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REGISTERED NUMBER: 04433490 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

DSM FLOORING LIMITED

DSM FLOORING LIMITED (Registered number: 04433490)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DSM FLOORING LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D S MCCANN
MRS S K MCCANN





SECRETARY: M MCNEILL





REGISTERED OFFICE: 54 HAWKSWORTH LANE
GUISELEY
LEEDS
West Yorkshire





REGISTERED NUMBER: 04433490 (England and Wales)





ACCOUNTANTS: MALCOLM MCNEILL CA
16 BIRCHDALE
OAKWOOD PARK
BINGLEY
West Yorkshire
BD16 4SE

DSM FLOORING LIMITED (Registered number: 04433490)

Report of the Directors
for the Year Ended 31 May 2023

The directors present their report with the financial statements of the company for the year ended 31 May 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of WALL AND FLOOR TILING

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

D S MCCANN
MRS S K MCCANN

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D S MCCANN - Director


2 October 2023

DSM FLOORING LIMITED (Registered number: 04433490)

Income Statement
for the Year Ended 31 May 2023

31.5.23 31.5.22
Notes £    £   

TURNOVER 1,114,300 684,561

Cost of sales (714,350 ) (453,579 )
GROSS PROFIT 399,950 230,982

Administrative expenses (174,877 ) (153,684 )
OPERATING PROFIT 4 225,073 77,298

Interest receivable and similar
income

203

10
225,276 77,308

Interest payable and similar
expenses

(5,897

)

(912

)
PROFIT BEFORE TAXATION 219,379 76,396

Tax on profit (45,277 ) (15,658 )
PROFIT FOR THE FINANCIAL YEAR 174,102 60,738

DSM FLOORING LIMITED (Registered number: 04433490)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 12,421 21,411

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 235,808 64,614
Cash at bank and in hand 126,543 113,734
372,351 188,348
CREDITORS
Amounts falling due within one year 7 (143,023 ) (56,560 )
NET CURRENT ASSETS 229,328 131,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,749

153,199

CREDITORS
Amounts falling due after more than
one year

8

(68,472

)

(94,024

)
NET ASSETS 173,277 59,175

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 173,275 59,173
173,277 59,175

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

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

DSM FLOORING LIMITED (Registered number: 04433490)

Balance Sheet - continued
31 May 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





D S MCCANN - Director


DSM FLOORING LIMITED (Registered number: 04433490)

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

1. STATUTORY INFORMATION

DSM FLOORING 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.

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 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 etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DSM FLOORING LIMITED (Registered number: 04433490)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.23 31.5.22
£    £   
Depreciation - owned assets 8,990 7,874

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 91,897
DEPRECIATION
At 1 June 2022 70,486
Charge for year 8,990
At 31 May 2023 79,476
NET BOOK VALUE
At 31 May 2023 12,421
At 31 May 2022 21,411

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 220,636 60,570
Other debtors 15,172 4,044
235,808 64,614

DSM FLOORING LIMITED (Registered number: 04433490)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts (see note 9)
5,552

5,552
Trade creditors 59,110 8,373
Taxation and social security 57,808 21,748
Other creditors 553 887
143,023 56,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 60,000 80,000
Hire purchase contracts (see note 9)
8,472

14,024
68,472 94,024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year 5,552 5,552
Between one and five years 8,472 14,024
14,024 19,576

Non-cancellable operating leases
31.5.23 31.5.22
£    £   
Within one year 16,000 16,000
Between one and five years 16,000 16,000
32,000 32,000