DMG ENGINEERING LIMITED

Company Registration Number:
SC222801 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

DMG ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

DMG ENGINEERING LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,322,014 2,203,296
Total fixed assets: 2,322,014 2,203,296
Current assets
Stocks: 3,100 3,667
Debtors:   1,321,504 628,270
Cash at bank and in hand: 329,621 640,434
Total current assets: 1,654,225 1,272,371
Creditors: amounts falling due within one year: 4 (2,780,034) (726,607)
Net current assets (liabilities): (1,125,809) 545,764
Total assets less current liabilities: 1,196,205 2,749,060
Creditors: amounts falling due after more than one year: 5 (193,536) (249,725)
Total net assets (liabilities): 1,002,669 2,499,335
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,002,569 2,499,235
Shareholders funds: 1,002,669 2,499,335

The notes form part of these financial statements

DMG ENGINEERING LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 November 2023
and signed on behalf of the board by:

Name: D M Gow
Status: Director

The notes form part of these financial statements

DMG ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DMG ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

DMG ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 3,272,717
Additions 380,909
At 28 February 2023 3,653,626
Depreciation
At 01 March 2022 1,069,421
Charge for year 262,191
At 28 February 2023 1,331,612
Net book value
At 28 February 2023 2,322,014
At 28 February 2022 2,203,296

DMG ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Trade creditors 321398Taxation and social security 121633Other creditors 4852Directors loan 148716Hire purchase 168335Loan Mrs J Gow 59600Loan others 31500DMG Holdings Ltd 1924000

DMG ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

HP 193536