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REGISTERED NUMBER: 07141287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Dyvik & Kahlen Ltd

Dyvik & Kahlen Ltd (Registered number: 07141287)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dyvik & Kahlen Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: C J Dyvik
M W Kahlen





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 07141287 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Dyvik & Kahlen Ltd (Registered number: 07141287)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 985 1,574

CURRENT ASSETS
Debtors 5 15,972 14,850
Cash at bank 1,244 9,542
17,216 24,392
CREDITORS
Amounts falling due within one year 6 4,245 5,322
NET CURRENT ASSETS 12,971 19,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,956

20,644

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 3,956 10,644
SHAREHOLDERS' FUNDS 13,956 20,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dyvik & Kahlen Ltd (Registered number: 07141287)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





C J Dyvik - Director


Dyvik & Kahlen Ltd (Registered number: 07141287)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Dyvik & Kahlen Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 High Street, Wheathampstead, Herts AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue comprises the fair value of goods and services supplied by the company, net of Value Added Tax having regard to the fulfilment of contractual obligations.

Tangible fixed assets and depreciation
Fixed assets are at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office Furniture and Equipment: 25% on cost
Website: 25% on cost

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

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 all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. 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.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Dyvik & Kahlen Ltd (Registered number: 07141287)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pensions
The company is to operate a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Equipment Website Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 36,339 3,000 39,339
DEPRECIATION
At 1 February 2022 34,765 3,000 37,765
Charge for year 589 - 589
At 31 January 2023 35,354 3,000 38,354
NET BOOK VALUE
At 31 January 2023 985 - 985
At 31 January 2022 1,574 - 1,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 300
Owed by directors 13,742 8,868
Accrued income - 4,900
Prepayments & Other Debtors 2,230 782
15,972 14,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 2,080 2,081
Social security and other taxes 1,130 1,855
Accruals 1,035 1,386
4,245 5,322

Dyvik & Kahlen Ltd (Registered number: 07141287)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

8. PENSION COMMITMENTS

The company is committed to operate a defined contribution pension scheme. The assets of the scheme are to be held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £Nil (2022 : £Nil) were due to the fund.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Debtors is £9,242 (2022 : £4,368) owed by director C J Dyvik and £4,500 (2022 : £4,500) owed by director M W Kahlen.