Company No:
Contents
DIRECTOR | Kieran Francis O'Connor |
SECRETARY | Derringtons Limited |
REGISTERED OFFICE | C/O Praxis |
1 Poultry | |
London | |
EC2R 8EJ | |
United Kingdom |
COMPANY NUMBER | 05444259 (England and Wales) |
CHARTERED ACCOUNTANTS | Praxis |
1 Poultry | |
London | |
EC2R 8EJ | |
United Kingdom |
Note | 2021 | 2020 | ||
£ | £ | |||
Current assets | ||||
Debtors | 4 |
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5,077 | 3,125 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current liabilities | (140,425) | (132,652) | ||
Total assets less current liabilities | (140,425) | (132,652) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Director's responsibilities:
The financial statements of DFR Consultancy Limited (registered number:
Kieran Francis O'Connor
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
DFR Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Praxis, 1 Poultry, London, EC2R 8EJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of DFR Consultancy Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £140,425. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Plant and machinery etc - 3 years
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2020 |
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At 31 May 2021 |
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Accumulated depreciation | |||
At 01 June 2020 |
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At 31 May 2021 |
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Net book value | |||
At 31 May 2021 |
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At 31 May 2020 |
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2021 | 2020 | ||
£ | £ | ||
Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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11.00 | 11.00 |
The Company had no material financial commitments at the year ended 31 May 2021.
During the year, the director made various payments on behalf of the company which were credited to their respective loan account. At the balance sheet date, the total amount owed to director amounted to £113,701 (2020: £109,965). The balance is repayable on demand and does not bear interest.