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REGISTERED NUMBER: 01967512 (England and Wales)















DTE RISK AND FINANCIAL MANAGEMENT
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018






DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DTE RISK AND FINANCIAL MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTORS: M N Beckley
R I Taylor
N J Fail



SECRETARY: R I Taylor



REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN



REGISTERED NUMBER: 01967512 (England and Wales)



BANKERS: The Royal Bank of Scotland plc
40 The Rock
Bury
Lancashire
BL9 0NX

DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2018

2018 2017
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 21,907 28,964
Investments 5 1,431 1,431
23,338 30,395

CURRENT ASSETS
Debtors 6 71,108 197,094
Cash at bank 382,465 205,787
453,573 402,881
CREDITORS
Amounts falling due within one year 7 (220,764 ) (210,138 )
NET CURRENT ASSETS 232,809 192,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,147

223,138

CREDITORS
Amounts falling due after more than one
year

8

(1,703

)

(7,415

)
NET ASSETS 254,444 215,723

CAPITAL AND RESERVES
Called up share capital 2,532 2,532
Share premium 5,609 5,609
Retained earnings 246,303 207,582
SHAREHOLDERS' FUNDS 254,444 215,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 January 2019 and were signed on its behalf by:





M N Beckley - Director


DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018


1. STATUTORY INFORMATION

DTE Risk and Financial Management Limited is a private company, limited by shares, registered in England and
Wales, registration number 01967512. The registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have considered the business risks and believe that the company is well placed to manage these
risks successfully, thus the going concern basis of accounting has been adopted in preparing these financial
statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and
judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ
from these estimates.

The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in
which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are outlined below.

Making judgement based on knowledge of the customer on the level of provision required for any provision for
bad debts. Further information received after the statement of financial position date may impact on the level of
provision required.

Making judgements in respect of levels of commission clawbacks which may be incurred by the company. More
information regarding this can be found in the notes to the accounts.

Revenue
Revenue represents the total commission and fees receivable by the company in the ordinary course of business
which is recognised as the related services are provided.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are
reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision
are recognised in the income statement when the change arises.


DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the statement of financial position date. Those
held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement as incurred.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in
the income statement.

Fixed asset investments
Fixed asset investments are stated at cost, less any permanent diminution in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,
being the transaction price less any amounts settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2017
and 30 April 2018 53,791
DEPRECIATION
At 1 May 2017 24,827
Charge for year 7,057
At 30 April 2018 31,884
NET BOOK VALUE
At 30 April 2018 21,907
At 30 April 2017 28,964

Assets with a net book value of £11,324 (2017: £24,942) are held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2017
and 30 April 2018 1,431
NET BOOK VALUE
At 30 April 2018 1,431
At 30 April 2017 1,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 32,685 35,154
Amounts owed by group undertakings 31,880 75,880
Other debtors 6,543 86,060
71,108 197,094

DTE RISK AND FINANCIAL MANAGEMENT
LIMITED (REGISTERED NUMBER: 01967512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 5,767 9,052
Trade creditors 4,052 4,469
Amounts owed to group undertakings 6,982 6,982
Taxation and social security 72,559 36,270
Other creditors 131,404 153,365
220,764 210,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 1,703 7,415

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 7,470 16,467

The hire purchase contracts are secured on the respective fixed assets.

10. CONTINGENT LIABILITIES

The company receives commission in advance of the period over which such commissions relate. If policies are
cancelled for whatever reason over this period which typically is up to four years then the company may suffer a
clawback of commission previously received and credited to the income statement. The directors do not
consider any provision for such a clawback to be appropriate as historically the amounts involved are small and
it is extremely difficult to quantify an appropriate amount.

11. SUBSEQUENT EVENTS

Subsequent to the year end date, interim dividends totalling £250,000 have been voted and paid.