DTP Limited - Limited company accounts 11.6

REGISTERED NUMBER: 04776193 (England and Wales)

Report of the Director and

Unaudited Financial Statements For The Year Ended 31 May 2014

for

DTP Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Statement of Total Recognised Gains and Losses

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTOR:

K A Rodger

SECRETARY:

S F Ronaldson

REGISTERED OFFICE:

Third Floor

15 Poland Street

London

W1F 8QE

REGISTERED NUMBER:

04776193 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

Third Floor

15 Poland Street

London

W1F 8QE

The director presents his report with the financial statements of the company for the year ended 31 May 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of sales and marketing

consultancy.

DIVIDENDS

An interim dividend of £10,500 per share was paid on 30 November 2013. The director recommends a final dividend of £13,925 per share, making a total of £48,850 per share for the year ended 31 May 2014.

The total distribution of dividends for the year ended 31 May 2014 will be £ 48,850 .

DIRECTOR

K A Rodger held office during the whole of the period from 1 June 2013 to the date of this report.

ON BEHALF OF THE BOARD:

K A Rodger - Director

10 December 2014

TURNOVER

1,706,764

628,586

Cost of sales

(1,526,166

)

(538,704

)

GROSS PROFIT

180,598

89,882

Administrative expenses

(93,185

)

(78,708

)

OPERATING PROFIT

2

87,413

11,174

Interest payable and similar charges

(9

)

-

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

87,404

11,174

Tax on profit on ordinary activities

3

(17,411

)

(2,257

)

PROFIT FOR THE FINANCIAL YEAR

69,993

8,917

PROFIT FOR THE FINANCIAL YEAR

69,993

8,917

TOTAL RECOGNISED GAINS AND LOSSES RELATING TO THE YEAR

69,993

8,917

Prior year adjustment

181

TOTAL GAINS AND LOSSES RECOGNISED SINCE LAST ANNUAL REPORT

9,098

FIXED ASSETS

Tangible assets

5

2

2

CURRENT ASSETS

Debtors

6

316,429

89,635

Prepayments and accrued income

164,833

74,898

Cash at bank

20,002

66,284

501,264

230,817

CREDITORS

Amounts falling due within one year

7

(479,808

)

(230,504

)

NET CURRENT ASSETS

21,456

313

TOTAL ASSETS LESS CURRENT LIABILITIES

21,458

315

CAPITAL AND RESERVES

Called up share capital

8

2

2

Profit and loss account

9

21,456

313

SHAREHOLDERS' FUNDS

21,458

315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 10 December 2014 and were signed by:

K A Rodger - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

£

Director's remuneration and other benefits etc

7,200

7,000

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

£

Current tax:

UK corporation tax

17,411

2,257

Tax on profit on ordinary activities

17,411

2,257

4.

DIVIDENDS

2014

2013

£

£

Ordinary shares of £1 each

Final

27,850

25,500

Interim

21,000

-

48,850

25,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2013

and 31 May 2014

16,915

DEPRECIATION

At 1 June 2013

and 31 May 2014

16,913

NET BOOK VALUE

At 31 May 2014

2

At 31 May 2013

2

6.

DEBTORS

2014

2013

£

£

Amounts falling due within one year:

Trade debtors

250,134

22,533

Other debtors

53,036

53,843

303,170

76,376

Amounts falling due after more than one year:

Other debtors

13,259

13,259

Aggregate amounts

316,429

89,635

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade creditors

417,187

182,966

Taxation and social security

30,599

15,516

Other creditors

32,022

32,022

479,808

230,504

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Profit

and loss

account

£

At 1 June 2013

313

Profit for the year

69,993

Dividends

(48,850

)

At 31 May 2014

21,456

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

2014

2013

£

£

K A Rodger

Balance outstanding at start of year

53,034

725

Amounts advanced

-

53,034

Amounts repaid

-

(725

)

Balance outstanding at end of year

53,034

53,034