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REGISTERED NUMBER: 09306225 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DFK INTERNATIONAL

DFK INTERNATIONAL (REGISTERED NUMBER: 09306225)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DFK INTERNATIONAL

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: S R Bushell
Ms H Greenberg
N P Jacobs
F Nicolini
Ms C F Woolcock
W Wright



SECRETARY: Gravita Trustees Limited



REGISTERED OFFICE: 118 Pall Mall
London
United Kingdom
SW1Y 5EA



REGISTERED NUMBER: 09306225 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Spafford FCA FCCA



AUDITORS: Luckmans Duckett Parker Limited
110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
CV5 6UB

DFK INTERNATIONAL (REGISTERED NUMBER: 09306225)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,289 5,409

CURRENT ASSETS
Debtors 5 962,016 167,200
Cash at bank 673,670 344,780
1,635,686 511,980
CREDITORS
Amounts falling due within one year 6 1,130,754 106,507
NET CURRENT ASSETS 504,932 405,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,221

410,882

RESERVES
Other reserves 8 410,882 482,967
Income statement 8 96,339 (72,085 )
507,221 410,882

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 4 July 2024 and were signed on its behalf by:





S R Bushell - Director


DFK INTERNATIONAL (REGISTERED NUMBER: 09306225)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

DFK International is a private company, limited by guarantee , 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

It includes membership fees and levies charged to members, income from sponsorships and income from fees charged to members attending conferences. All turnover is raised from the members and there are no sales to persons or organisations outside the association.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 3 years

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

DFK INTERNATIONAL (REGISTERED NUMBER: 09306225)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 May 2023 19,684
Disposals (1,273 )
At 30 April 2024 18,411
DEPRECIATION
At 1 May 2023 14,275
Charge for year 2,660
Eliminated on disposal (813 )
At 30 April 2024 16,122
NET BOOK VALUE
At 30 April 2024 2,289
At 30 April 2023 5,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 877,975 46,605
Other debtors 84,041 120,595
962,016 167,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,523 52,001
Taxation and social security 15,746 7,314
Other creditors 1,080,485 47,192
1,130,754 106,507

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,204 18,774
Between one and five years - 20,507
3,204 39,281

DFK INTERNATIONAL (REGISTERED NUMBER: 09306225)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. RESERVES

Other reserves
Other reserves consist of the General Reserve, Working Capital Fund, EMEA Fund, Asia Pacific Fund and America Fund. Other than the General Reserve and Working Capital Fund the other funds are held to assist members from the specific areas work together.

Income statement
This represents the overall surplus/(deficit) of the worldwide organisation for the year.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the director and certain employees.The scheme and it's assets are held by independent managers.The pension charge represents contributions due from the company and amounted to £30,530 (2023 - £18,073). At the balance sheet date there was £3,289 (2023 - £nil) of contributions outstanding.

11. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

12. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.