12 false false false false false false false false false false true false false false false true false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 750,000 400,000 350,000 350,000 xbrli:pure xbrli:shares iso4217:GBP 6780221 2023-04-01 2024-03-31 6780221 2024-03-31 6780221 2023-03-31 6780221 2022-04-01 2023-03-31 6780221 2023-03-31 6780221 2022-03-31 6780221 core:NetGoodwill 2023-04-01 2024-03-31 6780221 core:PlantMachinery 2023-04-01 2024-03-31 6780221 core:FurnitureFittings 2023-04-01 2024-03-31 6780221 bus:Director2 2023-04-01 2024-03-31 6780221 core:WithinOneYear 2024-03-31 6780221 core:WithinOneYear 2023-03-31 6780221 core:NetGoodwill 2024-03-31 6780221 core:LandBuildings 2023-03-31 6780221 core:PlantMachinery 2023-03-31 6780221 core:FurnitureFittings 2023-03-31 6780221 core:LandBuildings 2024-03-31 6780221 core:PlantMachinery 2024-03-31 6780221 core:FurnitureFittings 2024-03-31 6780221 core:LandBuildings 2023-04-01 2024-03-31 6780221 core:ShareCapital 2024-03-31 6780221 core:ShareCapital 2023-03-31 6780221 core:SharePremium 2024-03-31 6780221 core:SharePremium 2023-03-31 6780221 core:RetainedEarningsAccumulatedLosses 2024-03-31 6780221 core:RetainedEarningsAccumulatedLosses 2023-03-31 6780221 core:NetGoodwill 2023-03-31 6780221 core:LandBuildings 2023-03-31 6780221 core:PlantMachinery 2023-03-31 6780221 core:FurnitureFittings 2023-03-31 6780221 bus:Director1 2023-04-01 2024-03-31 6780221 bus:SmallEntities 2023-04-01 2024-03-31 6780221 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 6780221 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6780221 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6780221 bus:FullAccounts 2023-04-01 2024-03-31 6780221 core:OfficeEquipment 2023-04-01 2024-03-31 6780221 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 6780221 core:OfficeEquipment 2023-03-31 6780221 core:OtherPropertyPlantEquipment 2023-03-31 6780221 core:OfficeEquipment 2024-03-31 6780221 core:OtherPropertyPlantEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 6780221
DKP CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
DKP CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
350,000
350,000
Tangible assets
6
703,771
404,167
-------------
----------
1,053,771
754,167
CURRENT ASSETS
Stocks and work in progress
59,877
32,936
Debtors
7
538,688
590,201
Cash at bank and in hand
131,983
305,369
----------
----------
730,548
928,506
CREDITORS: amounts falling due within one year
8
250,583
282,974
----------
----------
NET CURRENT ASSETS
479,965
645,532
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,533,736
1,399,699
PROVISIONS
Taxation including deferred tax
11,699
7,172
-------------
-------------
NET ASSETS
1,522,037
1,392,527
-------------
-------------
DKP CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
125
125
Share premium account
119,975
119,975
Profit and loss account
1,401,937
1,272,427
-------------
-------------
SHAREHOLDERS FUNDS
1,522,037
1,392,527
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 November 2024 , and are signed on behalf of the board by:
Mr R M Webster
Director
Company registration number: 6780221
DKP CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55-57 Burn Bridge Road, Harrogate, HG3 1PB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. (c) Current and deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. (d) Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis . (e) Goodwill Postive goodwill arising on acquistion is capitalised and carried as an asset on the balance sheet.
(f) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
16% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(g) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(h) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computers
-
25% straight line
Fixtures and fittings
-
10% reducing balance
Office equipment
-
15% reducing balance
Investment property fixtures
-
10% straight line
(i) Stock and work in progress
Stocks are measured at the lower of cost and net realisable value. Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress
(j) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(k) Financial instruments
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 entity after deducting all of its financial liabilities.
(l) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 12 (2023: 12 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
750,000
----------
Amortisation
At 1 April 2023 and 31 March 2024
400,000
----------
Carrying amount
At 31 March 2024
350,000
----------
At 31 March 2023
350,000
----------
6. TANGIBLE ASSETS
Investment property
Computers
Fixtures and fittings
Office equipment
Investment property fixtures
Total
£
£
£
£
£
£
Cost
At 1 Apr 2023
363,595
49,561
25,026
11,550
20,905
470,637
Additions
291,068
7,965
1,728
14,699
315,460
Disposals
( 6,396)
( 6,396)
----------
--------
--------
--------
--------
----------
At 31 Mar 2024
654,663
51,130
26,754
11,550
35,604
779,701
----------
--------
--------
--------
--------
----------
Depreciation
At 1 Apr 2023
30,417
21,073
10,590
4,390
66,470
Charge for the year
8,023
568
143
7,122
15,856
Disposals
( 6,396)
( 6,396)
----------
--------
--------
--------
--------
----------
At 31 Mar 2024
32,044
21,641
10,733
11,512
75,930
----------
--------
--------
--------
--------
----------
Carrying amount
At 31 Mar 2024
654,663
19,086
5,113
817
24,092
703,771
----------
--------
--------
--------
--------
----------
At 31 Mar 2023
363,595
19,144
3,953
960
16,515
404,167
----------
--------
--------
--------
--------
----------
7. DEBTORS
2024
2023
£
£
Trade debtors
316,504
397,026
Amounts owed by group undertakings and undertakings in which the company has a participating interest
185,810
171,410
Other debtors
36,374
21,765
----------
----------
538,688
590,201
----------
----------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
30,732
22,717
Accruals and deferred income
36,579
22,595
Corporation tax
74,977
96,364
Social security and other taxes
107,976
139,024
Directors loan - RMW
319
2,274
----------
----------
250,583
282,974
----------
----------
9. RELATED PARTY TRANSACTIONS
The company was under the control of DKP Holdings limited, the ultimate holding company registered in England and Wales. The dividends voted during the year were £84,250 (2023: £105,000).