2023-04-012024-03-312024-03-31false09887424D.K.P. MECHANICAL SERVICES LIMITED2024-11-30iso4217:GBPxbrli:pure098874242023-04-01098874242024-03-31098874242023-04-012024-03-31098874242022-04-01098874242023-03-31098874242022-04-012023-03-3109887424bus:SmallEntities2023-04-012024-03-3109887424bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109887424bus:FullAccounts2023-04-012024-03-3109887424bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109887424core:WithinOneYear2024-03-3109887424core:AfterOneYear2024-03-3109887424core:WithinOneYear2023-03-3109887424core:AfterOneYear2023-03-3109887424core:ShareCapital2024-03-3109887424core:SharePremium2024-03-3109887424core:RevaluationReserve2024-03-3109887424core:OtherReservesSubtotal2024-03-3109887424core:RetainedEarningsAccumulatedLosses2024-03-3109887424core:ShareCapital2023-03-3109887424core:SharePremium2023-03-3109887424core:RevaluationReserve2023-03-3109887424core:OtherReservesSubtotal2023-03-3109887424core:RetainedEarningsAccumulatedLosses2023-03-3109887424core:LandBuildings2024-03-3109887424core:PlantMachinery2024-03-3109887424core:Vehicles2024-03-3109887424core:FurnitureFittings2024-03-3109887424core:OfficeEquipment2024-03-3109887424core:NetGoodwill2024-03-3109887424core:IntangibleAssetsOtherThanGoodwill2024-03-3109887424core:ListedExchangeTraded2024-03-3109887424core:UnlistedNon-exchangeTraded2024-03-3109887424core:LandBuildings2023-03-3109887424core:PlantMachinery2023-03-3109887424core:Vehicles2023-03-3109887424core:FurnitureFittings2023-03-3109887424core:OfficeEquipment2023-03-3109887424core:NetGoodwill2023-03-3109887424core:IntangibleAssetsOtherThanGoodwill2023-03-3109887424core:ListedExchangeTraded2023-03-3109887424core:UnlistedNon-exchangeTraded2023-03-3109887424core:LandBuildings2023-04-012024-03-3109887424core:PlantMachinery2023-04-012024-03-3109887424core:Vehicles2023-04-012024-03-3109887424core:FurnitureFittings2023-04-012024-03-3109887424core:OfficeEquipment2023-04-012024-03-3109887424core:NetGoodwill2023-04-012024-03-3109887424core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109887424core:ListedExchangeTraded2023-04-012024-03-3109887424core:UnlistedNon-exchangeTraded2023-04-012024-03-3109887424core:MoreThanFiveYears2023-04-012024-03-3109887424core:Non-currentFinancialInstruments2024-03-3109887424core:Non-currentFinancialInstruments2023-03-3109887424dpl:CostSales2023-04-012024-03-3109887424dpl:DistributionCosts2023-04-012024-03-3109887424core:LandBuildings2023-04-012024-03-3109887424core:PlantMachinery2023-04-012024-03-3109887424core:Vehicles2023-04-012024-03-3109887424core:FurnitureFittings2023-04-012024-03-3109887424core:OfficeEquipment2023-04-012024-03-3109887424dpl:AdministrativeExpenses2023-04-012024-03-3109887424core:NetGoodwill2023-04-012024-03-3109887424core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109887424dpl:GroupUndertakings2023-04-012024-03-3109887424dpl:ParticipatingInterests2023-04-012024-03-3109887424dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109887424core:ListedExchangeTraded2023-04-012024-03-3109887424dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109887424core:UnlistedNon-exchangeTraded2023-04-012024-03-3109887424dpl:CostSales2022-04-012023-03-3109887424dpl:DistributionCosts2022-04-012023-03-3109887424core:LandBuildings2022-04-012023-03-3109887424core:PlantMachinery2022-04-012023-03-3109887424core:Vehicles2022-04-012023-03-3109887424core:FurnitureFittings2022-04-012023-03-3109887424core:OfficeEquipment2022-04-012023-03-3109887424dpl:AdministrativeExpenses2022-04-012023-03-3109887424core:NetGoodwill2022-04-012023-03-3109887424core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109887424dpl:GroupUndertakings2022-04-012023-03-3109887424dpl:ParticipatingInterests2022-04-012023-03-3109887424dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109887424core:ListedExchangeTraded2022-04-012023-03-3109887424dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109887424core:UnlistedNon-exchangeTraded2022-04-012023-03-3109887424core:NetGoodwill2024-03-3109887424core:IntangibleAssetsOtherThanGoodwill2024-03-3109887424core:LandBuildings2024-03-3109887424core:PlantMachinery2024-03-3109887424core:Vehicles2024-03-3109887424core:FurnitureFittings2024-03-3109887424core:OfficeEquipment2024-03-3109887424core:AfterOneYear2024-03-3109887424core:WithinOneYear2024-03-3109887424core:ListedExchangeTraded2024-03-3109887424core:UnlistedNon-exchangeTraded2024-03-3109887424core:ShareCapital2024-03-3109887424core:SharePremium2024-03-3109887424core:RevaluationReserve2024-03-3109887424core:OtherReservesSubtotal2024-03-3109887424core:RetainedEarningsAccumulatedLosses2024-03-3109887424core:NetGoodwill2023-03-3109887424core:IntangibleAssetsOtherThanGoodwill2023-03-3109887424core:LandBuildings2023-03-3109887424core:PlantMachinery2023-03-3109887424core:Vehicles2023-03-3109887424core:FurnitureFittings2023-03-3109887424core:OfficeEquipment2023-03-3109887424core:AfterOneYear2023-03-3109887424core:WithinOneYear2023-03-3109887424core:ListedExch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D.K.P. MECHANICAL SERVICES LIMITED

Registered Number
09887424
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

D.K.P. MECHANICAL SERVICES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

DALEY, Ann
DALEY, David Lawrence

Company Secretary

DALEY, Ann

Registered Address

Unit 99 Springvale Industrial Estate
Cwmbran
NP44 5BH

Registered Number

09887424 (England and Wales)
D.K.P. MECHANICAL SERVICES LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4138,233166,526
138,233166,526
Current assets
Stocks55,8505,850
Debtors6259,567208,433
Cash at bank and on hand153,310190
418,727214,473
Creditors amounts falling due within one year7(333,325)(147,275)
Net current assets (liabilities)85,40267,198
Total assets less current liabilities223,635233,724
Creditors amounts falling due after one year8(64,150)(58,256)
Provisions for liabilities(35,000)(32,000)
Net assets124,485143,468
Capital and reserves
Called up share capital3030
Profit and loss account124,455143,438
Shareholders' funds124,485143,468
The financial statements were approved and authorised for issue by the Board of Directors on 30 November 2024, and are signed on its behalf by:
DALEY, Ann
Director
Registered Company No. 09887424
D.K.P. MECHANICAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year77
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 23268,01372,4414,105344,559
Additions6,37234,500-40,872
Disposals(3,250)--(3,250)
At 31 March 24271,135106,9414,105382,181
Depreciation and impairment
At 01 April 23126,14149,4142,478178,033
Charge for year51,10415,57795367,634
On disposals(1,719)--(1,719)
At 31 March 24175,52664,9913,431243,948
Net book value
At 31 March 2495,60941,950674138,233
At 31 March 23141,87223,0271,627166,526
5.Stocks

2024

2023

££
Work in progress4,0004,000
Other stocks1,8501,850
Total5,8505,850
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables259,567208,432
Other debtors-1
Total259,567208,433
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables110,57092,299
Bank borrowings and overdrafts10,40413,095
Taxation and social security96,76829,443
Finance lease and HP contracts24,770165
Other creditors87,9989,458
Accrued liabilities and deferred income2,8152,815
Total333,325147,275
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts64,15058,256
Total64,15058,256
9.Financial instruments
The carrying amount for each category of financial instrument is as follows: Financial assets measured at fair value through profit or loss to 31 March 2024 - £418,071 (2023 - £215,848). Financial liabilities measured at fair value through profit or loss to 31 March 2024 - £295,398 (2023 - £168,863).
10.Operating lease commitments
As at 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £24,446 (2023 – £24,623).
11.Directors advances, credits and guarantees
The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end, the amount outstanding to the director was £116 (2023: £375); this amount being included in creditors: amounts falling within one year.