Company Registration No. 10432918 (England and Wales)
DKB Accountancy & Taxation Ltd
Unaudited accounts
for the year ended 31 March 2025
DKB Accountancy & Taxation Ltd
Unaudited accounts
Contents
DKB Accountancy & Taxation Ltd
Company Information
for the year ended 31 March 2025
Director
David Ian Keighley
Company Number
10432918 (England and Wales)
Registered Office
12 Blackbrook Drive
Lodge Moor
Sheffield
South Yorkshire
S10 4LS
United Kingdom
DKB Accountancy & Taxation Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
14,437
983
Creditors: amounts falling due within one year
(33,292)
(26,455)
Net current liabilities
(5,135)
(3,308)
Total assets less current liabilities
(4,493)
(1,582)
Creditors: amounts falling due after more than one year
-
(1,148)
Net liabilities
(4,493)
(2,730)
Called up share capital
1
1
Profit and loss account
(4,494)
(2,731)
Shareholders' funds
(4,493)
(2,730)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2026 and were signed on its behalf by
David Ian Keighley
Director
Company Registration No. 10432918
DKB Accountancy & Taxation Ltd
Notes to the Accounts
for the year ended 31 March 2025
DKB Accountancy & Taxation Ltd is a private company, limited by shares, registered in England and Wales, registration number 10432918. The registered office is 12 Blackbrook Drive, Lodge Moor, Sheffield, South Yorkshire, S10 4LS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% - reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
DKB Accountancy & Taxation Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Computer equipment
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Work in progress
8,584
18,584
Amounts falling due within one year
Accrued income and prepayments
-
403
DKB Accountancy & Taxation Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,148
222
Obligations under finance leases and hire purchase contracts
-
70
Taxes and social security
1,691
3,650
Loans from directors
30,453
22,396
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Transactions with related parties
At the year-end, a balance of £30,453 (2024: £22,396 included in Loans From Directors was owed to key management personnel as a result of financing provided to the company by the related parties.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).