Registered number
10860786
DMWF Ltd
Filleted Accounts
31 July 2023
DMWF Ltd
Registered number: 10860786
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,927 38,569
28,927 38,569
Current assets
Debtors 4 325,631 133,231
Cash at bank and in hand 139,159 182,639
464,790 315,870
Creditors: amounts falling due within one year 5 (167,597) (68,156)
Net current assets 297,193 247,714
Total assets less current liabilities 326,120 286,283
Net assets 326,120 286,283
Capital and reserves
Called up share capital 100 100
Profit and loss account 326,020 286,183
Shareholders' funds 326,120 286,283
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Johnson
Director
Approved by the board on 28 April 2024
DMWF Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 - 48,211 - 48,211
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 July 2023 - 48,211 - 48,211
Depreciation
At 1 August 2022 - 9,642 - 9,642
Charge for the year - 9,642 - 9,642
Surplus on revaluation - - - -
On disposals - - - -
At 31 July 2023 - 19,284 - 19,284
Net book value
At 31 July 2023 - 28,927 - 28,927
At 31 July 2022 - 38,569 - 38,569
4 Debtors 2023 2022
£ £
Trade debtors 34,821 47,421
Other debtors 290,810 85,810
325,631 133,231
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 53,511 34,068
Taxation and social security costs 43,172 (43,120)
Other creditors 70,914 77,208
167,597 68,156
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
I Johnson
Loan - 11,000 - 11,000
- 11,000 - 11,000
7 Other information
DMWF Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Armada House
Telephone Avenue
Bristol
BS1 4BQ
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