| DKP Limited |
| Registered number: |
06359501 |
| Abbreviated Balance Sheet |
| as at 29 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
18,000 |
|
|
24,000 |
| Tangible assets |
3 |
|
|
3,292,892 |
|
|
2,855,279 |
|
|
|
|
3,310,892 |
|
|
2,879,279 |
|
| Current assets |
| Stocks |
|
|
76,137 |
|
|
68,285 |
| Debtors |
|
|
426,617 |
|
|
482,865 |
| Cash at bank and in hand |
|
|
4,752 |
|
|
3,546 |
|
|
|
507,506 |
|
|
554,696 |
|
| Creditors: amounts falling due within one year |
|
|
(2,005,978) |
|
|
(2,036,374) |
|
| Net current liabilities |
|
|
|
(1,498,472) |
|
|
(1,481,678) |
|
| Total assets less current liabilities |
|
|
|
1,812,420 |
|
|
1,397,601 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(1,815,942) |
|
|
(990,461) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(3,522) |
|
|
407,140 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
(3,532) |
|
|
407,130 |
|
| Shareholders' funds |
|
|
|
(3,522) |
|
|
407,140 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| D Pool |
| Director |
| Approved by the board on 28 June 2016 |
|
| DKP Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when the goods are physically delivered to the customer. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out bases. NRV represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obselete or damaged stock where NRV is less than cost. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Going concern |
|
The director's have given consideration to the continuing operations of the company and this has given rise to no material uncertainties regarding going concern. As a result the accounts have been prepared under the going concern basis of accounting. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 30 September 2014 |
30,000 |
|
At 29 September 2015 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 30 September 2014 |
6,000 |
|
Provided during the year |
6,000 |
|
At 29 September 2015 |
12,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 September 2015 |
18,000 |
|
At 29 September 2014 |
24,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 30 September 2014 |
3,400,350 |
|
Additions |
3,149,439 |
|
Disposals |
(2,315,653) |
|
At 29 September 2015 |
4,234,136 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 September 2014 |
545,071 |
|
Charge for the year |
701,278 |
|
On disposals |
(305,105) |
|
At 29 September 2015 |
941,244 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 September 2015 |
3,292,892 |
|
At 29 September 2014 |
2,855,279 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
5 |
|
5 |
|
- |
|
B Ordinary shares |
£1 each |
|
5 |
|
5 |
|
10 |
|
|
|
|
|
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr & Mrs Pool |
|
Directors' loan account |
(45,887) |
|
811,979 |
|
(650,523) |
|
115,569 |
|
|
Mr N Ireland |
|
Director's loan account |
(42,166) |
|
80,924 |
|
(118,998) |
|
(80,240) |
|
|
(88,053) |
|
892,903 |
|
(769,521) |
|
35,329 |
|
|
|
|
|
|
|
|
|
|
The balance £115,569 (2014: £45,887 other creditors) is included in other debtors. The maximum overdrawn balance during the year was £167,000. Interest at 3.25% has been charged on overdrawn balances greater than £10,000. The loan was repaid in full by 11 March 2016. |
|
|
The balance £80,240 (2014: £42,166) is included in other creditors. At no stage during the year was the directors' loan account overdrawn and no arrangements to charge interest were entered into. There are no fixed repayment terms. |
