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Registration number: 04764187

DMG Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

DMG Systems Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

DMG Systems Limited

Company Information

Director

Mr David Mark Griffiths

Company secretary

Mrs Lindsay Griffiths

Registered office

5 Clos Ty Mawr
Penllergaer
Swansea
SA4 1DA

Accountants

Fergusons and Peters
4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DMG Systems Limited
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DMG Systems Limited for the year ended 30 June 2023 as set out on pages 3 to 4 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of DMG Systems Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DMG Systems Limited and state those matters that we have agreed to state to the Board of Directors of DMG Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DMG Systems Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DMG Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DMG Systems Limited. You consider that DMG Systems 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 accounts of DMG Systems 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 accounts.

......................................

Fergusons and Peters
4 High Street
Pontardawe
Swansea
West Glamorgan
SA8 4HU

12 March 2024

 

DMG Systems Limited

(Registration number: 04764187)
Balance Sheet as at 30 June 2023

2023
£

2022
£

Fixed assets

34,122

37,152

Current assets

76,860

61,715

Prepayments and accrued income

-

1,368

Creditors: Amounts falling due within one year

(25,481)

(12,250)

Net current assets

51,379

50,833

Total assets less current liabilities

85,501

87,985

Creditors: Amounts falling due after more than one year

(30,135)

(38,155)

Accruals and deferred income

(750)

(750)

 

54,616

49,080

Capital and reserves

54,616

49,080

1

General information

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

The address of its registered office is:
5 Clos Ty Mawr
Penllergaer
Swansea
SA4 1DA

These financial statements were authorised for issue by the director on 12 March 2024.

Basis of preparation

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

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

Director's responsibilities:

 

DMG Systems Limited

(Registration number: 04764187)
Balance Sheet as at 30 June 2023

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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 12 March 2024
 

.........................................
Mr David Mark Griffiths
Director