IRIS Accounts Production v24.1.9.2 04392914 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043929142022-10-31043929142023-10-31043929142022-11-012023-10-31043929142021-10-31043929142021-11-012022-10-31043929142022-10-3104392914ns15:EnglandWales2022-11-012023-10-3104392914ns14:PoundSterling2022-11-012023-10-3104392914ns10:Director12022-11-012023-10-3104392914ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104392914ns10:SmallEntities2022-11-012023-10-3104392914ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104392914ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104392914ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104392914ns10:FullAccounts2022-11-012023-10-3104392914ns10:OrdinaryShareClass12022-11-012023-10-3104392914ns10:Director22022-11-012023-10-3104392914ns10:RegisteredOffice2022-11-012023-10-3104392914ns5:CurrentFinancialInstruments2023-10-3104392914ns5:CurrentFinancialInstruments2022-10-3104392914ns5:Non-currentFinancialInstruments2023-10-3104392914ns5:Non-currentFinancialInstruments2022-10-3104392914ns5:ShareCapital2023-10-3104392914ns5:ShareCapital2022-10-3104392914ns5:RetainedEarningsAccumulatedLosses2023-10-3104392914ns5:RetainedEarningsAccumulatedLosses2022-10-3104392914ns5:LandBuildings2022-10-3104392914ns5:PlantMachinery2022-10-3104392914ns5:LandBuildings2022-11-012023-10-3104392914ns5:PlantMachinery2022-11-012023-10-3104392914ns5:LandBuildings2023-10-3104392914ns5:PlantMachinery2023-10-3104392914ns5:LandBuildings2022-10-3104392914ns5:PlantMachinery2022-10-3104392914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104392914ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104392914ns5:CurrentFinancialInstruments2022-11-012023-10-3104392914ns5:Non-currentFinancialInstruments2022-11-012023-10-3104392914ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 04392914 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st October 2023

for

DTMS Limited

DTMS Limited (Registered number: 04392914)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DTMS Limited

Company Information
For The Year Ended 31st October 2023







DIRECTORS: D P Lazenby
P R Lazenby





REGISTERED OFFICE: The Copse
Dalton
Thirsk
North Yorkshire
YO7 3HS





REGISTERED NUMBER: 04392914 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

DTMS Limited (Registered number: 04392914)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,024,315 864,734

CURRENT ASSETS
Stocks 72,401 40,697
Debtors 5 155,234 233,911
Investments 6 - 50
Cash at bank and in hand 185,490 217,662
413,125 492,320
CREDITORS
Amounts falling due within one year 7 225,521 237,264
NET CURRENT ASSETS 187,604 255,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,211,919

1,119,790

CREDITORS
Amounts falling due after more than one
year

8

(330,476

)

(287,472

)

PROVISIONS FOR LIABILITIES (127,078 ) (100,302 )
NET ASSETS 754,365 732,016

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 754,265 731,916
SHAREHOLDERS' FUNDS 754,365 732,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DTMS Limited (Registered number: 04392914)

Balance Sheet - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:





P R Lazenby - Director


DTMS Limited (Registered number: 04392914)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

DTMS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Summary of significant accounting policies
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Land and buildings
- 0% on freehold land and 4% on cost of buildings and structures once brought
into use

Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing
balance



Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the full selling price of work performed before the accounting date reflecting the accrual of the right to consideration as contract activity progresses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DTMS Limited (Registered number: 04392914)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit and loss in the period to which they relate.

Hire purchase
Tangible fixed assets acquired under hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Leasing commitments
Rentals payable under operating leases are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
land and machinery
buildings etc Totals
£ £ £
COST
At 1st November 2022 396,841 962,377 1,359,218
Additions 93,423 202,511 295,934
Disposals - (98,422 ) (98,422 )
Reclassification/transfer 15,715 (15,715 ) -
At 31st October 2023 505,979 1,050,751 1,556,730
DEPRECIATION
At 1st November 2022 - 494,484 494,484
Charge for year 5,584 103,888 109,472
Eliminated on disposal - (71,541 ) (71,541 )
Reclassification/transfer 9,110 (9,110 ) -
At 31st October 2023 14,694 517,721 532,415
NET BOOK VALUE
At 31st October 2023 491,285 533,030 1,024,315
At 31st October 2022 396,841 467,893 864,734

Included within freehold land and buildings is land at a cost of £312,745 on which depreciation is not charged.
No depreciation is charged in this accounting period on the buildings which are not yet in use.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade debtors 119,221 218,553
Other debtors 14,400 4,913
Corporation Tax (Repayable) 8,937 -
Prepayments 12,676 10,445
155,234 233,911

DTMS Limited (Registered number: 04392914)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

6. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£ £
Ridings Machinery Ring Limited - 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Hire purchase contracts 30,959 26,703
Trade creditors 68,039 84,437
Taxation and social security 50,410 76,641
Other creditors 76,113 49,483
225,521 237,264

Other creditors includes accruals of £21,417 ( 2022 : £10,535 )

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£ £
Hire purchase contracts 67,478 13,504
Other creditors 262,998 273,968
330,476 287,472

Other creditors includes loans of £209,903 (2022 :£224,700) payable by instalments which fall due after five years.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £ £
10,000 Ordinary £0.01 100 100

10. OTHER FINANCIAL COMMITMENTS

The Company had total operating lease commitments of £3,257 as at the balance sheet date. (2022 £605)

There were no capital commitments.

11. RELATED PARTY TRANSACTIONS

During the previous accounting year loans totalling £280,000 were advanced to the Company from a director and his group of close family members, that group containing at least one shareholder.
The loans were interest free for the first nine months to March 2023 when the repayments commenced and are on normal commercial terms thereafter.