Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs K Lewis 14/11/2016 Ms K Lewis 18 September 2024 The principal activity of the Company during the financial year was that of temporary and permanent employment agency activities. 10476027 2023-12-31 10476027 bus:Director1 2023-12-31 10476027 2022-12-31 10476027 core:CurrentFinancialInstruments 2023-12-31 10476027 core:CurrentFinancialInstruments 2022-12-31 10476027 core:Non-currentFinancialInstruments 2023-12-31 10476027 core:Non-currentFinancialInstruments 2022-12-31 10476027 core:ShareCapital 2023-12-31 10476027 core:ShareCapital 2022-12-31 10476027 core:RetainedEarningsAccumulatedLosses 2023-12-31 10476027 core:RetainedEarningsAccumulatedLosses 2022-12-31 10476027 core:OfficeEquipment 2022-12-31 10476027 core:OfficeEquipment 2023-12-31 10476027 bus:OrdinaryShareClass1 2023-12-31 10476027 bus:OrdinaryShareClass2 2023-12-31 10476027 2023-01-01 2023-12-31 10476027 bus:FilletedAccounts 2023-01-01 2023-12-31 10476027 bus:SmallEntities 2023-01-01 2023-12-31 10476027 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10476027 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10476027 bus:Director1 2023-01-01 2023-12-31 10476027 bus:Director2 2023-01-01 2023-12-31 10476027 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 10476027 2022-01-01 2022-12-31 10476027 core:OfficeEquipment 2023-01-01 2023-12-31 10476027 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 10476027 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10476027 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 10476027 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 10476027 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 10476027 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10476027 (England and Wales)

DK RECRUITMENT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

DK RECRUITMENT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

DK RECRUITMENT LTD

BALANCE SHEET

As at 31 December 2023
DK RECRUITMENT LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 6,538 2,792
6,538 2,792
Current assets
Debtors 4 514,360 513,630
Cash at bank and in hand 73,255 263,582
587,615 777,212
Creditors: amounts falling due within one year 5 ( 229,615) ( 407,856)
Net current assets 358,000 369,356
Total assets less current liabilities 364,538 372,148
Creditors: amounts falling due after more than one year 6 ( 91,667) ( 141,667)
Provision for liabilities ( 1,336) ( 400)
Net assets 271,535 230,081
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 271,435 229,981
Total shareholders' funds 271,535 230,081

For the financial year ending 31 December 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 financial statements of DK Recruitment Ltd (registered number: 10476027) were approved and authorised for issue by the Director on 18 September 2024. They were signed on its behalf by:

Ms K Lewis
Director
DK RECRUITMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
DK RECRUITMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DK Recruitment Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 23 20

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 16,550 16,550
Additions 5,609 5,609
At 31 December 2023 22,159 22,159
Accumulated depreciation
At 01 January 2023 13,758 13,758
Charge for the financial year 1,863 1,863
At 31 December 2023 15,621 15,621
Net book value
At 31 December 2023 6,538 6,538
At 31 December 2022 2,792 2,792

4. Debtors

2023 2022
£ £
Trade debtors 416,877 477,644
Amounts owed by Group undertakings 13,488 14,573
Other debtors 83,995 21,413
514,360 513,630

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 50,000 50,000
Trade creditors 7,156 3,414
Taxation and social security 130,601 80,023
Other creditors 41,858 274,419
229,615 407,856

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 91,667 141,667

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each (2022: 60 shares of £ 1.00 each) 50 60
50 Ordinary B shares of £ 1.00 each (2022: 40 shares of £ 1.00 each) 50 40
100 100

8. Events after the Balance Sheet date

On 13 February 2024, subsequent to the company’s year end, the 50 £1 Ordinary A shares of the company owned by TQR Investments Ltd were transferred to Dinky Holdings Ltd. The Ultimate Parent Company is now Dinky Holdings Ltd by virtue of owning 100% of the company’s share capital, copies of the accounts for Dinky Holdings Ltd are available at Companies House, Crown Way, Cardiff, CF14 3UZ, The Ultimate Controlling Party is the Director Ms K Lewis.