DTK Mortgage and Protection Limited 11153442 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is mortgage and protection advisory services. Digita Accounts Production Advanced 6.30.9574.0 true 11153442 2023-02-01 2024-01-31 11153442 2024-01-31 11153442 bus:OrdinaryShareClass1 2024-01-31 11153442 core:RetainedEarningsAccumulatedLosses 2024-01-31 11153442 core:ShareCapital 2024-01-31 11153442 core:CurrentFinancialInstruments 2024-01-31 11153442 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11153442 core:Non-currentFinancialInstruments 2024-01-31 11153442 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11153442 core:FurnitureFittingsToolsEquipment 2024-01-31 11153442 bus:SmallEntities 2023-02-01 2024-01-31 11153442 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11153442 bus:FilletedAccounts 2023-02-01 2024-01-31 11153442 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11153442 bus:RegisteredOffice 2023-02-01 2024-01-31 11153442 bus:Director1 2023-02-01 2024-01-31 11153442 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 11153442 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11153442 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 11153442 core:OfficeEquipment 2023-02-01 2024-01-31 11153442 countries:EnglandWales 2023-02-01 2024-01-31 11153442 2023-01-31 11153442 core:FurnitureFittingsToolsEquipment 2023-01-31 11153442 2022-02-01 2023-01-31 11153442 2023-01-31 11153442 bus:OrdinaryShareClass1 2023-01-31 11153442 core:RetainedEarningsAccumulatedLosses 2023-01-31 11153442 core:ShareCapital 2023-01-31 11153442 core:CurrentFinancialInstruments 2023-01-31 11153442 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11153442 core:Non-currentFinancialInstruments 2023-01-31 11153442 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11153442 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11153442

DTK Mortgage and Protection Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

DTK Mortgage and Protection Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

DTK Mortgage and Protection Limited

Registration number: 11153442

Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

225

450

Current assets

 

Debtors

5

-

11,151

Cash at bank and in hand

 

22,312

12,270

 

22,312

23,421

Creditors: Amounts falling due within one year

6

(14,210)

(12,980)

Net current assets

 

8,102

10,441

Total assets less current liabilities

 

8,327

10,891

Creditors: Amounts falling due after more than one year

6

(6,054)

(10,327)

Provisions for liabilities

(43)

(85)

Net assets

 

2,230

479

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

2,229

478

Shareholders' funds

 

2,230

479



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

DTK Mortgage and Protection Limited

Registration number: 11153442

Balance Sheet as at 31 January 2024 (continued)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2024
 

D T K Deering
Director

   
     

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Coronation Terrace
Attleborough Road
Caston
Attleborough
Norfolk
NR17 1DL
England

The principal place of business is:
8 Coronation Terrace
Attleborough Road
Caston
Attleborough
Norfolk
NR17 1DL
 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Straight line

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

899

899

At 31 January 2024

899

899

Depreciation

At 1 February 2023

449

449

Charge for the year

225

225

At 31 January 2024

674

674

Carrying amount

At 31 January 2024

225

225

At 31 January 2023

450

450

5

Debtors

Current

2024
£

2023
£

Prepayments

-

198

Other debtors

-

10,953

 

-

11,151

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

4,273

4,273

Trade creditors

 

-

467

Director's loan account

133

-

Taxation and social security

 

7,349

6,374

Other creditors

 

2,455

1,866

 

14,210

12,980

Due after one year

 

Loans and borrowings

8

6,054

10,327

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

6,054

10,327

 

DTK Mortgage and Protection Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

6,054

10,327

2024
£

2023
£

Current loans and borrowings

Bank borrowings

4,273

4,273