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REGISTERED NUMBER: 08200122 (England and Wales)















D&K Pallets Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






D&K Pallets Limited (Registered number: 08200122)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D&K Pallets Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D L Brown
D A Brown





REGISTERED OFFICE: Red Doles Works
Red Doles Lane
Huddersfield
West Yorkshire
HD2 1YF





REGISTERED NUMBER: 08200122 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

D&K Pallets Limited (Registered number: 08200122)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 946,775 44,020

CURRENT ASSETS
Stocks 245,691 207,416
Debtors 5 335,227 331,586
Cash at bank 4,024 20,410
584,942 559,412
CREDITORS
Amounts falling due within one year 6 543,894 399,781
NET CURRENT ASSETS 41,048 159,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,823

203,651

CREDITORS
Amounts falling due after more than one year 7 (583,637 ) -

PROVISIONS FOR LIABILITIES (21,187 ) (8,364 )
NET ASSETS 382,999 195,287

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,899 195,187
SHAREHOLDERS' FUNDS 382,999 195,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

D&K Pallets Limited (Registered number: 08200122)

Balance Sheet - continued
30 September 2023


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 16 April 2024 and were signed on its behalf by:





D A Brown - Director


D&K Pallets Limited (Registered number: 08200122)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

D&K Pallets 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

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 11 (2022 - 9 ) .

D&K Pallets Limited (Registered number: 08200122)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 - 86,707 86,707
Additions 852,310 93,587 945,897
At 30 September 2023 852,310 180,294 1,032,604
DEPRECIATION
At 1 October 2022 - 42,687 42,687
Charge for year 17,046 26,096 43,142
At 30 September 2023 17,046 68,783 85,829
NET BOOK VALUE
At 30 September 2023 835,264 111,511 946,775
At 30 September 2022 - 44,020 44,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 315,430 319,017
Other debtors 19,797 12,569
335,227 331,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 131,627 3,953
Hire purchase contracts 6,417 -
Trade creditors 73,568 115,425
Taxation and social security 110,800 85,318
Other creditors 221,482 195,085
543,894 399,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 559,037 -
Hire purchase contracts 24,600 -
583,637 -

D&K Pallets Limited (Registered number: 08200122)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 509,231 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 31,017 -

The hire purchase was secured on the asset to which it relates.

The invoice discounting advances of £120,880, included within bank loans and overdrafts were secured over the trade debtors of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year, were loans from the directors of £215,437 (2022: £189,088). The loans were interest free, with no fixed date for repayment.