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REGISTERED NUMBER: 10300991 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

DMW NORTH WEST LIMITED

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DMW NORTH WEST LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr D J Davies
Mrs C J Davies





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Merseyside
L34 3LG





REGISTERED NUMBER: 10300991 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DMW North West Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DMW North West Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DMW North West Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DMW North West Limited and state those matters that we have agreed to state to the Board of Directors of DMW North West Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DMW North West Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DMW North West Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DMW North West Limited. You consider that DMW North West Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DMW North West Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool
L34 3LG


16 November 2023

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,536 237,989

CURRENT ASSETS
Stocks 1,800 1,800
Debtors 5 75,459 66,553
Cash at bank 184,028 138,029
261,287 206,382
CREDITORS
Amounts falling due within one year 6 115,641 85,892
NET CURRENT ASSETS 145,646 120,490
TOTAL ASSETS LESS CURRENT LIABILITIES 377,182 358,479

CREDITORS
Amounts falling due after more than one
year

7

(131,181

)

(149,003

)

PROVISIONS FOR LIABILITIES (4,466 ) (4,846 )
NET ASSETS 241,535 204,630

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 241,435 204,530
SHAREHOLDERS' FUNDS 241,535 204,630

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

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

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mr D J Davies - Director


DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

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


1. STATUTORY INFORMATION

DMW North West 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.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

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.

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 230,962 36,501 5,097
Additions - - 678
At 31 July 2023 230,962 36,501 5,775
DEPRECIATION
At 1 August 2022 18,476 14,540 2,749
Charge for year 4,619 7,300 918
At 31 July 2023 23,095 21,840 3,667
NET BOOK VALUE
At 31 July 2023 207,867 14,661 2,108
At 31 July 2022 212,486 21,961 2,348

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 - 6,878 279,438
Additions 6,000 2,466 9,144
At 31 July 2023 6,000 9,344 288,582
DEPRECIATION
At 1 August 2022 - 5,684 41,449
Charge for year 1,200 1,560 15,597
At 31 July 2023 1,200 7,244 57,046
NET BOOK VALUE
At 31 July 2023 4,800 2,100 231,536
At 31 July 2022 - 1,194 237,989

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 5,849 9,729
Other debtors 5,828 1,494
Directors' current accounts 63,782 55,330
75,459 66,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 18,800 19,012
Hire purchase contracts - 2,584
Trade creditors 41,711 17,654
Tax 30,733 25,341
Social security and other taxes 2,721 1,482
VAT 18,472 16,819
Accruals and deferred income 3,204 3,000
115,641 85,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 19,100 20,000
Bank loans - 2-5 years 35,200 44,379
Bank loans more 5 yr by instal 76,881 84,624
131,181 149,003

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,881 84,624

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 149,981 168,015

The bank loan is secured via a fixed charge on the company's freehold property purchased on 17 September 2018.

DMW NORTH WEST LIMITED (REGISTERED NUMBER: 10300991)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr D J Davies and Mrs C J Davies
Balance outstanding at start of year 55,330 53,486
Amounts advanced 83,452 79,294
Amounts repaid (75,000 ) (77,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,782 55,330