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REGISTERED NUMBER:
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THE DTE PAYROLL AND TAX CENTRE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
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REGISTERED NUMBER:
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THE DTE PAYROLL AND TAX CENTRE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
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THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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THE DTE PAYROLL AND TAX CENTRE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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40 The Rock |
Bury |
Lancashire |
BL9 0NX |
THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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STATEMENT OF FINANCIAL POSITION |
30 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Inventories |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 APRIL 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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DTE Payroll and Tax Centre Limited is a private company, limited by shares, registered in England and Wales, |
registration number 02506635. The registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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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. |
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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. |
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The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in |
which the estimate is revised. |
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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. |
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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. |
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Revenue |
Revenue represents net invoiced sales of services, excluding value added tax. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is stated at cost. |
No amortisation has been charged as, in the opinion of the directors, the amount involved would be immaterial. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Property, plant and equipment |
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Fixtures and fittings | - |
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Computer equipment | - |
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THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Inventories |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
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Pensions |
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in |
the profit and loss account. |
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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. |
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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. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised |
cost, being the transaction price less any amounts settled. |
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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. |
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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. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, |
being the transaction price less any amounts settled. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 May 2016 |
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Disposals | ( |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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THE DTE PAYROLL AND TAX CENTRE LIMITED (REGISTERED NUMBER: 02506635) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | CONTINGENT LIABILITIES |
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The company has entered into a cross guarantee with DTE Business Advisers Limited in support of a joint bank |
overdraft facility. As at the balance sheet date, the bank overdraft of that company amounted to £357,988 (2016 - |
£364,950). |