23 February 2023 false No description of principal activity Taxfiler 2024.4 14683752business:PrivateLimitedCompanyLtd2023-02-232024-03-31 146837522023-02-22 146837522023-02-232024-03-31 14683752business:AuditExemptWithAccountantsReport2023-02-232024-03-31 14683752business:FilletedAccounts2023-02-232024-03-31 146837522024-03-31 14683752business:Director12023-02-232024-03-31 14683752business:Director22023-02-232024-03-31 14683752business:RegisteredOffice2023-02-232024-03-31 14683752core:WithinOneYear2024-03-31 14683752core:AfterOneYear2024-03-31 14683752core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14683752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14683752core:PreviouslyStatedAmount2024-03-31 14683752business:SmallEntities2023-02-232024-03-31 14683752countries:EnglandWales2023-02-232024-03-31 14683752core:LandBuildings2023-02-232024-03-31 14683752core:PlantMachinery2023-02-232024-03-31 14683752core:MotorVehicles2023-02-232024-03-31 14683752core:ComputerEquipment2023-02-232024-03-31 14683752core:LandBuildings2023-02-22 14683752core:PlantMachinery2023-02-22 14683752core:ComputerEquipment2023-02-22 14683752core:LandBuildings2024-03-31 14683752core:PlantMachinery2024-03-31 14683752core:ComputerEquipment2024-03-31 14683752core:AfterOneYear2023-02-232024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14683752 (England and Wales)
Dmg Devon Limited Unaudited accounts for the period from 23 February 2023 to 31 March 2024
Dmg Devon Limited Unaudited accounts Contents
Page
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Dmg Devon Limited Company Information for the period from 23 February 2023 to 31 March 2024
Directors
Philip Robert Sweetland Ruth Suzanne Sweetland
Company Number
14683752 (England and Wales)
Registered Office
Adjavin Farm Clovelly Road Bideford Devon EX39 3QU England
Accountants
CMJ Accounting Ltd 40 Sampsons Plantation Fremington Barnstaple England EX31 3FF
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Dmg Devon Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
2,326,036 
Current assets
Debtors
5,135 
Cash at bank and in hand
33,891 
39,026 
Creditors: amounts falling due within one year
(22,662)
Net current assets
16,364 
Total assets less current liabilities
2,342,400 
Creditors: amounts falling due after more than one year
(2,344,213)
Net liabilities
(1,813)
Capital and reserves
Called up share capital
200 
Profit and loss account
(2,013)
Shareholders' funds
(1,813)
For the period ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Ruth Suzanne Sweetland Director Company Registration No. 14683752
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Dmg Devon Limited Notes to the Accounts for the period from 23 February 2023 to 31 March 2024
1
Statutory information
Dmg Devon Limited is a private company, limited by shares, registered in England and Wales, registration number 14683752. The registered office is Adjavin Farm, Clovelly Road, Bideford, Devon, EX39 3QU, 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 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.
Presentation currency
The accounts are presented in £ sterling.
Depreciation Policy
Depreciation is calculated to write down the cost, less estimated residual value, of all tangible fixed assets over their expected useful lives. Only items costing £100 or more will be considered material and treated as capital expenditure for fixed asset purposes. Items costing less than £100 will be treated as revenue expenditure. DMG Devon Limited will use the following rates:
Land & buildings
no depreciation
Plant & machinery
20% on a straight line basis
Motor vehicles
25% on a reducing balance basis
Computer equipment
33.3% on a straight line basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 23 February 2023
- 
- 
- 
- 
Additions
2,320,044 
6,473 
279 
2,326,796 
At 31 March 2024
2,320,044 
6,473 
279 
2,326,796 
Depreciation
Charge for the period
- 
748 
12 
760 
At 31 March 2024
- 
748 
12 
760 
Net book value
At 31 March 2024
2,320,044 
5,725 
267 
2,326,036 
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Dmg Devon Limited Notes to the Accounts for the period from 23 February 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
2,448 
Accrued income and prepayments
2,037 
Other debtors
650 
5,135 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
4,111 
Taxes and social security
1,976 
Other creditors
721 
Accruals
12,786 
Deferred income
3,068 
22,662 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
2,344,213 
The Directors have provided a loan to the Company of £2,344,213. For £280,995 of the loan, interest is charged at the rate equal to that paid by National Savings and Investments on the Director's Direct Savers Account and it is payable on a monthly basis. The remainder of the loan is charged interest at an annual rate of 1% of any outstanding balance.
8
Average number of employees
During the period the average number of employees was 0.
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