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REGISTERED NUMBER: 01571542 (England and Wales)












DKT ARTWORKS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






DKT ARTWORKS LIMITED (REGISTERED NUMBER: 01571542)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DKT ARTWORKS LIMITED

Company Information
for the Year Ended 31 March 2023







Directors: S P C Trowbridge
S L Keeling
T Chierici
P M V Barbier





Registered office: 24 Grange Mills
Weir Road
London
SW12 0NE





Registered number: 01571542 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

DKT ARTWORKS LIMITED (REGISTERED NUMBER: 01571542)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 37,554 42,646

Current assets
Stocks 97,664 94,959
Debtors 5 688,233 1,003,116
Cash at bank and in hand 369,553 536,684
1,155,450 1,634,759
Creditors
Amounts falling due within one year 6 808,986 1,066,505
Net current assets 346,464 568,254
Total assets less current liabilities 384,018 610,900

Creditors
Amounts falling due after more than one
year

7

278,353

400,105
Net assets 105,665 210,795

Capital and reserves
Called up share capital 100,000 100,000
Capital redemption reserve 3,000 3,000
Retained earnings 2,665 107,795
105,665 210,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





S P C Trowbridge - Director


DKT ARTWORKS LIMITED (REGISTERED NUMBER: 01571542)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

DKT Artworks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and over the period of the lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 38 (2022 - 38 ) .

DKT ARTWORKS LIMITED (REGISTERED NUMBER: 01571542)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 37,861 26,590 47,886 81,984 194,321
Additions 805 2,069 - 1,825 4,699
At 31 March 2023 38,666 28,659 47,886 83,809 199,020
Depreciation
At 1 April 2022 37,858 24,446 31,899 57,472 151,675
Charge for year 201 537 3,996 5,057 9,791
At 31 March 2023 38,059 24,983 35,895 62,529 161,466
Net book value
At 31 March 2023 607 3,676 11,991 21,280 37,554
At 31 March 2022 3 2,144 15,987 24,512 42,646

5. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors 128,454 485,982
Amounts owed by group undertakings 110,686 79,152
VAT - 8,021
Deferred tax asset 202,913 181,356
Prepayments and accrued income 246,180 248,605
688,233 1,003,116

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Hire purchase contracts 6,752 13,288
Trade creditors 76,195 90,065
Amounts owed to group undertakings 19,016 19,016
Social security and other taxes 63,998 54,131
Pension payable 12,816 14,490
VAT 44,971 -
Other creditors 10,784 (1,340 )
Directors' loan accounts 146,566 137,566
Accruals and deferred income 427,888 739,289
808,986 1,066,505

7. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Hire purchase contracts 2,658 9,410
Other creditors 14 14
Directors' loan accounts 275,681 390,681
278,353 400,105

DKT ARTWORKS LIMITED (REGISTERED NUMBER: 01571542)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. Going concern

The directors and management are not aware of any material uncertainties, which may cast doubt on the company's ability to continue as a going concern. The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation and the shareholders have expressed their continuing support for the company as at the balance sheet date and for the foreseeable future.