DNA Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03363265 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

DNA Consultancy Limited

T/A

DNS Planning & Design

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

R M Newey

REGISTERED OFFICE:

17 Oval Close

St Georges

Telford

Shropshire

TF2 9UB

REGISTERED NUMBER:

03363265 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

4

481

399

CURRENT ASSETS

Debtors

23,591

25,377

Investments

5

5

Cash at bank

12,362

2,157

35,958

27,539

CREDITORS

Amounts falling due within one year

17,442

22,154

NET CURRENT ASSETS

18,516

5,385

TOTAL ASSETS LESS CURRENT LIABILITIES

18,997

5,784

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

50

50

Retained earnings

18,847

5,634

SHAREHOLDERS' FUNDS

18,997

5,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 July 2020 and were signed by:

R M Newey - Director

1.	STATUTORY INFORMATION

DNA Consultancy Limited 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.

Since the balance sheet date, the company's ability to trade has been adversely impacted due to the COVID-19

outbreak. The directors are taking all necessary steps to ensure the survival of the business which includes

accessing government funding and cutting costs where possible.

Turnover

Turnover is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net

of VAT) performed during the year with respect to services.

Tangible fixed assets

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

Computer equipment

-

50% on cost

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.

Operating lease

The relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term,

unless they relate to vacant leasehold properties, in which case provision is made on a discounted basis for the

net obligation under the lease The unwinding of the discount is disclosed within interest payable and similar

charges.

Where no lease is in place, the rentals are charged to the profit and loss account as and when paid.

Debtors

Debtors include the contractual value of work in progress. Work in progress is reflected in the accounts on a

contract by contract basis by recording turnover and related costs as contract activity progresses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2019

799

Additions

962

At 31 May 2020

1,761

DEPRECIATION

At 1 June 2019

400

Charge for year

880

At 31 May 2020

1,280

NET BOOK VALUE

At 31 May 2020

481

At 31 May 2019

399

5.	CONTINGENT LIABILITIES

There were no material contingent liabilities at the balance sheet date.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2020 and

31 May 2019:

2020

2019

£

£

R M Newey

Balance outstanding at start of year

12,068

24,338

Amounts repaid

(19,958

)

(12,270

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,890

)

12,068

Amounts in brackets are due to the director and without brackets are due to the company. No interest is payable

on the loan which is repayable on demand.

The above amounts represent the aggregate amounts during the year rather than each individual transaction.

7.	POST BALANCE SHEET EVENTS

There are no material post balance sheet events.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of DNA Consultancy Limited for the year ended 31 May 2020 which comprise the Abridged

Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of DNA Consultancy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DNA Consultancy Limited and state those matters that we have agreed to state to the director of DNA Consultancy Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DNA Consultancy Limited and its director for our work or for this report.

It is your duty to ensure that DNA Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DNA Consultancy Limited. You consider that DNA Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DNA Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

20 July 2020