REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
DCN CORPORATION LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
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 |
Telecom equipment | - |
Computer equipment | - |
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 |
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 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
6. | TANGIBLE FIXED ASSETS |
Telecom | Computer |
equipment | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
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 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.24 | 30.4.23 |
£ | £ |
Bank overdrafts |
Bank loans |
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. |