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Company Registration No. 01259946 (England and Wales)
D.M.S. INTERNATIONAL LIMITED Unaudited accounts for the year ended 31 December 2022
D.M.S. INTERNATIONAL LIMITED Unaudited accounts Contents
Page
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D.M.S. INTERNATIONAL LIMITED Company Information for the year ended 31 December 2022
Director
Mrs J L Mantell
Company Number
01259946 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT
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D.M.S. INTERNATIONAL LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
19,000 
28,500 
Tangible assets
9,554 
37,303 
28,554 
65,803 
Current assets
Inventories
150,000 
- 
Debtors
995,262 
869,634 
Cash at bank and in hand
3,043 
22,931 
1,148,305 
892,565 
Creditors: amounts falling due within one year
(363,254)
(156,130)
Net current assets
785,051 
736,435 
Total assets less current liabilities
813,605 
802,238 
Creditors: amounts falling due after more than one year
(591,352)
(592,378)
Net assets
222,253 
209,860 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
222,153 
209,760 
Shareholders' funds
222,253 
209,860 
For the year ending 31 December 2022 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 her 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 22 October 2023 and were signed on its behalf by
Mrs J L Mantell Director Company Registration No. 01259946
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D.M.S. INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
D.M.S. INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01259946. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% per annum straight line
Motor vehicles
25% per annum straight line
Fixtures & fittings
33.3% per annum straight line
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Operating Leases
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Debtors
Factored debts are included on the balance sheet within trade debtors. The proceeds received from the factor are included as secured liabilities. Factoring charges are recognised as they accrue and are included within interest payable and similar charges.
Pension costs and other post retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently adminstered fund. The pension costs charge represents contributions payable for the period by the company to the fund.
Goodwill
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
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D.M.S. INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 December 2022
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Government grants
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Deferred taxation
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
95,000 
At 31 December 2022
95,000 
Amortisation
At 1 January 2022
66,500 
Charge for the year
9,500 
At 31 December 2022
76,000 
Net book value
At 31 December 2022
19,000 
At 31 December 2021
28,500 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
95,281 
116,333 
23,028 
234,642 
Additions
1,975 
- 
- 
1,975 
At 31 December 2022
97,256 
116,333 
23,028 
236,617 
Depreciation
At 1 January 2022
95,281 
79,030 
23,028 
197,339 
Charge for the year
641 
29,083 
- 
29,724 
At 31 December 2022
95,922 
108,113 
23,028 
227,063 
Net book value
At 31 December 2022
1,334 
8,220 
- 
9,554 
At 31 December 2021
- 
37,303 
- 
37,303 
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D.M.S. INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 December 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
277,104 
853,301 
Other debtors
718,158 
16,333 
995,262 
869,634 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
205,367 
107,300 
Obligations under finance leases and hire purchase contracts
21,913 
21,913 
Trade creditors
514,073 
448,380 
Taxes and social security
84,009 
77,249 
Other creditors
36,794 
8,708 
Loans from directors
(498,902)
(507,420)
363,254 
156,130 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
560,895 
540,766 
Obligations under finance leases and hire purchase contracts
30,457 
51,612 
591,352 
592,378 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs J L Mantell
Overdrawn directors loan
507,420 
- 
8,518 
498,902 
507,420 
- 
8,518 
498,902 
The directors loan is overdrawn at the end of the year - interest has been charged on this loan
10
Average number of employees
During the year the average number of employees was 8 (2021: 8).
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