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Company Registration No. 10107292 (England and Wales)
DM Couture Ltd Unaudited accounts for the year ended 31 October 2023
DM Couture Ltd Unaudited accounts Contents
Page
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DM Couture Ltd Company Information for the year ended 31 October 2023
Director
Deborah Milner
Company Number
10107292 (England and Wales)
Registered Office
Office 20, CP House Otterspool Way Watford Herts WD25 8HR England
Accountants
Peter Dell CCA Office 20, CP House Otterspool Way Watford Herts WD25 8HR
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DM Couture Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,495 
67,624 
Current assets
Debtors
11,402 
11,402 
Cash at bank and in hand
1,703 
19,814 
13,105 
31,216 
Creditors: amounts falling due within one year
23,478 
6,986 
Net current assets
36,583 
38,202 
Total assets less current liabilities
97,078 
105,826 
Creditors: amounts falling due after more than one year
(35,518)
(40,000)
Provisions for liabilities
Deferred tax
(11,444)
(12,848)
Net assets
50,116 
52,978 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
50,115 
52,977 
Shareholders' funds
50,116 
52,978 
For the year ending 31 October 2023 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 director acknowledges her 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Deborah Milner Director Company Registration No. 10107292
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DM Couture Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
DM Couture Ltd is a private company, limited by shares, registered in England and Wales, registration number 10107292. The registered office is Office 20, CP House, Otterspool Way, Watford, Herts, WD25 8HR, 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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight line
Fixtures & fittings
20% reducing balance
Deferred taxation
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 accounts. 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.
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DM Couture Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
150,000 
845 
150,845 
Additions
- 
495 
495 
At 31 October 2023
150,000 
1,340 
151,340 
Depreciation
At 1 November 2022
82,500 
721 
83,221 
Charge for the year
7,500 
124 
7,624 
At 31 October 2023
90,000 
845 
90,845 
Net book value
At 31 October 2023
60,000 
495 
60,495 
At 31 October 2022
67,500 
124 
67,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
11,402 
11,402 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
17,577 
17,576 
Trade creditors
22,937 
20,384 
Taxes and social security
44,372 
44,311 
Loans from directors
(119,740)
(103,611)
Accruals
1,376 
4,354 
(23,478)
(6,986)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,518 
40,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Deborah Milner
Loan outstanding from the director at 31102022
103,611 
16,129 
- 
119,740 
103,611 
16,129 
- 
119,740 
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DM Couture Ltd Notes to the Accounts for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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