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COMPANY REGISTRATION NUMBER: 08335440
DNK (UK) Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2021
DNK (UK) Limited
Financial Statements
Year ended 31 December 2021
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 5
DNK (UK) Limited
Officers and Professional Advisers
DIRECTOR
D Griffin
REGISTERED OFFICE
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Barclays Bank Plc
41 High Street
St Neots
Cambs
PE19 1AS
DNK (UK) Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
Current assets
Stocks
1,500
1,500
Debtors
5
348
576
Cash at bank and in hand
2,955
2,342
-------
-------
4,803
4,418
Creditors: amounts falling due within one year
6
2,516
2,321
-------
-------
Net current assets
2,287
2,097
-------
-------
Total assets less current liabilities
2,287
2,097
-------
-------
Net assets
2,287
2,097
-------
-------
Capital and reserves
Called up share capital
12
12
Profit and loss account
2,275
2,085
-------
-------
Shareholders funds
2,287
2,097
-------
-------
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 December 2021 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 May 2022 , and are signed on behalf of the board by:
D Griffin
Director
Company registration number: 08335440
DNK (UK) Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The principal place of business is Centree House, Unit 6-8, Bicton Industrial Park, Kimbolton, Huntingdon, Cambridgeshire, PE28 0LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
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.
Going concern
The director assesses whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The director makes this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. During the year the UK has continued to experience a pandemic of the coronavirus, but the company has traded profitably throughout. The potential effects of the pandemic on the company and its future prospects cannot be fully quantified but the director remains committed to the protection of the business and the situation is being regularly reviewed. The director has concluded that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Revenue recognition
The turnover shown in the Statement of Income and Retailed Earnings represents goods and services supplied during the year, exclusive of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the Statement of Income and Retailed Earnings, 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Office equipment
-
33% straight line
Stocks
Goods for resale have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2021 and 31 December 2021
291
291
----
----
Depreciation
At 1 January 2021 and 31 December 2021
291
291
----
----
Carrying amount
At 31 December 2021
----
----
At 31 December 2020
----
----
5. Debtors
2021
2020
£
£
Trade debtors
348
576
----
----
6. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
120
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,844
1,844
Corporation tax
24
24
Social security and other taxes
528
428
Other creditors
25
-------
-------
2,516
2,321
-------
-------
7. Controlling party
The company's parent undertaking is C.O.I. Properties Limited, a company incorporated in England and Wales and whose Registered Office address is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.