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DMC DESIGN AND PRINT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

DMC DESIGN AND PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: D McAllister
Mrs G McAllister





SECRETARY: Mrs G McAllister





REGISTERED OFFICE: 105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 05416492 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,534 67,033
65,534 67,033

CURRENT ASSETS
Stocks 324 272
Debtors 6 47,100 34,550
Cash at bank 602,889 563,183
650,313 598,005
CREDITORS
Amounts falling due within one year 7 194,072 153,035
NET CURRENT ASSETS 456,241 444,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,775

512,003

PROVISIONS FOR LIABILITIES 15,487 18,740
NET ASSETS 506,288 493,263

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 505,288 492,263
SHAREHOLDERS' FUNDS 506,288 493,263

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

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

DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)

BALANCE SHEET - continued
31ST AUGUST 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 28th February 2024 and were signed on its behalf by:





D McAllister - Director


DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)

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

1. STATUTORY INFORMATION

DMC Design and Print 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

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

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 400,000
AMORTISATION
At 1st September 2022
and 31st August 2023 400,000
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

DMC DESIGN AND PRINT LIMITED (REGISTERED NUMBER: 05416492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 8,565 99,583 17,299 125,447
Additions - 25,741 - 25,741
Disposals - (32,584 ) - (32,584 )
At 31st August 2023 8,565 92,740 17,299 118,604
DEPRECIATION
At 1st September 2022 7,566 35,588 15,260 58,414
Charge for year 200 12,562 732 13,494
Eliminated on disposal - (18,838 ) - (18,838 )
At 31st August 2023 7,766 29,312 15,992 53,070
NET BOOK VALUE
At 31st August 2023 799 63,428 1,307 65,534
At 31st August 2022 999 63,995 2,039 67,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,912 33,575
Other debtors 1,188 975
47,100 34,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,569 7,469
Taxation and social security 33,192 26,137
Other creditors 147,311 119,429
194,072 153,035

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £72,500 were paid to the directors .

The directors maintain a loan account with the company, which is interest-free and repayable on demand. As at 31st August 2023, the balance due to the directors was £135,007 (2022: £104,549).

DMC DESIGN AND PRINT LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
DMC DESIGN AND PRINT 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 31st August 2023 set out on pages three to eight 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.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


4th March 2024