Company Registration No. 01978278 (England and Wales)
D.I.G. CORRUGATED MACHINERY LIMITED
Unaudited accounts
for the year ended 31 January 2023
D.I.G. CORRUGATED MACHINERY LIMITED
Unaudited accounts
Contents
D.I.G. CORRUGATED MACHINERY LIMITED
Company Information
for the year ended 31 January 2023
Director
Gary Andrew Butcher
Company Number
01978278 (England and Wales)
Registered Office
5 CULLEN PLACE
EASTLANDS INDUSTRIAL ESTATE
LEISTON
SUFFOLK
IP16 4LL
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
D.I.G. CORRUGATED MACHINERY LIMITED
Accountants' report
Accountants' report to the director of D.I.G. CORRUGATED MACHINERY LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
9 October 2023
D.I.G. CORRUGATED MACHINERY LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
30,868
38,085
Inventories
163,752
186,946
Cash at bank and in hand
80,529
62,798
Creditors: amounts falling due within one year
(106,277)
(133,985)
Net current assets
189,662
198,656
Total assets less current liabilities
220,530
236,741
Provisions for liabilities
Deferred tax
(3,450)
(5,267)
Net assets
217,080
231,474
Called up share capital
100
100
Profit and loss account
216,980
231,374
Shareholders' funds
217,080
231,474
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2023 and were signed on its behalf by
Gary Andrew Butcher
Director
Company Registration No. 01978278
D.I.G. CORRUGATED MACHINERY LIMITED
Notes to the Accounts
for the year ended 31 January 2023
D.I.G. CORRUGATED MACHINERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01978278. The registered office is 5 CULLEN PLACE, EASTLANDS INDUSTRIAL ESTATE, LEISTON, SUFFOLK, IP16 4LL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2022
10,362
36,336
29,507
624
18,383
95,212
At 31 January 2023
10,362
36,336
29,507
624
18,383
95,212
At 1 February 2022
-
21,093
19,922
541
15,571
57,127
Charge for the year
-
4,102
2,396
21
698
7,217
At 31 January 2023
-
25,195
22,318
562
16,269
64,344
At 31 January 2023
10,362
11,141
7,189
62
2,114
30,868
At 31 January 2022
10,362
15,243
9,585
83
2,812
38,085
D.I.G. CORRUGATED MACHINERY LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
45,419
78,498
Accrued income and prepayments
4,673
4,399
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
41,115
46,759
Trade creditors
50,599
84,278
Taxes and social security
12,268
2,199
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).