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REGISTERED NUMBER: 02943378 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

DSM (GB) Limited

DSM (GB) Limited (Registered number: 02943378)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


DSM (GB) Limited

Company Information
for the Year Ended 30 June 2023







Directors: M Richardson
M Richardson





Registered office: The Old Hangar
Elton Road
Sibson
Peterborough
PE8 6NE





Registered number: 02943378 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DSM (GB) 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 Statement of financial position. 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 DSM (GB) Limited for the year ended 30 June 2023 which comprise the Statement of income and retained earnings, Statement of financial position 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 DSM (GB) Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2021. Our work has been undertaken solely to prepare for your approval the financial statements of DSM (GB) Limited and state those matters that we have agreed to state to the Board of Directors of DSM (GB) 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 DSM (GB) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DSM (GB) 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 DSM (GB) Limited. You consider that DSM (GB) 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 DSM (GB) 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


13 March 2024

DSM (GB) Limited (Registered number: 02943378)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 279,675 329,118
Investments 6 268,000 268,000
547,675 597,118

Current assets
Debtors 7 1,368,565 773,994
Cash at bank and in hand 1,246,875 1,636,010
2,615,440 2,410,004
Creditors
Amounts falling due within one year 8 692,012 784,726
Net current assets 1,923,428 1,625,278
Total assets less current liabilities 2,471,103 2,222,396

Creditors
Amounts falling due after more than one
year

9

(2,379

)

(11,897

)

Provisions for liabilities (15,001 ) (25,357 )
Net assets 2,453,723 2,185,142

Capital and reserves
Called up share capital 11 1,002 1,002
Capital redemption reserve 3 3
Retained earnings 2,452,718 2,184,137
Shareholders' funds 2,453,723 2,185,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DSM (GB) Limited (Registered number: 02943378)

Statement of Financial Position - continued
30 June 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





M Richardson - Director


DSM (GB) Limited (Registered number: 02943378)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. Statutory information

DSM (GB) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Fixtures, fittings & equipment - 40% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DSM (GB) Limited (Registered number: 02943378)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. 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.

4. Employees and directors

The average number of employees during the year was 19 (2022 - 18 ) .

5. Tangible fixed assets
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
Cost
At 1 July 2022 1,224,172 294,565 1,518,737
Additions 156,246 - 156,246
Disposals (529,551 ) (4,000 ) (533,551 )
At 30 June 2023 850,867 290,565 1,141,432
Depreciation
At 1 July 2022 983,200 206,419 1,189,619
Charge for year 120,283 21,980 142,263
Eliminated on disposal (466,350 ) (3,775 ) (470,125 )
At 30 June 2023 637,133 224,624 861,757
Net book value
At 30 June 2023 213,734 65,941 279,675
At 30 June 2022 240,972 88,146 329,118

6. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment in shares 268,000 268,000

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 368,485 291,021
Amounts owed by group undertakings 707,681 356,759
Other debtors 292,399 126,214
1,368,565 773,994

DSM (GB) Limited (Registered number: 02943378)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts (see note 10) 9,518 9,518
Trade creditors 102,151 85,706
Taxation and social security 80,435 80,129
Other creditors 499,908 609,373
692,012 784,726

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts (see note 10) 2,379 11,897

10. Leasing agreements

Hire purchase contracts are secured upon the assets they relate to.

Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:-

2022 2021
£ £   
148,000 148,000

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,002 Ordinary £1 1,002 1,002

12. Related party disclosures

During the year the company entered into the following transactions with related parties:

The company entered into transactions with Advanced Investments Limited. The company paid rent amounting to £24,000 (2022 £nil - Granted a rent free period). The total amount due from Advanced Investments Limited at the year end was £268,176 (2022 £116,464)

The company entered into transactions with Sentinel Business IT Limited, a fellow group company. The company charged work done amounting to £310,921 (2022 £167,001). The total amount due from Sentinel Business IT Limited at the year end was £477,923 (2022 £167,001).

All transactions with related parties were on normal commercial terms and at arms length.

During the year, the company loaned DSM Group (GB) Limited, the parent company, amounting to £229,758 (2021 £189,758). No interest was charged to the loan.