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Company Registration No. 10432918 (England and Wales)
DKB Accountancy & Taxation Ltd Unaudited accounts for the year ended 31 March 2023
DKB Accountancy & Taxation Ltd Unaudited accounts Contents
Page
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DKB Accountancy & Taxation Ltd Company Information for the year ended 31 March 2023
Director
D I Keighley
Company Number
10432918 (England and Wales)
Registered Office
12 Blackbrook Drive Lodge Moor Sheffield South Yorkshire S10 4LS United Kingdom
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DKB Accountancy & Taxation Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,700 
Tangible assets
2,802 
1,006 
2,802 
2,706 
Current assets
Inventories
19,476 
30,085 
Debtors
11,200 
11,923 
Cash at bank and in hand
1,632 
485 
32,308 
42,493 
Creditors: amounts falling due within one year
(24,550)
(34,784)
Net current assets
7,758 
7,709 
Total assets less current liabilities
10,560 
10,415 
Creditors: amounts falling due after more than one year
(1,433)
(1,859)
Provisions for liabilities
Deferred tax
(532)
(136)
Net assets
8,595 
8,420 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,594 
8,419 
Shareholders' funds
8,595 
8,420 
For the year ending 31 March 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.
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 6 March 2024 and were signed on its behalf by
D I Keighley Director Company Registration No. 10432918
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DKB Accountancy & Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
DKB Accountancy & Taxation Ltd is a private company, limited by shares, registered in England and Wales, registration number 10432918. The registered office is 12 Blackbrook Drive, Lodge Moor, Sheffield, South Yorkshire, S10 4LS, United Kingdom.
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.
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:
Computer equipment
33% - reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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DKB Accountancy & Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
8,500 
At 31 March 2023
8,500 
Amortisation
At 1 April 2022
6,800 
Charge for the year
1,700 
At 31 March 2023
8,500 
Net book value
At 31 March 2023
- 
At 31 March 2022
1,700 
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DKB Accountancy & Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
2,267 
Additions
2,447 
At 31 March 2023
4,714 
Depreciation
At 1 April 2022
1,261 
Charge for the year
651 
At 31 March 2023
1,912 
Net book value
At 31 March 2023
2,802 
At 31 March 2022
1,006 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Computer equipment
133 
199 
6
Inventories
2023 
2022 
£ 
£ 
Work in progress
19,476 
30,085 
19,476 
30,085 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,753 
11,923 
Accrued income and prepayments
1,447 
- 
11,200 
11,923 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
222 
222 
VAT
(714)
1,279 
Obligations under finance leases and hire purchase contracts
120 
97 
Trade creditors
657 
1,931 
Taxes and social security
3,650 
3,598 
Other creditors
- 
698 
Loans from directors
14,472 
19,689 
Accruals
6,143 
7,270 
24,550 
34,784 
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DKB Accountancy & Taxation Ltd Notes to the Accounts for the year ended 31 March 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,373 
1,648 
Obligations under finance leases and hire purchase contracts
60 
211 
1,433 
1,859 
Aggregate of amounts that fall due for payment after five years
482 
759 
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
532 
136 
2023 
2022 
£ 
£ 
Provision at start of year
136 
203 
Charged/(credited) to the profit and loss account
396 
(67)
Provision at end of year
532 
136 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
12
Transactions with related parties
At the year-end, a balance of £14,472 (2022: £19,689) included in Loans From Directors was owed to key management personnel as a result of financing provided to the company by the related parties.
13
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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