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Registration number: 05158505

DHM Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

DHM Consultancy Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

DHM Consultancy Limited

Company Information

Directors

Mr P H Richards

Mr M E R Llewellyn

Mrs S C Llewellyn

Company secretary

Mr M E R Llewellyn

Registered office

Highdale House 7 Centre Court
Main Avenue
Pontypridd
Rhondda Cynon Taff
CF37 5YR

 

DHM Consultancy Limited

(Registration number: 05158505)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

1,224,008

560,096

Cash at bank and in hand

 

1,245,856

1,461,289

 

2,469,864

2,021,385

Creditors: Amounts falling due within one year

5

(311,010)

(310,730)

Net assets

 

2,158,854

1,710,655

Capital and reserves

 

Called up share capital

6

3

3

Retained earnings

2,158,851

1,710,652

Shareholders' funds

 

2,158,854

1,710,655

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 6 October 2023 and signed on its behalf by:
 

.........................................
Mr M E R Llewellyn
Company secretary and director

 

DHM Consultancy Limited

Statement of Changes in Equity for the Year Ended 28 February 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

3

1,710,652

1,710,655

Profit for the year

-

712,715

712,715

Dividends

-

(264,516)

(264,516)

At 28 February 2023

3

2,158,851

2,158,854

Share capital
£

Retained earnings
£

Total
£

At 1 March 2021

3

1,638,371

1,638,374

Profit for the year

-

706,510

706,510

Dividends

-

(634,229)

(634,229)

At 28 February 2022

3

1,710,652

1,710,655

 

DHM Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Highdale House 7 Centre Court
Main Avenue
Pontypridd
Rhondda Cynon Taff
CF37 5YR

The principal place of business is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

These financial statements were authorised for issue by the Board on 6 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured; and
it is probable that future economic benefits will flow to the entity.

Accrued income is accounted for when work has been done in the financial year but not yet invoiced. Deferred income is accounted for when sales invoices include periods after the financial year.

 

DHM Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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.

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 used in the computation of taxable profit. The carrying amount of deferred tax 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Debtors

Current

2023
£

2022
£

Trade debtors

1,222,872

559,000

Prepayments

1,136

1,096

 

1,224,008

560,096

 

DHM Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

307,337

290,545

Accruals and deferred income

2,069

18,605

Other creditors

1,604

1,580

311,010

310,730

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

1

1

1

1

 

3

3

3

3

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

35,376

15,760

Other transactions with directors

Dividends of £161,811 (2022: £571,524) were paid to directors during the year.

Summary of transactions with entities with joint control or significant interest

Dividends of £102,705 (2022: £62,705) were paid during the year to owners holding a participating interest in the company.