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Registration number: 08118849

D P Consultants Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

D P Consultants Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 14

 

D P Consultants Ltd

Company Information

Directors

Mr D Parry

Mrs S Belisario - Parry

Registered office

Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

Accountants

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

 

D P Consultants Ltd

Directors' Report for the Year Ended 30 June 2023

The directors present their report and the abridged financial statements for the year ended 30 June 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr D Parry

Mrs S Belisario - Parry

Principal activity

The principal activity of the company is Consultancy

Small companies provision statement

This report has 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.

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

.........................................
Mr D Parry
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
D P Consultants Ltd
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D P Consultants Ltd for the year ended 30 June 2023 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of D P Consultants Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of D P Consultants Ltd and state those matters that we have agreed to state to the Board of Directors of D P Consultants Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D P Consultants Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that D P Consultants Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D P Consultants Ltd. You consider that D P Consultants Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of D P Consultants Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Holberton & Co
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

6 November 2023

 

D P Consultants Ltd

Abridged Profit and Loss Account for the Year Ended 30 June 2023

Note

2023
£

2022
£

Gross profit

 

524,559

136,706

Administrative expenses

 

(200,113)

(39,547)

Interest payable and similar expenses

 

(662)

(276)

Profit before tax

4

323,784

96,883

Tax on profit

 

(59,208)

(18,652)

Profit for the financial year

 

264,576

78,231

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

D P Consultants Ltd

Statement of Comprehensive Income for the Year Ended 30 June 2023

2023
£

2022
£

Profit for the year

264,576

78,231

Total comprehensive income for the year

264,576

78,231

 

D P Consultants Ltd

(Registration number: 08118849)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

30,509

3,900

Current assets

 

Stocks

6

185,740

-

Debtors

7

12,207

41,590

Cash at bank and in hand

 

308,814

73,091

 

506,761

114,681

Prepayments and accrued income

 

4,400

-

Creditors: Amounts falling due within one year

(273,517)

(70,317)

Net current assets

 

237,644

44,364

Total assets less current liabilities

 

268,153

48,264

Creditors: Amounts falling due after more than one year

(17,070)

(23,917)

Accruals and deferred income

 

(25,170)

(1,010)

Net assets

 

225,913

23,337

Capital and reserves

 

Called up share capital

8

20

20

Retained earnings

225,893

23,317

Shareholders' funds

 

225,913

23,337

For the financial year ending 30 June 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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

 

D P Consultants Ltd

(Registration number: 08118849)
Abridged Balance Sheet as at 30 June 2023

.........................................
Mr D Parry
Director

.........................................
Mrs S Belisario - Parry
Director

 

D P Consultants Ltd

Statement of Changes in Equity for the Year Ended 30 June 2023

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

20

23,317

23,337

Profit for the year

-

264,576

264,576

Dividends

-

(62,000)

(62,000)

At 30 June 2023

20

225,893

225,913

Share capital
£

Retained earnings
£

Total
£

At 1 July 2021

20

11,086

11,106

Profit for the year

-

78,231

78,231

Dividends

-

(66,000)

(66,000)

At 30 June 2022

20

23,317

23,337

 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Nortonbury House
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB

The principal place of business is:
Orchard House
Gotherington Fields
Cheltenham
Gloucestershire
GL52 9SB

These financial statements were authorised for issue by the Board on 6 November 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 abridged 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 abridged 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.

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;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

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 assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Reducing balance

Motor vehicles

25% Reducing balance

Office equipment

25% Reducing balance

Plant and machinery

25% Reducing balance

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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 2 (2022 - 2).

 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,598

1,454

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

5,744

21,120

26,864

Additions

3,207

25,000

28,207

At 30 June 2023

8,951

46,120

55,071

Depreciation

At 1 July 2022

4,430

18,534

22,964

Charge for the year

430

1,168

1,598

At 30 June 2023

4,860

19,702

24,562

Carrying amount

At 30 June 2023

4,091

26,418

30,509

At 30 June 2022

1,314

2,586

3,900

6

Stocks

2023
£

2022
£

Work in progress

185,740

-

7

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

20

20

20

20

         
 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £3,100.00 (2022 - £3,300.00) per ordinary share

 

62,000

 

66,000

         

10

Related party transactions

 

D P Consultants Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

21,670

19,880

Contributions paid to money purchase schemes

149,000

9,000

170,670

28,880