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Company registration number: 05120444
DPP Enterprises Limited
Unaudited filleted financial statements
30 April 2023
Dickson Middleton
Chartered Accountants
www.dicksonmiddleton.co.uk
A member firm of the UK 200 Group
DPP Enterprises Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
DPP Enterprises Limited
Directors and other information
Director Darren Price
Company number 05120444
Registered office 20 Oakleaf Drive
Polegate
BN26 6PY
Accountants Dickson Middleton
20 Barnton Street
Stirling
FK8 1NE
DPP Enterprises Limited
Report to the director on the preparation of the
unaudited statutory financial statements of DPP Enterprises Limited
Year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DPP Enterprises Limited for the year ended 30 April 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of DPP Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of DPP Enterprises Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPP Enterprises Limited and its director as a body for our work or for this report.
It is your duty to ensure that DPP Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DPP Enterprises Limited. You consider that DPP Enterprises Limited 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 financial statements of DPP Enterprises Limited. 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 financial statements.
Dickson Middleton
Chartered Accountants
20 Barnton Street
Stirling
FK8 1NE
12 April 2024
DPP Enterprises Limited
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 13,462 20,193
_______ _______
13,462 20,193
Current assets
Debtors 6 132,029 35,009
Cash at bank and in hand - 44,025
_______ _______
132,029 79,034
Creditors: amounts falling due
within one year 7 ( 50,148) ( 32,964)
_______ _______
Net current assets 81,881 46,070
_______ _______
Total assets less current liabilities 95,343 66,263
Creditors: amounts falling due
after more than one year 8 ( 18,603) ( 30,898)
_______ _______
Net assets 76,740 35,365
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 76,640 35,265
_______ _______
Shareholders funds 76,740 35,365
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 April 2024 , and are signed on behalf of the board by:
Darren Price
Director
Company registration number: 05120444
DPP Enterprises Limited
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is DPP Enterprises Limited, 20 Oakleaf Drive, Polegate, BN26 6PY.
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. 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 services rendered, net of discounts and Value Added Tax.
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.
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:
Fittings fixtures and equipment - 4 % straight line
Motor vehicles - 4 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.The company holds basic financial instruments, which comprise cash and cash equivalents, debtors and creditors. Cash and cash equivalents comprise cash in hand, deposits held with banks and other short-term highly liquid investments with original maturities of three months or less. Debtors are initially recognised at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of impairment. At the end of each reporting year, the company assesses whether there is objective evidence that any fiancial asset amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all the amounts due according to the original terms of the financial assets. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows. The amount of the provision is recognised immediately in the statement of income and retained earnings. Creditors are initially measured at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2022 and 30 April 2023 11,128 24,000 35,128
_______ _______ _______
Depreciation
At 1 May 2022 8,935 6,000 14,935
Charge for the year 731 6,000 6,731
_______ _______ _______
At 30 April 2023 9,666 12,000 21,666
_______ _______ _______
Carrying amount
At 30 April 2023 1,462 12,000 13,462
_______ _______ _______
At 30 April 2022 2,193 18,000 20,193
_______ _______ _______
6. Debtors
2023 2022
£ £
Other debtors 132,029 35,009
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 6,093 5,190
Corporation tax 26,000 9,442
Social security and other taxes 10,891 11,150
Other creditors 7,164 7,182
_______ _______
50,148 32,964
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 9,872 16,003
Other creditors 8,731 14,895
_______ _______
18,603 30,898
_______ _______
9. Called up share capital
Authorised share capital
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______