Registered number
07214119
DJK Projects Ltd
Filleted Accounts
30 April 2024
DJK Projects Ltd
Registered number: 07214119
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56,055 18,930
Current assets
Debtors 4 25,484 61,900
Cash at bank and in hand 67,500 4,404
92,984 66,304
Creditors: amounts falling due within one year 5 (37,687) (21,847)
Net current assets 55,297 44,457
Total assets less current liabilities 111,352 63,387
Creditors: amounts falling due after more than one year 6 (76,962) (34,361)
Net assets 34,390 29,026
Capital and reserves
Called up share capital 102 102
Profit and loss account 34,288 28,924
Shareholders' funds 34,390 29,026
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
D J King
Director
Approved by the board on 31 August 2024
DJK Projects Ltd
Notes to the Accounts
for the year ended 30 April 2024
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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 4 years
Fixtures and fittings over 4 years
Motor vehicles over 4 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant & machinery Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 - 6,520 36,395 42,915
Additions 14,000 - 48,123 62,123
At 30 April 2024 14,000 6,520 84,518 105,038
Depreciation
At 1 May 2023 - 5,790 18,195 23,985
Charge for the year 3,500 365 21,133 24,998
At 30 April 2024 3,500 6,155 39,328 48,983
Net book value
At 30 April 2024 10,500 365 45,190 56,055
At 30 April 2023 - 730 18,200 18,930
4 Debtors 2024 2023
£ £
Trade debtors 15,213 13,885
Other debtors 10,271 48,015
25,484 61,900
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 10,454
Trade creditors 8,256 -
Taxation and social security costs 16,069 8,393
Other creditors 13,362 3,000
37,687 21,847
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,917 17,917
Obligations under finance lease and hire purchase contracts 11,922 16,444
Other creditors 47,123 -
76,962 34,361
7 Controlling party
The company is controlled by D J King.
8 Other information
DJK Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
DJK Projects Ltd 07214119 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 D J King No description of principal activity 07214119 2022-05-01 2023-04-30 07214119 core:WithinOneYear 2023-04-30 07214119 core:AfterOneYear 2023-04-30 07214119 core:ShareCapital 2023-04-30 07214119 core:RetainedEarningsAccumulatedLosses 2023-04-30 07214119 2023-05-01 2024-04-30 07214119 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07214119 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07214119 bus:Director40 2023-05-01 2024-04-30 07214119 1 2023-05-01 2024-04-30 07214119 2 2023-05-01 2024-04-30 07214119 core:LandBuildings 2023-05-01 2024-04-30 07214119 core:PlantMachinery 2023-05-01 2024-04-30 07214119 core:Vehicles 2023-05-01 2024-04-30 07214119 countries:England 2023-05-01 2024-04-30 07214119 bus:FRS102 2023-05-01 2024-04-30 07214119 bus:FilletedAccounts 2023-05-01 2024-04-30 07214119 2024-04-30 07214119 core:WithinOneYear 2024-04-30 07214119 core:AfterOneYear 2024-04-30 07214119 core:ShareCapital 2024-04-30 07214119 core:RetainedEarningsAccumulatedLosses 2024-04-30 07214119 core:LandBuildings 2024-04-30 07214119 core:PlantMachinery 2024-04-30 07214119 core:Vehicles 2024-04-30 07214119 2023-04-30 07214119 core:LandBuildings 2023-04-30 07214119 core:PlantMachinery 2023-04-30 07214119 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure