Silverfin false false 30/09/2023 01/10/2022 30/09/2023 Donald Mackenzie 04/09/2008 04 March 2024 no description of principal activity SC348103 2023-09-30 SC348103 bus:Director1 2023-09-30 SC348103 2022-09-30 SC348103 core:CurrentFinancialInstruments 2023-09-30 SC348103 core:CurrentFinancialInstruments 2022-09-30 SC348103 core:ShareCapital 2023-09-30 SC348103 core:ShareCapital 2022-09-30 SC348103 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC348103 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC348103 core:OtherPropertyPlantEquipment 2022-09-30 SC348103 core:OtherPropertyPlantEquipment 2023-09-30 SC348103 bus:OrdinaryShareClass1 2023-09-30 SC348103 2022-10-01 2023-09-30 SC348103 bus:FilletedAccounts 2022-10-01 2023-09-30 SC348103 bus:SmallEntities 2022-10-01 2023-09-30 SC348103 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC348103 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC348103 bus:Director1 2022-10-01 2023-09-30 SC348103 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-10-01 2023-09-30 SC348103 2021-10-01 2022-09-30 SC348103 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 SC348103 core:CurrentFinancialInstruments 2022-10-01 2023-09-30 SC348103 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC348103 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC348103 (Scotland)

DMPM SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

DMPM SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023

Contents

DMPM SERVICES LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2023
DMPM SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,940 0
1,940 0
Current assets
Stocks 78,486 78,486
Debtors 4 765 145
Cash at bank and in hand 615,514 676,975
694,765 755,606
Creditors: amounts falling due within one year 5 ( 34,334) ( 52,456)
Net current assets 660,431 703,150
Total assets less current liabilities 662,371 703,150
Net assets 662,371 703,150
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 661,371 702,150
Total shareholders' funds 662,371 703,150

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of DMPM Services Limited (registered number: SC348103) were approved and authorised for issue by the Director on 04 March 2024. They were signed on its behalf by:

Donald Mackenzie
Director
DMPM SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
DMPM SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DMPM Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is The Meadows Caulfield Road North, Cradlehall, Inverness, IV2 5NQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2022 20,743 20,743
Additions 2,376 2,376
At 30 September 2023 23,119 23,119
Accumulated depreciation
At 01 October 2022 20,743 20,743
Charge for the financial year 436 436
At 30 September 2023 21,179 21,179
Net book value
At 30 September 2023 1,940 1,940
At 30 September 2022 0 0

4. Debtors

2023 2022
£ £
Other debtors 765 145

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 824 822
Taxation and social security 318 6,371
Other creditors 33,192 45,263
34,334 52,456

Included in other creditors is a loan from the Director of £5,504 (2022 - £21,063).

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Key management personnel 5,504 21,063

Other related party transactions

2023 2022
£ £
Other related parties 25,000 21,500