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
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
Dmg Devon Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
33,891
Creditors: amounts falling due within one year
(22,662)
Total assets less current liabilities
2,342,400
Creditors: amounts falling due after more than one year
(2,344,213)
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
Dmg Devon Limited
Notes to the Accounts
for the period from 23 February 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Charge for the period
-
748
12
760
At 31 March 2024
-
748
12
760
At 31 March 2024
2,320,044
5,725
267
2,326,036
Dmg Devon Limited
Notes to the Accounts
for the period from 23 February 2023 to 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
2,037
6
Creditors: amounts falling due within one year
2024
Taxes and social security
1,976
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.