General Information
DK83 Limited is a private company, limited by shares, registered in England and Wales, registration number 11907360, registration address C/O Burton Varley Ltd, Suite 3, 2nd Floor, Didsbury House, 748 - 754 Wilmslow Road, Manchester, M20 2DW.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
20% Reducing Balance
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
14,000 |
|
14,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
14,000 |
|
14,000 |
| Amortisation |
| At 01 April 2024 |
2,800 |
|
2,800 |
| Charge for year |
1,400 |
|
1,400 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
4,200 |
|
4,200 |
| Net book values |
| At 31 March 2025 |
9,800 |
|
9,800 |
| At 31 March 2024 |
11,200 |
|
11,200 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
- |
|
5,779 |
|
5,779 |
| Additions |
1,230 |
|
- |
|
1,230 |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
1,230 |
|
5,779 |
|
7,009 |
| Depreciation |
| At 01 April 2024 |
- |
|
2,458 |
|
2,458 |
| Charge for year |
41 |
|
664 |
|
705 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
41 |
|
3,122 |
|
3,163 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,189 |
|
2,657 |
|
3,846 |
| Opening balance as at 01 April 2024 |
- |
|
3,321 |
|
3,321 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
2
|