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Registration number: 07481934

DG Accountancy Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

DG Accountancy Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

DG Accountancy Services Limited

Company Information

Director

Mr DA Gingles

Registered office

17 Stonecot Hill
Sutton
Surrey
SM3 9HB

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

DG Accountancy Services Limited

(Registration number: 07481934)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,783

2,271

Current assets

 

Debtors

5

140,197

128,541

Creditors: Amounts falling due within one year

6

(100,888)

(88,707)

Net current assets

 

39,309

39,834

Total assets less current liabilities

 

41,092

42,105

Creditors: Amounts falling due after more than one year

6

(30,591)

(35,833)

Net assets

 

10,501

6,272

Capital and reserves

 

Called up share capital

101

101

Retained earnings

10,400

6,171

Shareholders' funds

 

10,501

6,272

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 9 February 2024
 

.........................................
Mr DA Gingles
Director

 

DG Accountancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

These financial statements were authorised for issue by the director on 9 February 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

DG Accountancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

9,543

4,891

14,434

Additions

464

-

464

At 31 January 2024

10,007

4,891

14,898

Depreciation

At 1 February 2023

8,431

3,732

12,163

Charge for the year

461

491

952

At 31 January 2024

8,892

4,223

13,115

Carrying amount

At 31 January 2024

1,115

668

1,783

At 31 January 2023

1,112

1,159

2,271

5

Debtors

Current

2024
£

2023
£

Trade debtors

6,165

11,300

Other debtors

134,032

117,241

 

140,197

128,541

 

DG Accountancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

23,122

25,118

Trade creditors

 

3,649

4,363

Taxation and social security

 

59,490

43,189

Accruals and deferred income

 

10,000

13,000

Other creditors

 

4,627

3,037

 

100,888

88,707

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

30,591

35,833

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

30,591

35,833

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

9,372

8,636

Other borrowings

13,750

16,482

23,122

25,118