DKP Consulting Limited Filleted accounts for Companies House (small and micro)

DKP CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 6780221

DKP CONSULTING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2023

DKP CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2023

	2023		2022
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	350,000	350,000
Tangible assets	6	404,167	402,842
		----------	----------
		754,167	752,842

CURRENT ASSETS

Stocks and work in progress		32,936	275
Debtors	7	590,201	423,027
Cash at bank and in hand		305,369	167,706
		----------	----------
		928,506	591,008

CREDITORS: amounts falling due within one year	8	282,974		247,254
		----------		----------
NET CURRENT ASSETS			645,532		343,754
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,399,699		1,096,596

PROVISIONS

Taxation including deferred tax	7,172	7,748
	-------------	-------------
NET ASSETS	1,392,527	1,088,848
	-------------	-------------

DKP CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2023

	2023		2022
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	125	125
Share premium account	119,975	119,975
Profit and loss account	1,272,427	968,748
	-------------	-------------
SHAREHOLDERS FUNDS	1,392,527	1,088,848
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 July 2023 , and are signed on behalf of the board by:

Mr R M Webster
Director

Company registration number: 6780221

DKP CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55-57 Burn Bridge Road, Harrogate, HG3 1PB.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. (c) Current and deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. (d) Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis . (e) Goodwill Postive goodwill arising on acquistion is capitalised and carried as an asset on the balance sheet.

(f) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	16% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(h) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	25% straight line
Fixtures and fittings	-	10% reducing balance
Office equipment	-	15% reducing balance
Investment property fixtures	-	10% straight line

(i) Stock and work in progress

Stocks are measured at the lower of cost and net realisable value. Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress

(j) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

(k) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

(l) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 12 (2022: 11 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2022 and 31 March 2023	750,000
	----------
Amortisation
At 1 April 2022 and 31 March 2023	400,000
	----------
Carrying amount
At 31 March 2023	350,000
	----------
At 31 March 2022	350,000
	----------

6. TANGIBLE ASSETS

	Investment property	Computers	Fixtures and fittings	Office equipment	Investment property fixtures	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2022	363,595	45,126	24,104	11,550	12,528	456,903
Additions	–	6,676	922	–	8,377	15,975
Disposals	–	( 2,241)	–	–	–	( 2,241)
	----------	--------	--------	--------	--------	----------
At 31 Mar 2023	363,595	49,561	25,026	11,550	20,905	470,637
	----------	--------	--------	--------	--------	----------
Depreciation
At 1 Apr 2022	–	22,801	20,630	10,421	209	54,061
Charge for the year	–	9,857	443	169	4,181	14,650
Disposals	–	( 2,241)	–	–	–	( 2,241)
	----------	--------	--------	--------	--------	----------
At 31 Mar 2023	–	30,417	21,073	10,590	4,390	66,470
	----------	--------	--------	--------	--------	----------
Carrying amount
At 31 Mar 2023	363,595	19,144	3,953	960	16,515	404,167
	----------	--------	--------	--------	--------	----------
At 31 Mar 2022	363,595	22,325	3,474	1,129	12,319	402,842
	----------	--------	--------	--------	--------	----------

7. DEBTORS

	2023	2022
	£	£
Trade debtors	397,026	250,852
Amounts owed by group undertakings and undertakings in which the company has a participating interest	171,410	157,010
Other debtors	21,765	15,165
	----------	----------
	590,201	423,027
	----------	----------

8. CREDITORS: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	22,717	32,253
Accruals and deferred income	22,595	14,044
Corporation tax	96,364	78,191
Social security and other taxes	139,024	106,277
Directors loan - RMW	2,274	16,489
	----------	----------
	282,974	247,254
	----------	----------

9. RELATED PARTY TRANSACTIONS

The company was under the control of DKP Holdings limited, the ultimate holding company registered in England and Wales. The dividends voted during the year were £105,000 (2022: £70,000).