DKR Management Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

2.1. Basis of Preparation of Financial Statements

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. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets consists of a web domain. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

No depreciation has been charged on Plant and Machinery or Motor Vehicles as these assets have appreciated in value during the period.

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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DKR Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at -a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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DKR Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.10. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.11. Cash at bank and in hand

Cash at bank and in hand 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2024: 23)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	357,663	40,000	397,663

As at 31 March 2025	357,663	40,000	397,663

Amortisation
As at 1 April 2024	139,793	-	139,793
Provided during the period	33,425	-	33,425

As at 31 March 2025	173,218	-	173,218

Net Book Value
As at 31 March 2025	184,445	40,000	224,445

As at 1 April 2024	217,870	40,000	257,870

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DKR Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	430,086	27,113	8,391	36,865	502,455
Additions	480,069	5,405	1,350	4,804	491,628
Disposals	(359,025 )	-	-	-	(359,025 )

As at 31 March 2025	551,130	32,518	9,741	41,669	635,058

Depreciation
As at 1 April 2024	-	12,051	2,834	24,089	38,974
Provided during the period	-	4,891	850	3,766	9,507

As at 31 March 2025	-	16,942	3,684	27,855	48,481

Net Book Value
As at 31 March 2025	551,130	15,576	6,057	13,814	586,577

As at 1 April 2024	430,086	15,062	5,557	12,776	463,481

6. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	95,000
Additions	5,000
Disposals	(2,000 )
Revaluations	18,000

As at 31 March 2025	116,000

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	116,000

As at 1 April 2024	95,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	243,571	299,651
Prepayments and accrued income	165,962	110,672
Other debtors	174,646	5,943
Deferred tax current asset	4,651	4,721

	588,830	420,987

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DKR Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	83,172	63,165
Trade creditors	41,355	36,718
Bank loans and overdrafts	59,360	79,337
Other taxes and social security	210,101	208,773
Other creditors	60,726	-
Pensions liability	1,521	1,424
Directors' loan accounts	12,431	60,330

	468,666	449,747

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	424,849	323,063
Bank loans	20,084	87,156

	444,933	410,219

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	119,580	94,480
Later than one year and not later than five years	481,298	361,972

	600,878	456,452
Less: Finance charges allocated to future periods	92,857	70,224

	508,021	386,228

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Reserves

	Revaluation Reserve	Fair Value Reserve
	£	£
As at 1 April 2024	27,009	45,974
Transfer to profit and loss	-	12,000

As at 31 March 2025	27,009	57,974

13. Related Party Transactions

At 31st March 2025 there were amounts owed to entities under common control of £45,876 (2024: Nil)

At 31st March 2025 there were amounts owed from entities under common control of £Nil (2024: £3,030)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		224,445		257,870
Tangible Assets	5		586,577		463,481
Investments	6		116,000		95,000

			927,022		816,351
CURRENT ASSETS
Debtors	7	588,830		420,987
Cash at bank and in hand		146,620		220,862

		735,450		641,849
Creditors: Amounts Falling Due Within One Year	8	(468,666 )		(449,747 )

NET CURRENT ASSETS (LIABILITIES)			266,784		192,102

TOTAL ASSETS LESS CURRENT LIABILITIES			1,193,806		1,008,453

Creditors: Amounts Falling Due After More Than One Year	9		(444,933 )		(410,219 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,192 )		(23,192 )

NET ASSETS			721,681		575,042

CAPITAL AND RESERVES
Called up share capital	11		100		100
Revaluation reserve	12		27,009		27,009
Fair value reserve	12		57,974		45,974
Profit and Loss Account			636,598		501,959

SHAREHOLDERS' FUNDS			721,681		575,042