1 August 2022 false No description of principal activity Taxfiler 2023.9.1 10874595business:PrivateLimitedCompanyLtd2022-08-012023-07-31 108745952022-07-31 108745952022-08-012023-07-31 10874595business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10874595business:AbridgedAccounts2022-08-012023-07-31 108745952023-07-31 10874595business:Director12022-08-012023-07-31 10874595business:RegisteredOffice2022-08-012023-07-31 108745952022-07-31 10874595core:WithinOneYear2023-07-31 10874595core:WithinOneYear2022-07-31 10874595core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10874595core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10874595core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10874595core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10874595core:PreviouslyStatedAmount2023-07-31 10874595core:PreviouslyStatedAmount2022-07-31 10874595business:SmallEntities2022-08-012023-07-31 10874595countries:EnglandWales2022-08-012023-07-31 10874595core:MotorVehicles2022-08-012023-07-31 10874595core:FurnitureFittings2022-08-012023-07-31 10874595core:ComputerEquipment2022-08-012023-07-31 10874595core:OtherPropertyPlantEquipment2022-08-012023-07-31 10874595business:OrdinaryShareClass12022-08-012023-07-31 10874595business:OrdinaryShareClass12021-08-012022-07-31 10874595core:BetweenOneFiveYears2023-07-31 10874595core:BetweenOneFiveYears2022-07-31 108745952021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10874595 (England and Wales)
The DPO Centre Ltd Filleted Abridged Accounts for the year ended 31 July 2023
The DPO Centre Ltd Filleted Abridged Accounts Contents
Page
- 2 -
The DPO Centre Ltd Company Information for the year ended 31 July 2023
Director
Mr Robert Masson
Company Number
10874595 (England and Wales)
Registered Office
THE SUFFOLK ENTERPRISE CENTRE 44 FELAW STREET IPSWICH SUFFOLK IP2 8SJ ENGLAND
Accountants
Caseron Cloud Accounting Ltd 7 Swallow Drive Stowmarket Suffolk IP14 5BY
- 3 -
The DPO Centre Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
216,843 
206,964 
Current assets
Debtors
870,108 
656,382 
Cash at bank and in hand
2,375,696 
1,656,212 
3,245,804 
2,312,594 
Creditors: amounts falling due within one year
(1,783,442)
(1,401,251)
Net current assets
1,462,362 
911,343 
Total assets less current liabilities
1,679,205 
1,118,307 
Provisions for liabilities
Deferred tax
(40,482)
(38,605)
Net assets
1,638,723 
1,079,702 
Capital and reserves
Called up share capital
18 
18 
Profit and loss account
1,638,705 
1,079,684 
Shareholders' funds
1,638,723 
1,079,702 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
Mr Robert Masson Director Company Registration No. 10874595
- 4 -
The DPO Centre Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
The DPO Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 10874595. The registered office is THE SUFFOLK ENTERPRISE CENTRE, 44 FELAW STREET, IPSWICH, SUFFOLK, IP2 8SJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10 year straight line
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
Other tangible fixed assets
5 year straight line
Interest income
Interest income is recognised using the effective interest method.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
- 5 -
The DPO Centre Ltd Notes to the Accounts for the year ended 31 July 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Interest Paid and Finance Costs
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
- 6 -
The DPO Centre Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
335,508 
Additions
93,719 
Disposals
(3,422)
At 31 July 2023
425,805 
Depreciation
At 1 August 2022
128,544 
Charge for the year
76,035 
On disposals
4,383 
At 31 July 2023
208,962 
Net book value
At 31 July 2023
216,843 
At 31 July 2022
206,964 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,800 Ordinary shares of £0.01 each
18 
18 
6
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
82,692 
18,070 
Later than one year and not later than five years
62,019 
- 
144,711 
18,070 
7
Average number of employees
During the year the average number of employees was 63 (2022: 42).
- 7 -