DGB (South West) Limited 09953612 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a building contractor Digita Accounts Production Advanced 6.30.9574.0 true 09953612 2023-01-01 2023-12-31 09953612 2023-12-31 09953612 core:RetainedEarningsAccumulatedLosses 2023-12-31 09953612 core:ShareCapital 2023-12-31 09953612 core:CurrentFinancialInstruments 2023-12-31 09953612 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09953612 core:FurnitureFittingsToolsEquipment 2023-12-31 09953612 core:MotorVehicles 2023-12-31 09953612 core:OtherPropertyPlantEquipment 2023-12-31 09953612 bus:SmallEntities 2023-01-01 2023-12-31 09953612 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09953612 bus:FullAccounts 2023-01-01 2023-12-31 09953612 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09953612 bus:RegisteredOffice 2023-01-01 2023-12-31 09953612 bus:Director1 2023-01-01 2023-12-31 09953612 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09953612 bus:Agent1 2023-01-01 2023-12-31 09953612 core:FurnitureFittings 2023-01-01 2023-12-31 09953612 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09953612 core:MotorVehicles 2023-01-01 2023-12-31 09953612 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09953612 core:PlantMachinery 2023-01-01 2023-12-31 09953612 countries:EnglandWales 2023-01-01 2023-12-31 09953612 2022-12-31 09953612 core:FurnitureFittingsToolsEquipment 2022-12-31 09953612 core:MotorVehicles 2022-12-31 09953612 core:OtherPropertyPlantEquipment 2022-12-31 09953612 2022-01-01 2022-12-31 09953612 2022-12-31 09953612 core:RetainedEarningsAccumulatedLosses 2022-12-31 09953612 core:ShareCapital 2022-12-31 09953612 core:CurrentFinancialInstruments 2022-12-31 09953612 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09953612 core:FurnitureFittingsToolsEquipment 2022-12-31 09953612 core:MotorVehicles 2022-12-31 09953612 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09953612

DGB (South West) Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

DGB (South West) Limited
(Registration number: 09953612)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

DGB (South West) Limited
(Registration number: 09953612)

Company Information

Director

Mr D Green

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Bankers

Royal Bank of Scotland

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

DGB (South West) Limited
(Registration number: 09953612)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

323

590

Current assets

 

Stocks

5

2,250

2,250

Debtors

6

47,555

296,065

Cash at bank and in hand

 

553,738

483,687

 

603,543

782,002

Creditors: Amounts falling due within one year

7

(396,512)

(567,708)

Net current assets

 

207,031

214,294

Net assets

 

207,354

214,884

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

207,254

214,784

Total equity

 

207,354

214,884

For the financial year ending 31 December 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 his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr D Green
Director

 

DGB (South West) Limited
(Registration number: 09953612)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
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 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

DGB (South West) Limited
(Registration number: 09953612)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line basis

Fixtures and fittings

20% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

DGB (South West) Limited
(Registration number: 09953612)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

DGB (South West) Limited
(Registration number: 09953612)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

1,288

10,439

1,142

12,869

At 31 December 2023

1,288

10,439

1,142

12,869

Depreciation

At 1 January 2023

828

10,439

1,012

12,279

Charge for the year

230

-

37

267

At 31 December 2023

1,058

10,439

1,049

12,546

Carrying amount

At 31 December 2023

230

-

93

323

At 31 December 2022

460

-

130

590

5

Stocks

2023
£

2022
£

Other stocks

2,250

2,250

6

Debtors

2023
£

2022
£

Trade debtors

47,381

45,775

Prepayments and accrued income

174

250,290

Total current trade and other debtors

47,555

296,065

 

DGB (South West) Limited
(Registration number: 09953612)

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

109,228

248,983

Taxation and social security

50,558

83,051

Other creditors

226,178

226,239

Accrued expenses

10,548

9,435

396,512

567,708