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REGISTERED NUMBER: 04785823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

DGM Builders Limited

DGM Builders Limited (Registered number: 04785823)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DGM Builders Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T Mills
C Mills





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 04785823 (England and Wales)





ACCOUNTANTS: Byte Accounting Ltd
4, New Humberstone House
40 Thurmaston Lane
Leicester
LE5 0TE

DGM Builders Limited (Registered number: 04785823)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,172 45,543

CURRENT ASSETS
Stocks 165,500 295,553
Debtors 5 863,837 421,716
Cash at bank 368,209 324,436
1,397,546 1,041,705
CREDITORS
Amounts falling due within one year 6 944,642 702,654
NET CURRENT ASSETS 452,904 339,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,076

384,594

PROVISIONS FOR LIABILITIES 27,293 8,653
NET ASSETS 534,783 375,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 534,683 375,841
534,783 375,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

DGM Builders Limited (Registered number: 04785823)

Balance Sheet - continued
31 January 2024


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 18 July 2024 and were signed on its behalf by:




T Mills - Director



C Mills - Director


DGM Builders Limited (Registered number: 04785823)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

DGM Builders 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

Basis of preparing the financial statements
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DGM Builders Limited (Registered number: 04785823)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 24,107 101,623 125,730
Additions 9,640 75,498 85,138
At 31 January 2024 33,747 177,121 210,868
DEPRECIATION
At 1 February 2023 20,781 59,406 80,187
Charge for year 3,306 18,203 21,509
At 31 January 2024 24,087 77,609 101,696
NET BOOK VALUE
At 31 January 2024 9,660 99,512 109,172
At 31 January 2023 3,326 42,217 45,543

DGM Builders Limited (Registered number: 04785823)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 798,575 385,805
Other debtors 65,262 35,911
863,837 421,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 551,830 466,778
Taxation and social security 384,694 235,876
Other creditors 8,118 -
944,642 702,654

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
T Mills
Balance outstanding at start of year 33,511 (278 )
Amounts advanced 28,500 140,481
Amounts repaid (52,000 ) (106,692 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,011 33,511

C Mills
Balance outstanding at start of year - -
Amounts advanced 86,340 -
Amounts repaid (94,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,160 ) -

8. RELATED PARTY DISCLOSURES

The controlling party is T Mills.