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Company Registration No. 10945363 (England and Wales)
DNG ASSOCIATES LTD Unaudited accounts for the year ended 31 May 2023
DNG ASSOCIATES LTD Unaudited accounts Contents
Page
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DNG ASSOCIATES LTD Company Information for the year ended 31 May 2023
Directors
Mr G Dogan Mr D Toguz
Company Number
10945363 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JT England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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DNG ASSOCIATES LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,776 
7,043 
Current assets
Debtors
26,549 
7,549 
Cash at bank and in hand
14,902 
10,488 
41,451 
18,037 
Creditors: amounts falling due within one year
(20,365)
(12,448)
Net current assets
21,086 
5,589 
Total assets less current liabilities
26,862 
12,632 
Creditors: amounts falling due after more than one year
(25,749)
(2,950)
Net assets
1,113 
9,682 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,013 
9,582 
Shareholders' funds
1,113 
9,682 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
Mr G Dogan Director Company Registration No. 10945363
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DNG ASSOCIATES LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
DNG ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 10945363. The registered office and principal place of business is 214 Baker Street, Enfield, EN1 3JT, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18% - reducing line method
Fixtures & fittings
18% - reducing line method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
1,920 
7,403 
9,323 
At 31 May 2023
1,920 
7,403 
9,323 
Depreciation
At 1 June 2022
534 
1,746 
2,280 
Charge for the year
249 
1,018 
1,267 
At 31 May 2023
783 
2,764 
3,547 
Net book value
At 31 May 2023
1,137 
4,639 
5,776 
At 31 May 2022
1,386 
5,657 
7,043 
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DNG ASSOCIATES LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,472 
4,472 
Other debtors
9,000 
- 
23,472 
4,472 
Amounts falling due after more than one year
Other debtors
3,077 
3,077 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,000 
1,000 
Taxes and social security
1,854 
1,266 
Loans from directors
1,627 
3,824 
Accruals
15,884 
6,358 
20,365 
12,448 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,950 
2,950 
Other creditors
23,799 
- 
25,749 
2,950 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors is an amount of £1,627 (2022;£3,824) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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