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Company registration number: 09604157

DMD Legal Services Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 May 2023

 

DMD Legal Services Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

DMD Legal Services Limited

Company Information

Director

Ms D M Draisey

Registered office

7 Waterside Court
St. Helens
Merseyside
WA9 1UA

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DMD Legal Services Limited
for the Year Ended 30 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DMD Legal Services Limited for the year ended 30 May 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of DMD Legal Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DMD Legal Services Limited and state those matters that we have agreed to state to the Board of Directors of DMD Legal Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DMD Legal Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DMD Legal Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DMD Legal Services Limited. You consider that DMD Legal Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of DMD Legal Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

14 August 2024

 

DMD Legal Services Limited

(Registration number: 09604157)
Balance Sheet as at 30 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

48,931

10,265

Current assets

 

Debtors

5

250,993

218,510

Cash at bank and in hand

 

-

84,205

 

250,993

302,715

Creditors: Amounts falling due within one year

6

(142,840)

(130,930)

Net current assets

 

108,153

171,785

Total assets less current liabilities

 

157,084

182,050

Creditors: Amounts falling due after more than one year

6

(23,333)

(30,000)

Provisions for liabilities

(2,916)

(1,950)

Net assets

 

130,835

150,100

Capital and reserves

 

Called up share capital

1

1

Retained earnings

130,834

150,099

Shareholders' funds

 

130,835

150,100

For the financial year ending 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 August 2024
 

 

DMD Legal Services Limited

(Registration number: 09604157)
Balance Sheet as at 30 May 2023

.........................................
Ms D M Draisey
Director

   
     
 

DMD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared on the historical cost basis. The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the sale of services net of value added tax, rebates and discounts. Sales of services are recognised when the company has delivered the services to the customer and they are accepted.

Deferred tax

Deferred tax is provided in fullin respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.


 

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

DMD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2023

Asset class

Depreciation method and rate

Computer equipment

25% straight line

Fixtures and fittings

15% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

DMD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2023

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 31 May 2022

13,290

949

14,239

Additions

45,450

2,099

47,549

At 30 May 2023

58,740

3,048

61,788

Depreciation

At 31 May 2022

3,025

949

3,974

Charge for the year

8,358

525

8,883

At 30 May 2023

11,383

1,474

12,857

Carrying amount

At 30 May 2023

47,357

1,574

48,931

At 30 May 2022

10,265

-

10,265

5

Debtors

2023
£

2022
£

Trade debtors

49,680

36,542

Other debtors

201,313

181,968

250,993

218,510

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

30,544

10,000

Corporation tax

 

77,277

90,134

Other creditors

 

35,019

30,796

 

142,840

130,930

 

DMD Legal Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

23,333

30,000

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

23,333

30,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Bank overdrafts

20,544

-

30,544

10,000

8

Related party transactions

Transactions with the director

2023

At 31 May 2022
£

Advances to director
£

Repayments by director
£

At 30 May 2023
£

Ms D M Draisey

Directors loan account

154,826

150,500

(154,032)

151,294

         
       

 

2022

At 31 May 2021
£

Advances to director
£

Repayments by director
£

At 30 May 2022
£

Ms D M Draisey

Directors loan account

83,511

117,750

(46,435)

154,826

         
       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.