Registered number
07447004
DKB Despatch Limited
Unaudited Filleted Accounts
for the year ended 30 November 2023
DKB Despatch Limited
Registered number: 07447004
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,340 21,025
Current assets
Cash at bank and in hand 17,918 18,942
Creditors: amounts falling due within one year 4 (4,320) (5,261)
Net current assets 13,598 13,681
Total assets less current liabilities 33,938 34,706
Creditors: amounts falling due after more than one year 5 (38,333) (43,333)
Net liabilities (4,395) (8,627)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,396) (8,628)
Shareholder's funds (4,395) (8,627)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Medford
Director
Approved by the board on 25 August 2024
DKB Despatch Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture, fixture & equipment 20% reducing balance
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Furniture, fixture & equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2022 4,932 44,283 49,215
Additions - 4,400 4,400
At 30 November 2023 4,932 48,683 53,615
Depreciation
At 1 December 2022 3,193 24,997 28,190
Charge for the year 348 4,737 5,085
At 30 November 2023 3,541 29,734 33,275
Net book value
At 30 November 2023 1,391 18,949 20,340
At 30 November 2022 1,739 19,286 21,025
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,224 5,250
Other creditors 96 11
4,320 5,261
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,333 43,333
6 Other information
DKB Despatch Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 Avondale Avenue
London
Herts
England
EN4 8ND
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