2023-04-01 2024-03-31 false Capium Accounts Production 1.1 11280299 bus:AbridgedAccounts 2023-04-01 2024-03-31 11280299 bus:FRS102 2023-04-01 2024-03-31 11280299 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11280299 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11280299 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11280299 2023-04-01 2024-03-31 11280299 2024-03-31 11280299 bus:RegisteredOffice 2023-04-01 2024-03-31 11280299 core:WithinOneYear 2024-03-31 11280299 core:AfterOneYear 2024-03-31 11280299 bus:Director1 2023-04-01 2024-03-31 11280299 bus:Director1 2024-03-31 11280299 bus:Director1 2022-04-01 2023-03-31 11280299 2022-04-01 11280299 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 11280299 2022-04-01 2023-03-31 11280299 2023-03-31 11280299 core:WithinOneYear 2023-03-31 11280299 core:AfterOneYear 2023-03-31 11280299 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 11280299 core:FurnitureFittings 2023-04-01 2024-03-31 11280299 core:FurnitureFittings 2024-03-31 11280299 core:FurnitureFittings 2023-03-31 11280299 core:ComputerEquipment 2023-04-01 2024-03-31 11280299 core:ComputerEquipment 2024-03-31 11280299 core:ComputerEquipment 2023-03-31 11280299 core:MotorCars 2023-04-01 2024-03-31 11280299 core:MotorCars 2024-03-31 11280299 core:MotorCars 2023-03-31 11280299 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 11280299 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 11280299 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 11280299 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11280299 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 11280299 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 11280299 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 11280299 core:Non-currentFinancialInstruments 2024-03-31 11280299 core:Non-currentFinancialInstruments 2023-03-31 11280299 core:ShareCapital 2024-03-31 11280299 core:ShareCapital 2023-03-31 11280299 core:RetainedEarningsAccumulatedLosses 2024-03-31 11280299 core:RetainedEarningsAccumulatedLosses 2023-03-31 11280299 dpl:Item1 2023-04-01 11280299 dpl:Item1 2024-03-31 11280299 dpl:Item1 2022-04-01 11280299 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11280299
England and Wales

 

 

 

DP FINANCIAL SOLUTIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 61,015    73,750 
61,015    73,750 
Current assets      
Cash at bank and in hand 29,986    41,931 
Creditors: amount falling due within one year (40,590)   (43,801)
Net current assets (10,604)   (1,870)
 
Total assets less current liabilities 50,411    71,880 
Creditors: amount falling due after more than one year (31,010)   (37,856)
Provisions for liabilities (996)   (1,033)
Net assets 18,405    32,991 
 

Capital and reserves
     
Called up share capital 101    101 
Profit and loss account 18,304    32,890 
Shareholders' funds 18,405    32,991 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 August 2024 and were signed by:


-------------------------------
David Andrew Philpott
Director
1
General Information
DP Financial Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11280299, registration address 15 Bloomsfield, Burwell, Cambridge, CB25 0RA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 years Straight Line
Improvements to property 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Motor Vehicles   Improvements to property   Total
  £   £   £   £   £
At 01 April 2023 1,811    3,959    59,060    23,375    88,205 
Additions   687        687 
Disposals (222)   (1,580)       (1,802)
At 31 March 2024 1,589    3,066    59,060    23,375    87,090 
Depreciation
At 01 April 2023 802    2,457    8,859    2,337    14,455 
Charge for year 229    812    10,040    2,104    13,185 
On disposals (129)   (1,436)       (1,565)
At 31 March 2024 902    1,833    18,899    4,441    26,075 
Net book values
Closing balance as at 31 March 2024 687    1,233    40,161    18,934    61,015 
Opening balance as at 01 April 2023 1,009    1,502    50,201    21,038    73,750 

The net book value of Motor Vehicles includes £ 40,161 (2023 £50,201) in respect of assets leased under finance leases or hire purchase contracts.

2