Registered number
04496020
DP & K Rhodes Limited
Unaudited Filleted Accounts
30 September 2024
DP & K Rhodes Limited
Registered number: 04496020
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,756 1,741
Current assets
Stocks 29,010 30,280
Debtors 5 99,777 88,999
Cash at bank and in hand 52,296 37,867
181,083 157,146
Creditors: amounts falling due within one year 6 (140,346) (135,201)
Net current assets 40,737 21,945
Total assets less current liabilities 42,493 23,686
Provisions for liabilities (334) (331)
Net assets 42,159 23,355
Capital and reserves
Called up share capital 2 2
Profit and loss account 42,157 23,353
Shareholders' funds 42,159 23,355
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.
A. Sheth
Director
Approved by the board on 17 January 2025
DP & K Rhodes Limited
Notes to the Accounts
for the year ended 30 September 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 240,000
At 30 September 2024 240,000
Amortisation
At 1 October 2023 240,000
At 30 September 2024 240,000
Net book value
At 30 September 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 16 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 48,994
Additions 600
At 30 September 2024 49,594
Depreciation
At 1 October 2023 47,253
Charge for the year 585
At 30 September 2024 47,838
Net book value
At 30 September 2024 1,756
At 30 September 2023 1,741
5 Debtors 2024 2023
£ £
Trade debtors 86,628 68,455
Other debtors 13,149 20,544
99,777 88,999
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 115,355 108,533
Taxation and social security costs 5,175 2,720
Other creditors 19,816 23,948
140,346 135,201
7 Controlling party
The parent company of DP & K Rhodes Ltd is DPK Holdings Limited and its registered address is 26 Ashley Lane, Hordle, Lymington, Hampshire, SO41 0GA.
8 Other information
DP & K Rhodes Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Ashley Lane
Hordle
Lymington
Hampshire
SO41 0GA
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