Company registration number 03339045 (England and Wales)
DLG DEVELOPMENTS (SOUTH EAST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DLG DEVELOPMENTS (SOUTH EAST) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DLG DEVELOPMENTS (SOUTH EAST) LTD (REGISTERED NUMBER: 03339045)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,221
10,103
Current assets
Stocks
-
325
Debtors
4
2,483
2,129
Cash at bank and in hand
19,485
40,764
21,968
43,218
Creditors: amounts falling due within one year
5
(9,911)
(16,573)
Net current assets
12,057
26,645
Total assets less current liabilities
20,278
36,748
Creditors: amounts falling due after more than one year
6
(18,498)
(25,782)
Provisions for liabilities
(1,562)
(1,920)
Net assets
218
9,046
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
118
8,946
Total equity
218
9,046
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
DLG DEVELOPMENTS (SOUTH EAST) LTD (REGISTERED NUMBER: 03339045)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
G Whitehead
Director
DLG DEVELOPMENTS (SOUTH EAST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
DLG Developments (South East) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% on Reducing Balance
Fixtures, fittings & equipment
15% on Reducing Balance
Computer equipment
15% on Reducing Balance
Motor vehicles
20% on Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
DLG DEVELOPMENTS (SOUTH EAST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2022 - 2).
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022 and 31 March 2023
10,019
1,214
358
10,995
22,586
Depreciation and impairment
At 1 April 2022
7,570
1,190
57
3,666
12,483
Depreciation charged in the year
367
4
45
1,466
1,882
At 31 March 2023
7,937
1,194
102
5,132
14,365
Carrying amount
At 31 March 2023
2,082
20
256
5,863
8,221
At 31 March 2022
2,449
24
301
7,329
10,103
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,483
2,129
DLG DEVELOPMENTS (SOUTH EAST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,751
5,776
Trade creditors
672
4,320
Taxation and social security
139
293
Other creditors
3,349
6,184
9,911
16,573
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,498
24,224
Other creditors
1,558
18,498
25,782