DHR Consulting Limited
DHR Consulting Limited
Registered number: 06094580
Unaudited Financial Statements
For The Year Ended
28 February 2021
JCS Associates
Chartered Accountants
121 Albert Street
Fleet
Hampshire
GU51 3SR
DHR Consulting Limited
Unaudited Financial Statements
For The Year Ended
28 February 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
DHR Consulting Limited
Balance Sheet
As at
28 February 2021
Balance Sheet
Registered number:
06094580
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 300,120 | 361,875 | |||
Page 1
DHR Consulting Limited
Balance Sheet (continued)
As at
28 February 2021
Director's responsibilities
-
The member has 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. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
DHR Consulting Limited
Notes to the Financial Statements
For The Year Ended
28 February 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the directors intend to cease trading and place the company into a members' voluntary liquidation within the next few months. It is anticipated that there will be sufficient funds to settle all debts on liquidation.
1.3.
Turnover
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 sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
DHR Consulting Limited
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
1.6.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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Page 4
DHR Consulting Limited
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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4.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at
|
296,164 |
| Additions | 577,560 |
| Disposals | (597,589) |
| As at
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276,135 |
| Provision | |
| As at
|
3,842 |
| Added in period | 18,549 |
| Disposals | 2,991 |
| As at
|
25,382 |
| Net Book Value | |
| As at
|
250,753 |
| As at
|
292,322 |
5.
Stocks
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - work in progress |
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Page 5
DHR Consulting Limited
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
6.
Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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7.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Accruals and deferred income |
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| Director's loan account |
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The loan from the director is unsecured, interest-free and repayable on demand.
9.
Related Party Transactions
During the year the director made a loan to the company. The balance outstanding at the year end was £385 (2020:£385). The loan is interest-free, unsecured and repayable on demand.
10.
General Information
DHR Consulting Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06094580
. The registered office is 121 Albert Street, Fleet, Hampshire, GU51 3SR.
Page 6