1 August 2022 false No description of principal activity Taxfiler 2023.14 09695936business:PrivateLimitedCompanyLtd2022-08-012023-07-31 096959362022-07-31 096959362022-08-012023-07-31 09695936business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 09695936business:FilletedAccounts2022-08-012023-07-31 096959362023-07-31 09695936business:Director12022-08-012023-07-31 09695936business:RegisteredOffice2022-08-012023-07-31 096959362022-07-31 09695936core:WithinOneYear2023-07-31 09695936core:WithinOneYear2022-07-31 09695936core:AfterOneYear2023-07-31 09695936core:AfterOneYear2022-07-31 09695936core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 09695936core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 09695936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 09695936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 09695936core:PreviouslyStatedAmount2023-07-31 09695936core:PreviouslyStatedAmount2022-07-31 09695936business:SmallEntities2022-08-012023-07-31 09695936countries:EnglandWales2022-08-012023-07-31 09695936core:MotorVehicles2022-08-012023-07-31 09695936core:ComputerEquipment2022-08-012023-07-31 09695936core:MotorVehicles2022-07-31 09695936core:ComputerEquipment2022-07-31 09695936core:MotorVehicles2023-07-31 09695936core:ComputerEquipment2023-07-31 096959362021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 09695936 (England and Wales)
DG Drylining Limited Unaudited accounts for the year ended 31 July 2023
DG Drylining Limited Unaudited accounts Contents
Page
- 2 -
DG Drylining Limited Company Information for the year ended 31 July 2023
Director
DJ Goodliffe
Company Number
09695936 (England and Wales)
Registered Office
23 BROOKLYN DRIVE RAYLEIGH SS6 9LW ENGLAND
Accountants
The Straightener Limited 83 Ducie Street Manchester M1 2JQ
- 3 -
DG Drylining Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,816 
6,033 
Current assets
Debtors
9,915 
8,227 
Cash at bank and in hand
38,996 
27,330 
48,911 
35,557 
Creditors: amounts falling due within one year
(31,983)
(24,243)
Net current assets
16,928 
11,314 
Total assets less current liabilities
39,744 
17,347 
Creditors: amounts falling due after more than one year
(7,744)
(11,569)
Provisions for liabilities
Deferred tax
(4,334)
(676)
Net assets
27,666 
5,102 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,566 
5,002 
Shareholders' funds
27,666 
5,102 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2024 and were signed on its behalf by
DJ Goodliffe Director Company Registration No. 09695936
- 4 -
DG Drylining Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
DG Drylining Limited is a private company, limited by shares, registered in England and Wales, registration number 09695936. The registered office is 23 BROOKLYN DRIVE, RAYLEIGH, SS6 9LW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The company has the full financial support of its director and therefore, the director considers that it is appropriate to prepare the financial statements on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
DG Drylining Limited Notes to the Accounts for the year ended 31 July 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
16,475 
549 
17,024 
Additions
22,200 
- 
22,200 
Disposals
(12,000)
- 
(12,000)
At 31 July 2023
26,675 
549 
27,224 
Depreciation
At 1 August 2022
10,911 
80 
10,991 
Charge for the year
1,938 
117 
2,055 
On disposals
(8,638)
- 
(8,638)
At 31 July 2023
4,211 
197 
4,408 
Net book value
At 31 July 2023
22,464 
352 
22,816 
At 31 July 2022
5,564 
469 
6,033 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,739 
1,722 
Other debtors
8,176 
6,505 
9,915 
8,227 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,320 
4,380 
Obligations under finance leases and hire purchase contracts
- 
1,415 
Taxes and social security
11,278 
14,901 
Loans from directors
15,129 
2,291 
Accruals
1,256 
1,256 
31,983 
24,243 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,744 
11,569 
- 6 -
DG Drylining Limited Notes to the Accounts for the year ended 31 July 2023
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
- 7 -