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
DP Network Limited
Company Information
for the year ended 29 February 2024
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
DP Network Limited
Statement of financial position
as at 29 February 2024
Tangible assets
5,100
6,375
Cash at bank and in hand
28,268
23,284
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)
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
DP Network Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 29 February 2024
3,157
1,943
5,100
At 28 February 2023
3,946
2,429
6,375
DP Network Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
4,125
22,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,188
7,456
Trade creditors
6,000
2,112
Taxes and social security
717
1,164
Other creditors
3,537
1,811
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
12,824
7,325
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).