2022-08-01 04817861 2023-07-31 04817861 2022-08-01 2023-07-31 04817861 2022-07-31 04817861 2021-08-01 2022-07-31 04817861 uk-core:WithinOneYear 2022-07-31 04817861 uk-core:WithinOneYear 2023-07-31 04817861 uk-core:ShareCapital 2023-07-31 04817861 uk-core:ShareCapital 2022-07-31 04817861 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 04817861 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 04817861 uk-bus:Director1 2022-08-01 2023-07-31 04817861 uk-core:PlantMachinery 2022-08-01 2023-07-31 04817861 uk-core:OfficeEquipment 2022-08-01 2023-07-31 04817861 uk-core:CommercialMotorVehicles 2022-08-01 2023-07-31 04817861 uk-core:OfficeEquipment 2022-07-31 04817861 uk-core:FurnitureFittings 2022-07-31 04817861 uk-core:CommercialMotorVehicles 2022-07-31 04817861 uk-core:PlantMachinery 2022-07-31 04817861 uk-core:FurnitureFittings 2022-08-01 2023-07-31 04817861 uk-core:CommercialMotorVehicles 2023-07-31 04817861 uk-core:FurnitureFittings 2023-07-31 04817861 uk-core:OfficeEquipment 2023-07-31 04817861 uk-core:PlantMachinery 2023-07-31 04817861 uk-core:WithinOneYear 2023-07-31 04817861 uk-core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure 04817861 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04817861 uk-bus:FRS102 2022-08-01 2023-07-31 04817861 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 04817861 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Dbm Properties Ltd.
Registered Number:04817861
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Dbm Properties Ltd.
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04817861
As at 31 July 2023
Dbm Properties Ltd.
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
34,654
25,158
2
34,654
25,158
Current assets
10,153
Cash and cash equivalents
5,520
5,520
10,153
Trade and other payables: amounts falling due within one year
(31,973)
(28,673)
3
(21,820)
(23,153)
Net current liabilities
Total assets less current liabilities
11,501
3,338
11,501
Net assets
3,338
Capital and reserves
Called up share capital
4
4
Retained earnings
11,497
3,334
11,501
3,338
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D Sturrock Director
These financial statements were approved and authorised for issue by the Board on 12 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
Dbm Properties Ltd.
Notes to the Financial Statements
Statutory Information
Dbm Properties Ltd. is a private limited company, limited by shares, domiciled in England and Wales, registration number 04817861.
Principal place of business:
Unit 12, Castle Road Precinct
Sittingbourne
Kent
ME10 3RP
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2023
Dbm Properties Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 August 2022
91,324
7,062
26,500
50,549
7,213
24,152
5,882
-
-
18,270
Additions
(4,549)
-
(17,114)
(2,913)
Disposals
(24,576)
At 31 July 2023
33,435
26,500
8,395
90,900
22,570
Provision for depreciation and impairment
At 01 August 2022
66,166
6,184
11,594
41,921
6,467
Charge for year
11,553
1,628
3,727
1,488
4,710
(21,473)
(4,298)
-
(14,436)
(2,739)
On disposal
At 31 July 2023
56,246
3,514
15,321
28,973
8,438
At 31 July 2023
Net book value
14,132
4,462
11,179
4,881
34,654
At 31 July 2022
746
8,628
14,906
878
25,158
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
11,268
13,012
Trade creditors
3,284
5,846
Taxation and social security
13,760
12,252
Other creditors
361
863
28,673
31,973
4. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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