Registered number
07944841
D.K.R. Partnerships Ltd
Filleted Accounts
28 February 2023
D.K.R. Partnerships Ltd
Registered number: 07944841
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 43,526 60,622
Current assets
Debtors 4 27,414 31,534
Cash at bank and in hand 30,804 25,457
58,218 56,991
Creditors: amounts falling due within one year 5 (20,821) (3,769)
Net current assets 37,397 53,222
Total assets less current liabilities 80,923 113,844
Creditors: amounts falling due after more than one year 6 (75,171) (89,423)
Net assets 5,752 24,421
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,652 24,321
Shareholders' funds 5,752 24,421
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kiranjit Kaur
Director
Approved by the board on 31 October 2023
D.K.R. Partnerships Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover represents the value of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 280 67,711 67,991
At 28 February 2023 280 67,711 67,991
Depreciation
At 1 March 2022 112 7,257 7,369
Charge for the year 168 16,928 17,096
At 28 February 2023 280 24,185 24,465
Net book value
At 28 February 2023 - 43,526 43,526
At 28 February 2022 168 60,454 60,622
4 Debtors 2023 2022
£ £
Deferred tax asset 2,863 325
Other debtors 24,551 31,209
27,414 31,534
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 9,719 9,719
Taxation and social security costs - 2,263
Other creditors 11,102 (8,213)
20,821 3,769
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 41,204 46,759
Obligations under finance lease and hire purchase contracts 33,967 42,664
75,171 89,423
7 Other information
D.K.R. Partnerships Ltd is a private company limited by shares and incorporated in England. Its registered office is:
44-45 Calthorpe Road
Edgbaston
Birmingham
B15 1TH
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