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Registration number: 05158505

DHM Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2018

 

DHM Consultancy Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 7

 

DHM Consultancy Limited

Company Information

Directors

Mr M E R Llewellyn

Mr P H Richards

Company secretary

Mr M E R Llewellyn

Registered office

Highdale House 7 Centre Court
Main Avenue
Pontypridd
Rhondda Cynon Taff
CF37 5YR

 

DHM Consultancy Limited

(Registration number: 05158505)
Balance Sheet as at 28 February 2018

Note

2018
£

2017
£

Current assets

 

Debtors

4

211,740

85,273

Cash at bank and in hand

 

599,301

542,784

 

811,041

628,057

Creditors: Amounts falling due within one year

5

(158,679)

(170,102)

Net assets

 

652,362

457,955

Capital and reserves

 

Called up share capital

6

3

3

Profit and loss account

652,359

457,952

Total equity

 

652,362

457,955

For the financial year ending 28 February 2018 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 17 October 2018 and signed on its behalf by:
 

.........................................

Mr M E R Llewellyn
Company secretary and director

 

DHM Consultancy Limited

Statement of Changes in Equity for the Year Ended 28 February 2018

Share capital
£

Profit and loss account
£

Total
£

At 1 March 2017

3

457,952

457,955

Profit for the year

-

378,136

378,136

Total comprehensive income

-

378,136

378,136

Dividends

-

(183,729)

(183,729)

At 28 February 2018

3

652,359

652,362

Share capital
£

Profit and loss account
£

Total
£

At 1 March 2016

3

250,661

250,664

Profit for the year

-

391,003

391,003

Total comprehensive income

-

391,003

391,003

Dividends

-

(183,712)

(183,712)

At 28 February 2017

3

457,952

457,955

 

DHM Consultancy Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Highdale House 7 Centre Court
Main Avenue
Pontypridd
Rhondda Cynon Taff
CF37 5YR

The principal place of business is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL

These financial statements were authorised for issue by the Board on 17 October 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured; and
it is probable that future economic benefits will flow to the entity.

Accrued income is accounted for when work has been done in the financial year but not yet invoiced. Deferred income is accounted for when sales invoices include periods after the financial year.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

DHM Consultancy Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all 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. The carrying amount of deferred tax 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2017 - 4).

4

Debtors

2018
£

2017
£

Trade debtors

85,000

85,000

Prepayments

1,304

-

Other debtors

125,436

273

211,740

85,273

Details of non-current trade and other debtors

£125,168 (2017 -£Nil) of other debtors is classified as non current.

 

DHM Consultancy Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

5

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Taxation and social security

121,280

132,144

Accruals and deferred income

36,268

35,333

Other creditors

1,131

2,625

158,679

170,102

6

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary A of £ 1 each

1

1

1

1

Ordinary B of £ 1 each

1

1

1

1

Ordinary C of £ 1 each

1

1

1

1

 

3

3

3

3

7

Dividends

Interim dividends paid

   

2018
£

 

2017
£

Interim dividend of £ 62,705.40 per each Ordinary A

 

62,705

 

62,705

Interim dividend of £ 81,023.92 (2017 - £ 81,005.92 ) per each Ordinary B

 

81,024

 

81,006

Interim dividend of £ 40,000.00 per each Ordinary C

 

40,000

 

40,000

   

183,729

 

183,711

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2018
£

2017
£

Remuneration

15,375

15,375

 

DHM Consultancy Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

.

Dividends paid to directors

 

2018
£

2017
£

Mr M E R Llewellyn

   

Interim dividends paid

40,000

40,000

     
         

Mr P H Richards

   

Interim dividends paid

81,024

81,006

     
         

 

Summary of transactions with entities with joint control or significant interest

Owner holding a participating interest in the small entity:
 The company voted and paid dividends of £62,705 during the year to one of its shareholders Mr G Walters.