Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true2022-09-01falseNo description of principal activity2727trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09160319 2022-09-01 2023-08-31 09160319 2021-09-01 2022-08-31 09160319 2023-08-31 09160319 2022-08-31 09160319 c:Director1 2022-09-01 2023-08-31 09160319 d:MotorVehicles 2022-09-01 2023-08-31 09160319 d:MotorVehicles 2023-08-31 09160319 d:MotorVehicles 2022-08-31 09160319 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09160319 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 09160319 d:FurnitureFittings 2022-09-01 2023-08-31 09160319 d:FurnitureFittings 2023-08-31 09160319 d:FurnitureFittings 2022-08-31 09160319 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09160319 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 09160319 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09160319 d:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 09160319 d:CurrentFinancialInstruments 2023-08-31 09160319 d:CurrentFinancialInstruments 2022-08-31 09160319 d:Non-currentFinancialInstruments 2023-08-31 09160319 d:Non-currentFinancialInstruments 2022-08-31 09160319 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09160319 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09160319 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09160319 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 09160319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 09160319 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 09160319 d:ShareCapital 2023-08-31 09160319 d:ShareCapital 2022-08-31 09160319 d:RetainedEarningsAccumulatedLosses 2023-08-31 09160319 d:RetainedEarningsAccumulatedLosses 2022-08-31 09160319 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 09160319 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 09160319 c:FRS102 2022-09-01 2023-08-31 09160319 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09160319 c:FullAccounts 2022-09-01 2023-08-31 09160319 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09160319 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 09160319 d:HirePurchaseContracts d:WithinOneYear 2022-08-31 09160319 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 09160319 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-08-31 09160319 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09160319 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 09160319 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 09160319 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-31 09160319 d:LeasedAssetsHeldAsLessee 2023-08-31 09160319 d:LeasedAssetsHeldAsLessee 2022-08-31 09160319 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 09160319










DTM LOGISTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
DTM LOGISTICS LIMITED
REGISTERED NUMBER: 09160319

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,284,361
804,293

  
1,284,361
804,293

Current assets
  

Debtors: amounts falling due within one year
 5 
456,958
356,881

Cash at bank and in hand
 6 
311,785
559,502

  
768,743
916,383

Creditors: amounts falling due within one year
 7 
(659,973)
(462,727)

Net current assets
  
 
 
108,770
 
 
453,656

Total assets less current liabilities
  
1,393,131
1,257,949

Creditors: amounts falling due after more than one year
 8 
(758,113)
(583,735)

Provisions for liabilities
  

Deferred tax
 12 
(119,529)
(123,337)

  
 
 
(119,529)
 
 
(123,337)

Net assets
  
515,489
550,877


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
515,389
550,777

  
515,489
550,877


Page 1

 
DTM LOGISTICS LIMITED
REGISTERED NUMBER: 09160319

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.




D. Monk
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

DTM Logistics Limited is a private limited company incorporated in England and Wales. The registered office is 601 London Road, Westcliff on Sea, Essex SS0 9PE. The registered number is 09160319. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures, fittings and equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Motor vehicles have been valued by the director at the balance sheet date based on external valuations received. Where the value is higher than the net book value brought forward no depreciation has been charged during the year. Where the value is less than net book value brought forward depreciation has been charged to bring the net book values carried forward to the valuation level. Assets aquired during the year have been depreciated to the valuation level only. 

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 5

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2022 - 27).

Page 6

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 September 2022
998,479
31,684
1,030,163


Additions
571,460
4,396
575,856


Disposals
(11,207)
-
(11,207)



At 31 August 2023

1,558,732
36,080
1,594,812



Depreciation


At 1 September 2022
214,772
11,098
225,870


Charge for the year on owned assets
2,078
5,323
7,401


Charge for the year on financed assets
83,659
-
83,659


Disposals
(6,479)
-
(6,479)



At 31 August 2023

294,030
16,421
310,451



Net book value



At 31 August 2023
1,264,702
19,659
1,284,361



At 31 August 2022
783,707
20,586
804,293

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
1,247,312
717,150

1,247,312
717,150


5.


Debtors

2023
2022
£
£


Trade debtors
433,455
341,853

Other debtors
8,138
-

Prepayments and accrued income
15,365
15,028

456,958
356,881

Page 7

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.Debtors (continued)



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
311,785
559,502

311,785
559,502



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
18,750
18,750

Trade creditors
293,952
186,382

Other taxation and social security
54,709
88,318

Obligations under finance lease and hire purchase contracts
272,166
165,493

Other creditors
20,396
3,784

659,973
462,727


The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
272,166
165,493

272,166
165,493

Details of security provided:

The bank overdraft (£nil) is secured over the assets of the company. The net obligations under hire purchase contractsare secured over the relevant assets.

Page 8

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,063
32,813

Net obligations under finance leases and hire purchase contracts
744,050
550,922

758,113
583,735


The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
744,050
550,922

744,050
550,922

Details of security provided:

The net obligations under hire purchase contracts are secured over the relevant assets.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
18,750
18,750


18,750
18,750


Amounts falling due 2-5 years

Bank loans
14,063
32,813


14,063
32,813


32,813
51,563


Page 9

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
327,287
198,971

Between 1-5 years
805,716
596,449

1,133,003
795,420


11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
311,785
559,502




Financial assets measured at fair value through profit or loss comprise cash at bank.


12.


Deferred taxation




2023


£






At beginning of year
123,337


Charged to profit or loss
(3,808)



At end of year
119,529

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
119,529
123,337

119,529
123,337


13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held
seperately from those of the company in an independently administered fund.

Page 10

 
DTM LOGISTICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

14.


Related party transactions

During the year dividends of £56,200 (2021 £86,875) were paid to D.T. Monk and spouse.


Page 11