11 31/01/2024 2024-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05038618 2023-02-01 2024-01-31 05038618 2024-01-31 05038618 2023-01-31 05038618 2022-02-01 2023-01-31 05038618 2023-01-31 05038618 core:NetGoodwill 2023-02-01 2024-01-31 05038618 core:PlantMachinery 2023-02-01 2024-01-31 05038618 core:MotorVehicles 2023-02-01 2024-01-31 05038618 bus:Director1 2023-02-01 2024-01-31 05038618 bus:Director2 2023-02-01 2024-01-31 05038618 core:NetGoodwill 2024-01-31 05038618 core:PlantMachinery 2023-01-31 05038618 core:MotorVehicles 2023-01-31 05038618 core:PlantMachinery 2024-01-31 05038618 core:MotorVehicles 2024-01-31 05038618 core:WithinOneYear 2024-01-31 05038618 core:WithinOneYear 2023-01-31 05038618 core:ShareCapital 2024-01-31 05038618 core:ShareCapital 2023-01-31 05038618 core:SharePremium 2024-01-31 05038618 core:SharePremium 2023-01-31 05038618 core:RetainedEarningsAccumulatedLosses 2024-01-31 05038618 core:RetainedEarningsAccumulatedLosses 2023-01-31 05038618 core:NetGoodwill 2023-01-31 05038618 core:PlantMachinery 2023-01-31 05038618 core:MotorVehicles 2023-01-31 05038618 bus:Director2 2023-01-31 05038618 bus:Director2 2023-01-31 05038618 bus:Director2 2022-02-01 2023-01-31 05038618 bus:SmallEntities 2023-02-01 2024-01-31 05038618 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05038618 bus:FullAccounts 2023-02-01 2024-01-31 05038618 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05038618 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Company registration number: 05038618
DK ASSEMBLIES LIMITED
UNAUDITED FILLETED ENTITY ACCOUNTS
31 January 2024
DK ASSEMBLIES LIMITED
BALANCE SHEET
31ST JANUARY 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 55,515 57,802
_______ _______
55,515 57,802
Current assets
Stocks 172,961 114,999
Debtors 7 67,636 195,518
Cash at bank and in hand 337,945 316,605
_______ _______
578,542 627,122
Creditors: amounts falling due
within one year 8 ( 34,124) ( 80,431)
_______ _______
Net current assets 544,418 546,691
_______ _______
Total assets less current liabilities 599,933 604,493
Provisions for liabilities ( 10,548) ( 10,982)
Accruals and deferred income ( 20,539) ( 20,382)
_______ _______
Net assets 568,846 573,129
_______ _______
Capital and reserves
Called up share capital 4 4
Share premium account 1 1
Profit and loss account 568,841 573,124
_______ _______
Shareholders funds 568,846 573,129
_______ _______
For the year ending 31 January 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 March 2024 , and are signed on behalf of the board by:
Mr RR Kenway Mr MD Kenway
Director Director
Company registration number: 05038618
DK ASSEMBLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST JANUARY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Corbin Way, Gorecross Business Park, Bridport, Dorset, DT6 3UX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st February 2023 and 31st January 2024 16,000 16,000
_______ _______
Amortisation
At 1st February 2023 and 31st January 2024 16,000 16,000
_______ _______
Carrying amount
At 31st January 2024 - -
_______ _______
At 31st January 2023 - -
_______ _______
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1st February 2023 114,662 24,800 139,462
Additions 15,227 - 15,227
_______ _______ _______
At 31st January 2024 129,889 24,800 154,689
_______ _______ _______
Depreciation
At 1st February 2023 79,935 1,725 81,660
Charge for the year 11,746 5,768 17,514
_______ _______ _______
At 31st January 2024 91,681 7,493 99,174
_______ _______ _______
Carrying amount
At 31st January 2024 38,208 17,307 55,515
_______ _______ _______
At 31st January 2023 34,727 23,075 57,802
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 65,674 173,378
Other debtors 1,962 22,140
_______ _______
67,636 195,518
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 759 410
Corporation tax 22,465 54,201
Social security and other taxes 10,900 25,820
_______ _______
34,124 80,431
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr MD Kenway 20,058 - ( 20,058) -
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr MD Kenway - 20,058 - 20,058
_______ _______ _______ _______