Registered number
10099385
DKC Electrical Services Ltd
Filleted Accounts
30 April 2024
DKC Electrical Services Ltd
Registered number: 10099385
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 113,377 15,781
Current assets
Debtors 4 256,945 222,175
Cash at bank and in hand 350,664 299,487
607,609 521,662
Creditors: amounts falling due within one year 5 (291,598) (211,200)
Net current assets 316,011 310,462
Total assets less current liabilities 429,388 326,243
Creditors: amounts falling due after more than one year 6 (44,756) (20,833)
Provisions for liabilities (28,344) (3,659)
Net assets 356,288 301,751
Capital and reserves
Called up share capital 1 1
Profit and loss account 356,287 301,750
Shareholders' funds 356,288 301,751
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Coombs
Director
Approved by the board on 30 September 2024
DKC Electrical Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 11,039 23,999 35,038
Additions 1,086 124,855 125,941
At 30 April 2024 12,125 148,854 160,979
Depreciation
At 1 May 2023 9,657 9,600 19,257
Charge for the year 494 27,851 28,345
At 30 April 2024 10,151 37,451 47,602
Net book value
At 30 April 2024 1,974 111,403 113,377
At 30 April 2023 1,382 14,399 15,781
4 Debtors 2024 2023
£ £
Trade debtors 256,945 140,618
Director's loan - 60,977
Other debtors - 20,580
256,945 222,175
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 2,426 -
Trade creditors 25,290 54,309
Taxation and social security costs 146,887 144,991
Other creditors 106,995 1,900
291,598 211,200
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,833 20,833
Obligations under finance lease and hire purchase contracts 33,923 -
44,756 20,833
7 Controlling party
The controlling party are the directors' who are the majority shareholders.
8 Other information
DKC Electrical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Stone Close
Wellingborough
Northants
NN8 4HD
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