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REGISTERED NUMBER: 02506635 (England and Wales)















THE DTE PAYROLL AND TAX CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023






THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE DTE PAYROLL AND TAX CENTRE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023







DIRECTORS: G Lovell
R I Taylor
S D Heath
J R Beardmore





SECRETARY: R I Taylor





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN





REGISTERED NUMBER: 02506635 (England and Wales)






THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 7,910 8,837

CURRENT ASSETS
Inventories 451 396
Debtors 5 579,540 382,325
Cash at bank 45,274 124,345
625,265 507,066
CREDITORS
Amounts falling due within one year 6 (152,045 ) (138,628 )
NET CURRENT ASSETS 473,220 368,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,130

377,275

PROVISIONS FOR LIABILITIES (2,035 ) (2,035 )
NET ASSETS 479,095 375,240

CAPITAL AND RESERVES
Called up share capital 126 126
Share premium 5 5
Retained earnings 478,964 375,109
SHAREHOLDERS' FUNDS 479,095 375,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 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.

THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

STATEMENT OF FINANCIAL POSITION - continued
29 NOVEMBER 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 30 August 2024 and were signed on its behalf by:





R I Taylor - Director


THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


1. STATUTORY INFORMATION

DTE Payroll and Tax Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 02506635. The registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

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.

Despite the current challenges faced in the UK economy at the present time, the directors have been encouraged with the results reported by the company for the period ended 29 November 2023.

The company continues to manage working capital commitments and is able to pay debts as they fall due. Based on management's forecasts and projections, the directors are satisfied that the company has sufficient facilities to trade through the next twelve months and beyond.

Post period end management accounts, indicate the company continues to generate profits.

The directors have considered the business risks and believe that the company is well placed to manage these risks successfully, thus the going concern basis of accounting has been adopted in preparing these financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Making judgement based on knowledge of the customer on the level of provision required for any provision for bad debts. Further information received after the statement of financial position date may impact on the level of provision required.

Revenue
Revenue represents the aggregate of the fair value of the sales of professional services provided, net of value added tax, refunds and discounts. Services revenues are recognised as those services are provided to customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost represents the direct purchase price.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the period are charged in the income statement.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 14 ) .

THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 25,483
Additions 200
At 29 November 2023 25,683
DEPRECIATION
At 1 May 2023 16,646
Charge for period 1,127
At 29 November 2023 17,773
NET BOOK VALUE
At 29 November 2023 7,910
At 30 April 2023 8,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 149,701 150,481
Amounts owed by group undertakings 356,008 183,271
Other debtors 73,831 48,573
579,540 382,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 2,514 4,943
Taxation and social security 124,277 97,020
Other creditors 25,254 36,665
152,045 138,628

7. CONTINGENT LIABILITIES

In place during the period was a cross guarantee with DTE Business Advisers Limited in support of a joint bank overdraft facility. As at the statement of financial position date, the bank overdraft of that company amounted to £nil (as at 30 April 2023 - £334,288).

8. SUBSEQUENT EVENTS

On 30 November 2023, the entire share capital of the ultimate parent company, DTE Business Advisers Group Limited was acquired by DJH Mitten Clarke Group Limited.