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Company Registration No. 11182238 (England and Wales)
DP Network Limited Unaudited accounts for the year ended 29 February 2024
DP Network Limited Unaudited accounts Contents
Page
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DP Network Limited Company Information for the year ended 29 February 2024
Director
Rameez Ali Bashi
Company Number
11182238 (England and Wales)
Registered Office
87A High street Bromsgrove B61 8AQ United Kingdom
Accountants
Equifin Accountancy Ltd 87 Kingshill drive Harrow Middlesex HA3 8QQ
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DP Network Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,100 
6,375 
Current assets
Inventories
12,520 
10,255 
Debtors
11,125 
29,000 
Cash at bank and in hand
28,268 
23,284 
51,913 
62,539 
Creditors: amounts falling due within one year
(25,002)
(14,856)
Net current assets
26,911 
47,683 
Total assets less current liabilities
32,011 
54,058 
Creditors: amounts falling due after more than one year
(24,554)
(31,974)
Net assets
7,457 
22,084 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,357 
21,984 
Shareholders' funds
7,457 
22,084 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2024 and were signed on its behalf by
Rameez Ali Bashi Director Company Registration No. 11182238
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DP Network Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DP Network Limited is a private company, limited by shares, registered in England and Wales, registration number 11182238. The registered office is 87A High street, Bromsgrove, B61 8AQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Government grants
Government grants in relation to JRS grants are credited to profit and loss account on accrual basis.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
6,166 
3,036 
9,202 
At 29 February 2024
6,166 
3,036 
9,202 
Depreciation
At 1 March 2023
2,220 
607 
2,827 
Charge for the year
789 
486 
1,275 
At 29 February 2024
3,009 
1,093 
4,102 
Net book value
At 29 February 2024
3,157 
1,943 
5,100 
At 28 February 2023
3,946 
2,429 
6,375 
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DP Network Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,125 
22,000 
Amounts falling due after more than one year
Other debtors
7,000 
7,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,188 
7,456 
VAT
560 
313 
Trade creditors
6,000 
2,112 
Taxes and social security
717 
1,164 
Other creditors
3,537 
1,811 
Accruals
4,000 
2,000 
25,002 
14,856 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,730 
24,649 
Loans from directors
12,824 
7,325 
24,554 
31,974 
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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