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COMPANY REGISTRATION NUMBER: 05697900
D & K Home Improvements Limited
Filleted Unaudited Financial Statements
31 January 2025
D & K Home Improvements Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
6,598
8,348
Current assets
Debtors
6
1,951
6,305
Cash at bank and in hand
25,602
29,120
--------
--------
27,553
35,425
Creditors: amounts falling due within one year
7
17,070
18,611
--------
--------
Net current assets
10,483
16,814
--------
--------
Total assets less current liabilities
17,081
25,162
--------
--------
Net assets
17,081
25,162
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,981
25,062
--------
--------
Shareholders funds
17,081
25,162
--------
--------
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 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
D & K Home Improvements Limited
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:
Mr D Small
Director
Company registration number: 05697900
D & K Home Improvements Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gwylfa, Ruthin Road, Minera, Wrexham, LL11 3UT.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
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.
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:
Plant and Machinery
-
25% reducing balance
Fixtures and Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
990
754
29,495
31,239
Additions
450
450
-------
----
--------
--------
At 31 January 2025
1,440
754
29,495
31,689
-------
----
--------
--------
Depreciation
At 1 February 2024
326
516
22,049
22,891
Charge for the year
279
60
1,861
2,200
-------
----
--------
--------
At 31 January 2025
605
576
23,910
25,091
-------
----
--------
--------
Carrying amount
At 31 January 2025
835
178
5,585
6,598
-------
----
--------
--------
At 31 January 2024
664
238
7,446
8,348
-------
----
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
4,414
Other debtors
1,951
1,891
-------
-------
1,951
6,305
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,751
3,297
Social security and other taxes
6,914
5,863
Other creditors
4,405
9,451
--------
--------
17,070
18,611
--------
--------
8. Director's advances, credits and guarantees
The director operated a loan account with the company. At the beginning of the period the balance was £3,888 in credit (2024: £12,060 in credit) and at the end of the period was £2,431 in credit (2024 £3,888 in credit). The loan is interest free and repayable upon demand.