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REGISTERED NUMBER: 05957619 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

THE DMS DIGITAL GROUP LIMITED

THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE DMS DIGITAL GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: S A Small
Mrs M Small
S D Small
J Harris
T A Hargreaves



SECRETARY: Mrs M Small



REGISTERED OFFICE: 2 Belmont House
Deakins Business Park
Egerton
Bolton
BL7 9RP



REGISTERED NUMBER: 05957619 (England and Wales)



ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ



BANKERS: National Westminster Bank plc
PO Box 27 Parklands
De Havilland Way
Horwich
Bolton
BL6 4YU

THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

ABRIDGED BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,700 73,825

CURRENT ASSETS
Stocks 252,661 331,358
Debtors 725,679 736,626
Cash at bank 32,067 193,986
1,010,407 1,261,970
CREDITORS
Amounts falling due within one year 737,560 901,262
NET CURRENT ASSETS 272,847 360,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,547

434,533

CREDITORS
Amounts falling due after more than one
year

(89,681

)

(67,986

)

PROVISIONS FOR LIABILITIES (19,275 ) (7,889 )
NET ASSETS 269,591 358,658

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 268,591 357,658
SHAREHOLDERS' FUNDS 269,591 358,658

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

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

THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

ABRIDGED BALANCE SHEET - continued
31ST JANUARY 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 31st January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20th October 2023 and were signed on its behalf by:





Mrs M Small - Director


THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

The DMS Digital Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date an assessment is made for impairment. Any excess of the carrying amount of stock over it's estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2022 283,372
Additions 66,402
At 31st January 2023 349,774
DEPRECIATION
At 1st February 2022 209,547
Charge for year 34,527
At 31st January 2023 244,074
NET BOOK VALUE
At 31st January 2023 105,700
At 31st January 2022 73,825

THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1st February 2022 63,495
Additions 62,155
At 31st January 2023 125,650
DEPRECIATION
At 1st February 2022 13,317
Charge for year 26,015
At 31st January 2023 39,332
NET BOOK VALUE
At 31st January 2023 86,318
At 31st January 2022 50,178

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 22,150 11,551
Between one and five years 66,348 37,986
88,498 49,537

Non-cancellable operating leases
2023 2022
£    £   
Within one year 53,152 44,894
Between one and five years 66,356 14,044
119,508 58,938

THE DMS DIGITAL GROUP LIMITED (REGISTERED NUMBER: 05957619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Finance leases 88,498 49,537
Invoice discounting 14,441 177,269
102,939 226,806

Obligations under finance leases are secured by the company against the assets to which they relate.

7. CALLED UP SHARE CAPITAL

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
S A Small and Mrs M Small
Balance outstanding at start of year 124,109 111,965
Amounts advanced 158,199 177,468
Amounts repaid (186,024 ) (165,324 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,284 124,109

Where appropriate, interest is charged at recognised HMRC rates. The loans are repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, Mr S A and Mrs M Small, who own all of the issued share capital.