DTP Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04776193 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

DTP Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Rodger

SECRETARY:

REGISTERED OFFICE:

Salisbury House

London Wall

London

EC2M 5PS

REGISTERED NUMBER:

04776193 (England and Wales)

ACCOUNTANTS:

Palak Services Limited

80 Woodrush Way

Chadwell Heath

Romford

Essex

RM6 5BL

FIXED ASSETS

Tangible assets

4

2

2

Investments

5

83,810

-

83,812

2

CURRENT ASSETS

Stocks

297,095

248,762

Debtors

6

29,355

12,924

Cash at bank

402,176

21,090

728,626

282,776

CREDITORS

Amounts falling due within one year

7

777,381

243,916

NET CURRENT (LIABILITIES)/ASSETS

(48,755

)

38,860

TOTAL ASSETS LESS CURRENT LIABILITIES

35,057

38,862

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

35,055

38,860

SHAREHOLDERS' FUNDS

35,057

38,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

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 21 February 2022 and were signed by:

K Rodger - Director

1.	STATUTORY INFORMATION

DTP 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.

Going Concern

The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £49,668 on the balance sheet. The shareholders will provide the necessary support to maintain the company as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

COVID-19

Since the financial year end, there are uncertainties relating to COVID19 pandemic .However, no provisions have been made in the financial statements to reflect the future impact on the business as a result of these uncertainties.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rate to write off each asset over its estimated useful life (or if held under a finance lease, over the lease term, whichever is the shorter).

Plant & machinery 25% on cost

Computer equipment 33.3% on cost

Furniture & fittings 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2020

and 31 May 2021

10,543

6,372

16,915

DEPRECIATION

At 1 June 2020

and 31 May 2021

10,542

6,371

16,913

NET BOOK VALUE

At 31 May 2021

1

1

2

At 31 May 2020

1

1

2

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

Additions

83,810

At 31 May 2021

83,810

NET BOOK VALUE

At 31 May 2021

83,810

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

154

12,154

Other debtors

770

770

Tax

913

-

VAT

6,685

-

Prepayments and accrued income

20,833

-

29,355

12,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade creditors

20,545

589

Tax

-

5,167

VAT

-

165

Other creditors

748,390

235,000

Directors' current accounts

7,202

1,661

Accrued expenses

1,244

1,334

777,381

243,916

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 June 2020

38,860

Deficit for the year

(3,805

)

At 31 May 2021

35,055

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

31.5.21

31.5.20

£

£

K Rodger

Balance outstanding at start of year

(1,661

)

(212

)

Amounts repaid

(5,541

)

(1,449

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,202

)

(1,661

)

11.	RELATED PARTY DISCLOSURES

Included in the other creditors is an amount of £748,390 (2020 - £235,000) owed by the company to D & B Cooper Ltd, a company related by virtue of common control.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is K Rodger.