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REGISTERED NUMBER: 05694577 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Dekko Projects Ltd

Dekko Projects Ltd (Registered number: 05694577)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dekko Projects Ltd

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R E R Coldwell
S T Gomes





REGISTERED OFFICE: 5 Willis Street
Newton Leys
Milton Keynes
Buckinghamshire
MK3 5RE





REGISTERED NUMBER: 05694577 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Dekko Projects Ltd (Registered number: 05694577)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,069 80,847

CURRENT ASSETS
Stocks 500 500
Debtors 5 210,100 122,579
Cash at bank and in hand 122,303 156,444
332,903 279,523
CREDITORS
Amounts falling due within one year 6 218,325 160,102
NET CURRENT ASSETS 114,578 119,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,647

200,268

CREDITORS
Amounts falling due after more than one
year

7

(53,478

)

(118,644

)

PROVISIONS FOR LIABILITIES (20,302 ) (14,460 )
NET ASSETS 121,867 67,164

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 121,857 67,154
SHAREHOLDERS' FUNDS 121,867 67,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Dekko Projects Ltd (Registered number: 05694577)

Balance Sheet - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





R E R Coldwell - Director


Dekko Projects Ltd (Registered number: 05694577)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Dekko Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Dekko Projects Ltd (Registered number: 05694577)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Dekko Projects Ltd (Registered number: 05694577)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 25,199 2,237 160,745 188,181
Additions - - 33,396 33,396
At 29 February 2024 25,199 2,237 194,141 221,577
DEPRECIATION
At 1 March 2023 25,199 1,887 80,248 107,334
Charge for year - 350 32,824 33,174
At 29 February 2024 25,199 2,237 113,072 140,508
NET BOOK VALUE
At 29 February 2024 - - 81,069 81,069
At 28 February 2023 - 350 80,497 80,847

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 125,901
Additions 33,396
At 29 February 2024 159,297
DEPRECIATION
At 1 March 2023 58,401
Charge for year 26,326
At 29 February 2024 84,727
NET BOOK VALUE
At 29 February 2024 74,570
At 28 February 2023 67,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,861 75,001
Other debtors 83,239 47,578
210,100 122,579

Dekko Projects Ltd (Registered number: 05694577)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 71,966 77,497
Hire purchase contracts and finance leases (see note 9)
16,042

15,369
Trade creditors 69,462 32,698
Taxation and social security 47,643 30,430
Other creditors 13,212 4,108
218,325 160,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 12,924 84,848
Hire purchase contracts and finance leases (see note 9)
40,554

33,796
53,478 118,644

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 71,966 77,497

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,445 71,917

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,479 12,931

Loan balances outstanding as at the balance sheet date are unsecured and are guaranteed by the UK government.

Dekko Projects Ltd (Registered number: 05694577)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Gross obligations repayable:
Within one year 13,984 13,332 5,198 5,198
Between one and five years 27,352 15,956 16,573 21,771
41,336 29,288 21,771 26,969

Finance charges repayable:
Within one year 1,810 1,480 1,330 1,681
Between one and five years 1,763 993 1,608 2,938
3,573 2,473 2,938 4,619

Net obligations repayable:
Within one year 12,174 11,852 3,868 3,517
Between one and five years 25,589 14,963 14,965 18,833
37,763 26,815 18,833 22,350

Non-cancellable operating leases
2024 2023
£    £   
Within one year 5,198 -
Between one and five years 17,440 -
22,638 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year 28,981 -
Amounts advanced - 29,679
Amounts repaid (135 ) (698 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,846 28,981

All transactions are interest free and all balances are repayable on demand.