IRIS Accounts Production v17.3.1.106 01967512 Board of Directors 1.5.16 30.4.17 30.4.17 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 01967512 2016-04-30 01967512 2017-04-30 01967512 2016-05-01 2017-04-30 01967512 2015-04-30 01967512 2015-05-01 2016-04-30 01967512 2016-04-30 01967512 ns15:EnglandWales 2016-05-01 2017-04-30 01967512 ns14:PoundSterling 2016-05-01 2017-04-30 01967512 ns10:Director1 2016-05-01 2017-04-30 01967512 ns10:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 01967512 ns10:SmallEntities 2016-05-01 2017-04-30 01967512 ns10:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 01967512 ns10:SmallCompaniesRegimeForDirectorsReport 2016-05-01 2017-04-30 01967512 ns10:SmallCompaniesRegimeForAccounts 2016-05-01 2017-04-30 01967512 ns10:FullAccounts 2016-05-01 2017-04-30 01967512 ns10:Director2 2016-05-01 2017-04-30 01967512 ns10:Director3 2016-05-01 2017-04-30 01967512 ns10:Director4 2016-05-01 2017-04-30 01967512 ns10:CompanySecretary1 2016-05-01 2017-04-30 01967512 ns10:RegisteredOffice 2016-05-01 2017-04-30 01967512 ns5:CurrentFinancialInstruments 2017-04-30 01967512 ns5:CurrentFinancialInstruments 2016-04-30 01967512 ns5:Non-currentFinancialInstruments 2017-04-30 01967512 ns5:Non-currentFinancialInstruments 2016-04-30 01967512 ns5:ShareCapital 2017-04-30 01967512 ns5:ShareCapital 2016-04-30 01967512 ns5:SharePremium 2017-04-30 01967512 ns5:SharePremium 2016-04-30 01967512 ns5:RetainedEarningsAccumulatedLosses 2017-04-30 01967512 ns5:RetainedEarningsAccumulatedLosses 2016-04-30 01967512 ns5:FurnitureFittings 2016-05-01 2017-04-30 01967512 ns5:MotorVehicles 2016-05-01 2017-04-30 01967512 ns5:FurnitureFittings 2016-04-30 01967512 ns5:MotorVehicles 2016-04-30 01967512 ns5:FurnitureFittings 2017-04-30 01967512 ns5:MotorVehicles 2017-04-30 01967512 ns5:FurnitureFittings 2016-04-30 01967512 ns5:MotorVehicles 2016-04-30 01967512 ns5:LeasedAssetsHeldAsLessee 2016-05-01 2017-04-30 01967512 ns5:CostValuation 2016-04-30 01967512 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-04-30 01967512 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2016-04-30 01967512 1 2016-05-01 2017-04-30


REGISTERED NUMBER: 01967512 (England and Wales)















DTE RISK AND FINANCIAL MANAGEMENT
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017






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

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017










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 2017







DIRECTORS: N J Fail
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 2017

2017 2016
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 28,964 24,101
Investments 5 1,431 1,431
30,395 25,532

CURRENT ASSETS
Debtors 6 121,214 34,619
Cash at bank 205,787 290,691
327,001 325,310
CREDITORS
Amounts falling due within one year 7 (134,258 ) (137,337 )
NET CURRENT ASSETS 192,743 187,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,138

213,505

CREDITORS
Amounts falling due after more than one
year

8

(7,415

)

(3,285

)
NET ASSETS 215,723 210,220

CAPITAL AND RESERVES
Called up share capital 2,532 2,532
Share premium 5,609 5,609
Retained earnings 207,582 202,079
SHAREHOLDERS' FUNDS 215,723 210,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 2017


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 5 December 2017 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 2017


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 company has transitioned to Financial Reporting Standard 102 Section 1A applicable to Small Entities and
the Companies Act 2006 from UK Generally Accepted Accounting Practice. The date of transition is 1 May
2015. There have not been any changes to the figures as a result of the transition. The accounting policies which
follow set out those policies which apply in preparing the financial statements for the year ended 30 April 2017.

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.

Preparation of consolidated financial statements
The financial statements contain information about DTE Risk and Financial Management Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The company
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated 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 balance sheet 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 note 11.

Revenue
Turnover 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.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


2. ACCOUNTING POLICIES - continued

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.
Computers & Office Equipment - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 25% 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.

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 balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account 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 profit and loss account as incurred.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in
the profit and loss account.

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

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


2. ACCOUNTING POLICIES - continued

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 .

4. PROPERTY, PLANT AND EQUIPMENT
Computers
& Office Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 May 2016 14,505 38,346 52,851
Additions 214 19,072 19,286
Disposals - (18,346 ) (18,346 )
At 30 April 2017 14,719 39,072 53,791
DEPRECIATION
At 1 May 2016 9,656 19,094 28,750
Charge for year 1,041 7,510 8,551
Eliminated on disposal - (12,474 ) (12,474 )
At 30 April 2017 10,697 14,130 24,827
NET BOOK VALUE
At 30 April 2017 4,022 24,942 28,964
At 30 April 2016 4,849 19,252 24,101

Assets with a net book value of £24,942 (2016: £13,126) are held under hire purchase contracts.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2016
and 30 April 2017 1,431
NET BOOK VALUE
At 30 April 2017 1,431
At 30 April 2016 1,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 35,154 29,509
Amount due from parent company 75,880 -
Prepayments 10,180 5,110
121,214 34,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 9,052 6,571
Trade creditors 4,469 9,162
Corporation tax 24,333 20,225
Social security and other taxes 11,937 11,589
Amount owed to group undertaking 6,982 6,982
Amounts owed to related parties 5,003 11,870
Accruals 72,482 70,938
134,258 137,337

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 7,415 3,285

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 16,467 9,856

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017


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 profit and loss account. 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. POST BALANCE SHEET EVENTS

Subsequent to the year end date, interim dividends totalling £75,000 have been voted and paid.