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REGISTERED NUMBER: 05096969 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DDG PROFESSIONAL CONNECTIONS LIMITED

DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DDG PROFESSIONAL CONNECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr A Wilkinson
Mrs D A Wilkinson



SECRETARY: Mrs D A Wilkinson



REGISTERED OFFICE: Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



REGISTERED NUMBER: 05096969 (England and Wales)



ACCOUNTANTS: SMH Reed Smith Ltd
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
S75 3SP



BANKERS: Royal Bank of Scotland
Drummond House
175 Glasgow Road
Edinburgh
EH12 1HQ

DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 184,073 135,315
Investments 6 206,025 206,025
390,098 341,340

CURRENT ASSETS
Inventories 466 165,802
Debtors 7 1,770,412 2,047,032
Cash at bank 1,117,721 1,024,646
2,888,599 3,237,480
CREDITORS
Amounts falling due within one year 8 467,453 697,220
NET CURRENT ASSETS 2,421,146 2,540,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,811,244

2,881,600

PROVISIONS FOR LIABILITIES 46,018 33,829
NET ASSETS 2,765,226 2,847,771

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,765,224 2,847,769
SHAREHOLDERS' FUNDS 2,765,226 2,847,771

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 directors acknowledge their 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.

DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr A Wilkinson - Director


DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

DDG Professional Connections 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. ACCOUNTING POLICIES

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building - Straight line over 10 years and Straight line over 3 years
Plant and machinery etc - Straight line over 4 years, Straight line over 5 years and Straight line over 3 years

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 307
AMORTISATION
At 1 May 2023
and 30 April 2024 307
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
Building etc Totals
£    £    £   
COST
At 1 May 2023 22,734 222,643 245,377
Additions - 90,105 90,105
At 30 April 2024 22,734 312,748 335,482
DEPRECIATION
At 1 May 2023 22,734 87,328 110,062
Charge for year - 41,347 41,347
At 30 April 2024 22,734 128,675 151,409
NET BOOK VALUE
At 30 April 2024 - 184,073 184,073
At 30 April 2023 - 135,315 135,315

DDG PROFESSIONAL CONNECTIONS LIMITED (REGISTERED NUMBER: 05096969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 206,025
NET BOOK VALUE
At 30 April 2024 206,025
At 30 April 2023 206,025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 363,339 942,924
Other debtors 1,407,073 1,104,108
1,770,412 2,047,032

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 180,309 353,157
Taxation and social security 280,008 336,906
Other creditors 7,136 7,157
467,453 697,220

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr A Wilkinson and Mrs D A Wilkinson by virtue of their combined controlling shareholdings.