken.
Approved and authorised by the
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Jason Robins
Director
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Page 2 |
DKUK Services Ltd
Statement of Changes in Equity
Year Ended 31 December 2018
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Share capital |
Profit and loss account |
Total |
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At 1 January 2018 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 31 December 2018 |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2017 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 31 December 2017 |
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Page 3 |
DKUK Services Ltd
Notes to the Financial Statements
Year Ended 31 December 2018
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The company's only source of income is from its parent company and is therefore wholly reliant on the continuing support of its parent company to continue as a going concern. Its parent company has indicated that it will continue to provide financial support to the company while it has the resources to do so. Since the year end, the parent company has continued to provide financial support. However, the parent company has suffered recurring losses from its operations and negative cashflows from operations and the parent company's future, and therefore the future of DKUK Services Ltd, is dependent upon its ability to generate positive cashflows, raise additional finance or both. There is therefore substantial doubt about its ability to continue as a going concern. The financial statements do not contain the adjustments that would be required if the going concern basis was not appropriate.
Revenue recognition
Turnover represents amounts chargeable in respect of services provided to the parent company and is recognised in the period in which services are provided.
Foreign currency transactions and balances
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Page 4 |
DKUK Services Ltd
Notes to the Financial Statements
Year Ended 31 December 2018
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Leases
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments.
Share based payments
The cost of transactions with employees settled in equity instruments of the parent company is measured by reference to the fair value of the equity instruments granted at the date at which they are granted and is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value is determined using an appropriate pricing model. In valuing equity-settled transactions, no account is taken of any vesting conditions, other than conditions linked to the price of the shares of the company (market conditions) and non vesting conditions. No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market or non vesting condition, which are treated as vesting irrespective of whether or not the market or non vesting condition is satisfied, provided that all other performance conditions are satisfied. At each balance sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has expired and management's best estimate of the achievement or otherwise of non-market conditions and of the number of equity instruments that will ultimately vest or in the case of an instrument subject to a market condition, be treated as vesting as described above. The movement in cumulative expense since the previous balance sheet date is recognised in the profit and loss account, with a corresponding entry to recognise the resulting liability owed to the parent company. Where the terms of an equity-settled award are modified or a new award is designated as replacing a cancelled or settled award, the cost based on the original award terms continues to be recognised over the original vesting period. In addition, an expense is recognised over the remainder of the new vesting period for the incremental fair value of any modification, based on the difference between the fair value of the original award and the fair value of the modified award, both as measured on the date of the modification. No reduction is recognised if this difference is negative. Where an equity-settled award is cancelled, it is treated as if it had vested on the date of cancellation, and any cost not yet recognised in the profit and loss account for the award is expensed immediately.
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Page 5 |
DKUK Services Ltd
Notes to the Financial Statements
Year Ended 31 December 2018
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Staff numbers |
The average number of persons employed by the company during the year was
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Debtors |
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2018 |
2017 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Creditors |
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2018 |
2017 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Financial commitments, guarantees and contingencies |
The total amount of financial commitments not included in the balance sheet is £Nil (2017 - £
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent company producing publicly available financial statements is
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Page 6 |
DKUK Services Ltd
Notes to the Financial Statements
Year Ended 31 December 2018
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Audit report |
The audit report on the full accounts was signed on
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Page 7 |