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REGISTERED NUMBER: 06873307 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DCN CORPORATION LIMITED

DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DCN CORPORATION LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: K K Patel





SECRETARY: K K Patel





REGISTERED OFFICE: 203 Kings Road
Hurst Cross
Ashton-Under-Lyne
OL6 9EE





REGISTERED NUMBER: 06873307 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 2,099 2,099
Tangible assets 6 472 -
2,571 2,099

CURRENT ASSETS
Debtors 7 344 427
Cash at bank 179 753
523 1,180
CREDITORS
Amounts falling due within one year 8 122,117 117,106
NET CURRENT LIABILITIES (121,594 ) (115,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(119,023

)

(113,827

)

CREDITORS
Amounts falling due after more than one
year

9

12,495

13,685
NET LIABILITIES (131,518 ) (127,512 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (131,519 ) (127,513 )
SHAREHOLDERS' FUNDS (131,518 ) (127,512 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)

BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 January 2025 and were signed by:





K K Patel - Director


DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

DCN Corporation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Domains are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic life. Impairment is only reviewed where cicumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Telecom equipment - 33% on cost
Computer equipment - 25% on cost

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Going concern
The financial statements have been prepared on a going concern basis which assumes that adequate working capital is available to enable the company to trade. The directors intend to continue to support the company and are also confident that they can raise outside finance.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. INTANGIBLE FIXED ASSETS
Patents
and
licences Domains Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,860 239 2,099
NET BOOK VALUE
At 30 April 2024 1,860 239 2,099
At 30 April 2023 1,860 239 2,099

6. TANGIBLE FIXED ASSETS
Telecom Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 1,221 1,008 2,229
Additions - 629 629
At 30 April 2024 1,221 1,637 2,858
DEPRECIATION
At 1 May 2023 1,221 1,008 2,229
Charge for year - 157 157
At 30 April 2024 1,221 1,165 2,386
NET BOOK VALUE
At 30 April 2024 - 472 472
At 30 April 2023 - - -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 344 427

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 122 157
Trade creditors 358 522
Other creditors 121,637 116,427
122,117 117,106

DCN CORPORATION LIMITED (REGISTERED NUMBER: 06873307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,495 13,685

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 122 157
Bank loans 12,495 13,685
12,617 13,842

11. RELATED PARTY DISCLOSURES

During the year the company received support from the director Mr K K Patel to the sum of £120,052 (2023:£115,022) and an interest free loan from the associated company DCN Corporation 2 Limited in the sum of £415.

12. ULTIMATE CONTROLLING PARTY

Control of the company is exercised by Mr Ketanbhai Kantubhai Patel who holds the only ordinary share in issue.