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REGISTERED NUMBER: SC484174 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

DMG UK LOGISTICS LTD

DMG UK LOGISTICS LTD (REGISTERED NUMBER: SC484174)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DMG UK LOGISTICS LTD

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs C Gracie
D Gracie
G Marshall





REGISTERED OFFICE: 109 Glencoe Road
Carluke
South Lanarkshire
ML8 4HZ





REGISTERED NUMBER: SC484174 (Scotland)





ACCOUNTANTS: Thomson Currie Accountancy Limited
Chartered Accountants
PO Box 9186
7 Pickering House
Netherton Road
Wishaw
ML2 0YP

DMG UK LOGISTICS LTD (REGISTERED NUMBER: SC484174)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,970 33,862

CURRENT ASSETS
Stocks 32,036 20,120
Debtors 266,079 246,752
Cash at bank and in hand 46,024 50,938
344,139 317,810
CREDITORS
Amounts falling due within one year 322,659 307,047
NET CURRENT ASSETS 21,480 10,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,450

44,625

PROVISIONS FOR LIABILITIES 8,164 6,434
NET ASSETS 56,286 38,191

CAPITAL AND RESERVES
Called up share capital 6 99 99
Retained earnings 56,187 38,092
SHAREHOLDERS' FUNDS 56,286 38,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

DMG UK LOGISTICS LTD (REGISTERED NUMBER: SC484174)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mrs C Gracie - Director


DMG UK LOGISTICS LTD (REGISTERED NUMBER: SC484174)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

DMG UK LOGISTICS LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the consideration received or receivable, excluding value added tax. Turnover from the provision of services is recognised on completion of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DMG UK LOGISTICS LTD (REGISTERED NUMBER: SC484174)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 50,960
Additions 21,556
At 31 August 2023 72,516
DEPRECIATION
At 1 September 2022 17,098
Charge for year 12,448
At 31 August 2023 29,546
NET BOOK VALUE
At 31 August 2023 42,970
At 31 August 2022 33,862

5. SECURED DEBTS

On 16 June 2020 the company granted a floating charge in favour of Ultimate Finance Limited. The floating charge covers all the property or undertakings of the company, and was delivered to Companies House on 17 June 2020. This remains in force at 31 August 2023.

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
99 Ordinary £1 99 99

7. OTHER FINANCIAL COMMITMENTS

Total future financial commitments which are not included in the balance sheet amount to £1,896. (At 31 August 2022 - £720).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.