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Company No: 05444259 (England and Wales)

DFR CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

DFR CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

DFR CONSULTANCY LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
DFR CONSULTANCY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTOR Kieran Francis O'Connor
REGISTERED OFFICE C/O Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
COMPANY NUMBER 05444259 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
DFR CONSULTANCY LIMITED

BALANCE SHEET

As at 31 May 2024
DFR CONSULTANCY LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 194 528
194 528
Current assets
Debtors 4 78,007 78,737
Cash at bank and in hand 581 860
78,588 79,597
Creditors: amounts falling due within one year 5 ( 73,261) ( 76,380)
Net current assets 5,327 3,217
Total assets less current liabilities 5,521 3,745
Net assets 5,521 3,745
Capital and reserves
Called-up share capital 6 11 11
Profit and loss account 5,510 3,734
Total shareholders' funds 5,521 3,745

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of DFR Consultancy Limited (registered number: 05444259) were approved and authorised for issue by the Director on 27 January 2025. They were signed on its behalf by:

Kieran Francis O'Connor
Director
DFR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
DFR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DFR Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Praxis, 1 Poultry, London, EC2R 8EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 2,785 2,785
At 31 May 2024 2,785 2,785
Accumulated depreciation
At 01 June 2023 2,257 2,257
Charge for the financial year 334 334
At 31 May 2024 2,591 2,591
Net book value
At 31 May 2024 194 194
At 31 May 2023 528 528

4. Debtors

2024 2023
£ £
Other debtors 78,007 78,737

Included in other debtors is an amount of £78,000 (2023: £78,000) owed by shareholders. The amounts owed are repayable on demand and bear no interest.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 4,466
Taxation and social security 495 0
Other creditors 72,766 71,914
73,261 76,380

There are no amounts included above in respect of which any security has been given by the small entity.

Included in other creditors is an amount of £66,116 (2023: £67,663) due to the director. The amounts owed to the director are repayable on demand and bear no interest.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
30 Ordinary A shares of £ 0.01 each 0.30 0.30
10 Ordinary B shares of £ 0.01 each 0.10 0.10
60 Ordinary C shares of £ 0.01 each 0.60 0.60
1,000 Ordinary shares of £ 0.01 each 10.00 10.00
11.00 11.00

7. Financial commitments

The Company had no material capital commitments at the year ended 31 May 2024.

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.