DOK ENTERPRISES LIMITED
Registered number: 10170183
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91,545 88,094
91,545 88,094
Current assets
Stocks 84,000 145,000
Debtors 4 244,329 69,708
Cash at bank and in hand 117,887 195,911
446,216 410,619
Creditors: amounts falling due within one year 5 (83,370) (80,510)
Net current assets 362,846 330,109
Total assets less current liabilities 454,391 418,203
Creditors: amounts falling due after more than one year 6 (111,363) (110,636)
Provisions for liabilities (20,140) (19,381)
Net assets 322,888 288,186
Capital and reserves
Called up share capital 100 100
Profit and loss account 322,788 288,086
Shareholders' funds 322,888 288,186
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.
Mrs. Danielle O'Keeffe
Director
Approved by the board on 13 February 2025
DOK ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 May 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.
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:
Vehicles, computers over 4 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Vehicles Computers Total
£ £ £
Cost
At 1 June 2023 112,785 2,458 115,243
Additions 95,403 1,650 97,053
Disposals (112,785) - (112,785)
At 31 May 2024 95,403 4,108 99,511
Depreciation
At 1 June 2023 25,847 1,302 27,149
Charge for the year 29,459 702 30,161
On disposals (49,344) - (49,344)
At 31 May 2024 5,962 2,004 7,966
Net book value
At 31 May 2024 89,441 2,104 91,545
At 31 May 2023 86,938 1,156 88,094
4 Debtors 2024 2023
£ £
David O'Keeffe 122,096 30,171
Danielle O'Keeffe 122,139 39,411
Prepayments 94 126
244,329 69,708
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,383 10,791
Bank loans and overdrafts 6,354 6,199
Obligations under finance lease and hire purchase contracts 5,445 7,313
Corporation tax 43,948 28,818
VAT payable 26,236 27,377
Accruals 4 12
83,370 80,510
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,329 34,683
Obligations under finance lease and hire purchase contracts 83,034 75,953
111,363 110,636
11 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 10,322
6 Ultimate controlling party and related party transactions
The company was under the control of Mrs. Danielle O'Keeffe throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (effective January 2015), except for those disclosed below.
2024 2023
£ £
Equity dividends paid to Mrs. Danielle O'Keeffe 41,000 41,000
Balance owing (to) / from Mrs. Danielle O'Keeffe 122,139 39,411
Equity dividends paid to Mr. David O'Keeffe 42,000 41,000
Balance owing (to) / from Mr. David O'Keeffe 122,096 30,171
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
7 Other information
DOK ENTERPRISES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 152
Dorset House
Duke Street
Chelmsford
Essex CM1 1TB
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