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REGISTERED NUMBER: 07772061 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D & A CONSULTANTS LTD

D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & A CONSULTANTS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr D Lofty
Mr A Lofty





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: The Lodge Studio
Copthorne Road
Croxley Green
Herts
WD3 4AQ





REGISTERED NUMBER: 07772061 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,034 102,795
84,034 102,795

CURRENT ASSETS
Debtors 6 174,564 540,770
Cash at bank and in hand 831,640 455,292
1,006,204 996,062
CREDITORS
Amounts falling due within one year 7 115,265 111,381
NET CURRENT ASSETS 890,939 884,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,973

987,476

CREDITORS
Amounts falling due after more than one
year

8

-

(28,334

)

PROVISIONS FOR LIABILITIES (21,009 ) (11,536 )
NET ASSETS 953,964 947,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 953,864 947,506
SHAREHOLDERS' FUNDS 953,964 947,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

BALANCE SHEET - continued
31 MARCH 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 11 November 2024 and were signed on its behalf by:





Mr A Lofty - Director


D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

D & A Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The Directors have considered all relevant matters and believe that the going concern basis continues to be appropriate when preparing these accounts.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets and goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.


D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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
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 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 132,000
AMORTISATION
At 1 April 2023
and 31 March 2024 132,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,006 129,820 67,811 210,637
Additions 4,496 35,500 4,847 44,843
Disposals (892 ) (48,500 ) - (49,392 )
At 31 March 2024 16,610 116,820 72,658 206,088
DEPRECIATION
At 1 April 2023 5,217 49,973 52,652 107,842
Charge for year 2,377 19,743 5,002 27,122
Eliminated on disposal (785 ) (12,125 ) - (12,910 )
At 31 March 2024 6,809 57,591 57,654 122,054
NET BOOK VALUE
At 31 March 2024 9,801 59,229 15,004 84,034
At 31 March 2023 7,789 79,847 15,159 102,795

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,417 69,477
Other debtors 57,666 412,491
Prepayments and accrued income 43,481 58,802
174,564 540,770

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 35,678 56,892
Corporation tax 24,390 -
Taxation and social security 14,331 1,567
VAT 37,139 39,189
Directors' current accounts 1,352 1,483
Accrued expenses 2,375 2,250
115,265 111,381

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 1-2 years - 20,000
Bank loans - 2-5 years - 8,334
- 28,334

D & A CONSULTANTS LTD (REGISTERED NUMBER: 07772061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,380 -
Between one and five years 10,220 -
14,600 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Reeds Court Limited
Common Directors
At the year end the company was owed £Nil (2023:£1,384) by Reeds Court Limited and this balance is included in other debtors.

Derek Lofty Properties Limited
Common Directors
During the financial year, transfers to Derek Lofty Properties Limited amounted to £Nil (2023:£Nil), transfers from Derek Lofty Properties Limited amounted to £358,684 (2023:£400,000). At the year end the company was owed £Nil (2023:£358,684) by Derek Lofty Properties Limited and this balance is included in other debtors.

At the year end the company was owed £4,860.60 (2023: £Nil) by Derek Lofty Properties Limited. This balance is included in trade debtors.

Derek Lofty Associates LLP
Common Directors / Designated Members
During the financial year, Derek Lofty Associates LLP charged the company rent of £20,520 (2023: £20,520). At the year end the company was owed £51,529 (2023:£46,286) by Derek Lofty Associates LLP and this balance is included in other debtors.

127 St Albans Road Limited
Common Directors
At the year end the company was owed £5,974 (2023: £5,974) by 127 St Albans Road Limited and this balance is included in other debtors.

11. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, Mr D F Lofty and Mr A Lofty by virtue of their shareholding