4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 110,000 63,284 10,992 74,276 35,724 46,716 xbrli:pure xbrli:shares iso4217:GBP 09853795 2023-12-01 2024-11-30 09853795 2024-11-30 09853795 2023-11-30 09853795 2022-12-01 2023-11-30 09853795 2023-11-30 09853795 2022-11-30 09853795 core:NetGoodwill 2023-12-01 2024-11-30 09853795 core:FurnitureFittings 2023-12-01 2024-11-30 09853795 bus:Director3 2023-12-01 2024-11-30 09853795 bus:Director1 2023-12-01 2024-11-30 09853795 bus:Director2 2023-12-01 2024-11-30 09853795 core:NetGoodwill 2023-11-30 09853795 core:NetGoodwill 2024-11-30 09853795 core:FurnitureFittings 2023-11-30 09853795 core:LandBuildings 2024-11-30 09853795 core:FurnitureFittings 2024-11-30 09853795 core:AfterOneYear 2024-11-30 09853795 core:AfterOneYear 2023-11-30 09853795 core:WithinOneYear 2024-11-30 09853795 core:WithinOneYear 2023-11-30 09853795 core:ShareCapital 2024-11-30 09853795 core:ShareCapital 2023-11-30 09853795 core:RetainedEarningsAccumulatedLosses 2024-11-30 09853795 core:RetainedEarningsAccumulatedLosses 2023-11-30 09853795 core:NetGoodwill 2023-11-30 09853795 core:LandBuildings 2023-11-30 09853795 core:FurnitureFittings 2023-11-30 09853795 bus:Director1 2023-11-30 09853795 bus:Director1 2022-11-30 09853795 bus:Director2 2023-11-30 09853795 bus:SmallEntities 2023-12-01 2024-11-30 09853795 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09853795 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09853795 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09853795 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 09853795
DPA Trading (UK) Limited
Filleted Unaudited Financial Statements
30 November 2024
DPA Trading (UK) Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
35,724
46,716
Tangible assets
6
310,798
313,154
---------
---------
346,522
359,870
Current assets
Debtors
7
15,681
10,952
Cash at bank and in hand
48,266
18,929
--------
--------
63,947
29,881
Creditors: amounts falling due within one year
8
20,173
14,331
--------
--------
Net current assets
43,774
15,550
---------
---------
Total assets less current liabilities
390,296
375,420
Creditors: amounts falling due after more than one year
9
379,847
374,841
---------
---------
Net assets
10,449
579
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
10,349
479
--------
----
Shareholders funds
10,449
579
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DPA Trading (UK) Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 21 March 2025 , and are signed on behalf of the board by:
Mrs Modi
Director
Company registration number: 09853795
DPA Trading (UK) Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60-64 Manchester Road, Denton, Manchester, M34 3PR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Company meets its day to day capital requirements through cash generated from trading and its cash resources raised from investors. The Director believes that the Company has access to considerable financial resources and, as a consequence, believe that it is well places to manage its business risks successfully. The Company's forecasts and projections show that the Director has a reasonable expectation that the Company has sufficient resources to continue in existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Changes in formats
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. These financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS102") as issued in August 2014. The amendments to FRS 102 issued in July 2015 have been applied. The presentation currency of these financial statements is Sterling Pounds.
In the transition to section 1A of FRS from old UK GAAP, the Company has made no measurement and recognition adjustments.
Changes in accounting policies
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. These financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS102") as issued in August 2014. The amendments to FRS 102 issued in July 2015 have been applied. The presentation currency of these financial statements is Sterling Pounds. In the transition to section 1A of FRS from old UK GAAP, the Company has made no measurement and recognition adjustments.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill amortisation
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture and fittings
-
20% straight line
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
110,000
---------
Amortisation
At 1 December 2023
63,284
Charge for the year
10,992
---------
At 30 November 2024
74,276
---------
Carrying amount
At 30 November 2024
35,724
---------
At 30 November 2023
46,716
---------
6. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 December 2023 and 30 November 2024
307,000
19,356
2,283
328,639
---------
--------
-------
---------
Depreciation
At 1 December 2023
13,422
2,063
15,485
Charge for the year
2,136
220
2,356
---------
--------
-------
---------
At 30 November 2024
15,558
2,283
17,841
---------
--------
-------
---------
Carrying amount
At 30 November 2024
307,000
3,798
310,798
---------
--------
-------
---------
At 30 November 2023
307,000
5,934
220
313,154
---------
--------
-------
---------
7. Debtors
2024
2023
£
£
Trade debtors
15,430
10,952
Other debtors
251
--------
--------
15,681
10,952
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
269
165
Corporation tax
9,762
5,667
Social security and other taxes
6,164
2,172
Other creditors
3,978
6,327
--------
--------
20,173
14,331
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
183,197
203,118
Other creditors
196,650
171,723
---------
---------
379,847
374,841
---------
---------
10. Financial instruments
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions:
(a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and
(b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.
To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Mr S Modi
( 80,400)
( 171,723)
Mrs S Modi
( 111,250)
---------
---------
( 191,650)
( 171,723)
---------
---------
12. Related party transactions
The company was under the control of Mrs S Modi throughout the current and previous year. Mrs S Modi is the managing director and 50% shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.