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
DM Couture Ltd
Company Information
for the year ended 31 October 2023
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
DM Couture Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
60,495
67,624
Cash at bank and in hand
1,703
19,814
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)
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
DM Couture Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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.
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 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.
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
At 31 October 2023
150,000
1,340
151,340
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
At 31 October 2023
60,000
495
60,495
At 31 October 2022
67,500
124
67,624
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
Trade creditors
22,937
20,384
Taxes and social security
44,372
44,311
Loans from directors
(119,740)
(103,611)
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan outstanding from the director at 31102022
103,611
16,129
-
119,740
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).