IRIS Accounts Production v23.3.1.45 07370743 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073707432022-12-31073707432023-12-31073707432023-01-012023-12-31073707432021-12-31073707432022-01-012022-12-31073707432022-12-3107370743ns10:Originalns15:EnglandWales2023-01-012023-12-3107370743ns14:PoundSterlingns10:Original2023-01-012023-12-3107370743ns10:Originalns10:Director12023-01-012023-12-3107370743ns10:Original2023-01-012023-12-3107370743ns10:Original2023-12-3107370743ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107370743ns10:Originalns10:SmallEntities2023-01-012023-12-3107370743ns10:Originalns10:AuditExemptWithAccountantsReport2023-01-012023-12-3107370743ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107370743ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3107370743ns10:Originalns10:FullAccounts2023-01-012023-12-3107370743ns10:Original12023-01-012023-12-3107370743ns10:Originalns10:Director22023-01-012023-12-3107370743ns10:CompanySecretary1ns10:Original2023-01-012023-12-3107370743ns10:Originalns10:RegisteredOffice2023-01-012023-12-3107370743ns10:Original2022-12-3107370743ns10:Originalns5:CurrentFinancialInstruments2023-12-3107370743ns10:Originalns5:CurrentFinancialInstruments2022-12-3107370743ns10:Originalns5:Non-currentFinancialInstruments2023-12-3107370743ns10:Originalns5:Non-currentFinancialInstruments2022-12-3107370743ns5:ShareCapitalns10:Original2023-12-3107370743ns5:ShareCapitalns10:Original2022-12-3107370743ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3107370743ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3107370743ns10:Originalns5:NetGoodwill2023-01-012023-12-3107370743ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-012023-12-3107370743ns10:Originalns5:PlantMachinery2023-01-012023-12-3107370743ns10:Originalns5:FurnitureFittings2023-01-012023-12-3107370743ns10:Originalns5:MotorVehicles2023-01-012023-12-3107370743ns10:Originalns5:ComputerEquipment2023-01-012023-12-3107370743ns10:Original2022-01-012022-12-3107370743ns10:Originalns5:NetGoodwill2022-12-3107370743ns10:Originalns5:NetGoodwill2023-12-3107370743ns10:Originalns5:NetGoodwill2022-12-3107370743ns10:Originalns5:PlantMachinery2022-12-3107370743ns10:Originalns5:FurnitureFittings2022-12-3107370743ns10:Originalns5:MotorVehicles2022-12-3107370743ns10:Originalns5:ComputerEquipment2022-12-3107370743ns10:Original2022-12-3107370743ns10:Originalns5:PlantMachinery2023-12-3107370743ns10:Originalns5:FurnitureFittings2023-12-3107370743ns10:Originalns5:MotorVehicles2023-12-3107370743ns10:Originalns5:ComputerEquipment2023-12-3107370743ns10:Originalns5:PlantMachinery2022-12-3107370743ns10:Originalns5:FurnitureFittings2022-12-3107370743ns10:Originalns5:MotorVehicles2022-12-3107370743ns10:Originalns5:ComputerEquipment2022-12-3107370743ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107370743ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07370743 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

DM UTILITIES LIMITED

DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

DM UTILITIES LIMITED

Company Information
for the Year Ended 31 DECEMBER 2023







DIRECTORS: D Miller
N S M Ebsen





SECRETARY: N S M Ebsen





REGISTERED OFFICE: 46 Wimblington Road
March
Cambridgeshire
PE15 9QN





REGISTERED NUMBER: 07370743 (England and Wales)





ACCOUNTANTS: Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH

DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 108,862 132,123
108,862 132,123

CURRENT ASSETS
Debtors 6 516,887 400,425
Cash at bank 106,427 95,911
623,314 496,336
CREDITORS
Amounts falling due within one year 7 145,757 117,161
NET CURRENT ASSETS 477,557 379,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,419

511,298

CREDITORS
Amounts falling due after more than one
year

8

(35,098

)

(49,033

)

PROVISIONS FOR LIABILITIES (21,115 ) (26,540 )
NET ASSETS 530,206 435,725

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 530,106 435,625
SHAREHOLDERS' FUNDS 530,206 435,725

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

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

DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)

Balance Sheet - continued
31 DECEMBER 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 20 February 2024 and were signed on its behalf by:





D Miller - Director


DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)

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

1. STATUTORY INFORMATION

DM Utilities 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 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 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 70,970
AMORTISATION
At 1 January 2023
and 31 December 2023 70,970
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 100,465 3,186 213,986 463 318,100
Additions 14,250 - - 628 14,878
Disposals (15,500 ) - - - (15,500 )
At 31 December 2023 99,215 3,186 213,986 1,091 317,478
DEPRECIATION
At 1 January 2023 74,757 884 110,068 268 185,977
Charge for year 9,472 345 25,979 274 36,070
Charge written back (13,431 ) - - - (13,431 )
At 31 December 2023 70,798 1,229 136,047 542 208,616
NET BOOK VALUE
At 31 December 2023 28,417 1,957 77,939 549 108,862
At 31 December 2022 25,708 2,302 103,918 195 132,123

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 516,887 400,425

DM UTILITIES LIMITED (REGISTERED NUMBER: 07370743)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 13,954 13,954
Trade creditors 17,083 1,333
Taxation and social security 79,217 55,440
Other creditors 35,503 46,434
145,757 117,161

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 35,098 49,033

9. RELATED PARTY DISCLOSURES

At 31 December 2023 Acorn Lettings Ltd owed the company £413,579 (2022 - £308,579) The loan is interest free and repayable on demand.





10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D Miller.

DM UTILITIES LIMITED

Report of the Accountants to the Directors of
DM Utilities 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH


20 February 2024