Company registration number 6129937 (England and Wales)
DR ACCOUNTANCY SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
DR ACCOUNTANCY SERVICES LIMITED
COMPANY INFORMATION
Directors
J A Childs
K M Huckle
C A Robinson
Secretary
J A Childs
Company number
6129937
Registered office
Stevendale House
Primett Road
Stevenage
Hertts
SG1 3EE
DR ACCOUNTANCY SERVICES LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 6
DR ACCOUNTANCY SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
- 1 -
The directors present their annual report and financial statements for the year ended 5 April 2024.
Principal activities
The principal activity of the company continued to be that of Accountancy Practice
Results and dividends
Ordinary dividends were paid amounting to £40,000..
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
J A Childs
K M Huckle
C A Robinson
Directors' interests
The directors' interests in the shares of the company were as stated below:
Ordinary of £1 each
5 April 2024
J A Childs
-
-
K M Huckle
-
-
C A Robinson
-
-
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
By order of the board
J A Childs
J A Childs
Secretary
Director
3 January 2025
DR ACCOUNTANCY SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
2024
£
Turnover
335,249
Cost of sales
(16,364)
Gross profit
318,885
Administrative expenses
(492,162)
Operating loss
(173,277)
Interest receivable and similar income
562
Loss before taxation
(172,715)
Tax on loss
Loss for the financial year
(172,715)
The profit and loss account has been prepared on the basis that all operations are continuing operations.
DR ACCOUNTANCY SERVICES LIMITED
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 3 -
2024
Notes
£
£
Fixed assets
Intangible assets
4
325,000
Tangible assets
5
1,087
326,087
Current assets
Debtors
6
31,142
Cash at bank and in hand
37,885
69,027
Creditors: amounts falling due within one year
7
(10,134)
Net current assets
58,893
Net assets
384,980
Capital and reserves
Called up share capital
100
Profit and loss reserves
384,880
Total equity
384,980
For the financial year ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 January 2025 and are signed on its behalf by:
J A Childs
Director
Company registration number 6129937 (England and Wales)
DR ACCOUNTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 4 -
1
Accounting policies
Company information
DR Accountancy Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stevendale House, Primett Road, Stevenage, Hertts, SG1 3EE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office equipment
25% reducing balance
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.
1.4
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 current liabilities.
DR ACCOUNTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 5 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
Number
Total
10
4
Intangible fixed assets
Spare Asset 1
£
Cost
At 6 April 2023 and 5 April 2024
650,000
Amortisation and impairment
At 6 April 2023 and 5 April 2024
325,000
Carrying amount
At 5 April 2024
325,000
Last year c/fwd cost
-
Differs from this year b/fwd by
650,000
Last year c/fwd depreciation
-
Differs from this year b/fwd by
325,000
DR ACCOUNTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 and 5 April 2024
32,897
Depreciation and impairment
At 6 April 2023
31,447
Depreciation charged in the year
363
At 5 April 2024
31,810
Carrying amount
At 5 April 2024
1,087
Last year c/fwd cost
-
Differs from this year b/fwd by
32,897
Last year c/fwd depreciation
-
Differs from this year b/fwd by
31,447
6
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
31,142
7
Creditors: amounts falling due within one year
2024
£
Taxation and social security
10,134