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REGISTERED NUMBER: 04986252 (England and Wales)















D.R.M. DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






D.R.M. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04986252)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.R.M. DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTOR: Mr D R Marsh Esq.





REGISTERED OFFICE: 361 Rayleigh Road
Eastwood
Leigh-on-Sea
Essex
SS9 5PS





REGISTERED NUMBER: 04986252 (England and Wales)





ACCOUNTANTS: The Hudson Partnership
Chartered Certified Accountants
361 Rayleigh Road
Eastwood
Leigh-on-Sea
Essex
SS9 5PS

D.R.M. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04986252)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 30,604 23,512

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 4 363,372 408,079
Cash at bank and in hand 282,308 321,618
660,680 744,697
CREDITORS
Amounts falling due within one year 5 111,684 131,752
NET CURRENT ASSETS 548,996 612,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,600

636,457

PROVISIONS FOR LIABILITIES 6 4,251 4,015
NET ASSETS 575,349 632,442

CAPITAL AND RESERVES
Called up share capital 7 1,001 1,001
Retained earnings 574,348 631,441
SHAREHOLDERS' FUNDS 575,349 632,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2023 and were signed by:



Mr D R Marsh Esq. - Director


D.R.M. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04986252)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023

1. 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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Income Statement, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

D.R.M. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04986252)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 138,804 97,425 48,758 284,987
Additions 833 12,560 2,393 15,786
At 30 April 2023 139,637 109,985 51,151 300,773
DEPRECIATION
At 1 May 2022 132,033 92,594 36,848 261,475
Charge for year 1,710 3,825 3,159 8,694
At 30 April 2023 133,743 96,419 40,007 270,169
NET BOOK VALUE
At 30 April 2023 5,894 13,566 11,144 30,604
At 30 April 2022 6,771 4,831 11,910 23,512

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,921 170,486
Amounts owed by participating interests 18,808 12,923
Other debtors 342,643 224,670
363,372 408,079

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,395 17,654
Taxation and social security 80,079 113,991
Other creditors 210 107
111,684 131,752

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,251 4,015

Deferred
tax
£   
Balance at 1 May 2022 4,015
Provided during year 236
Balance at 30 April 2023 4,251

D.R.M. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04986252)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 'A' Ordinary £1 1,000 1,000
1 'B' Ordinary £1 1 1
1,001 1,001