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REGISTERED NUMBER: 10521371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

DMS Kilham Ltd

DMS Kilham Ltd (Registered number: 10521371)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DMS Kilham Ltd

Company Information
for the Year Ended 31 December 2023







Directors: Mr D W Sheader
Mrs R A Sheader





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 10521371 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

DMS Kilham Ltd (Registered number: 10521371)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,737 96,558

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 4,571 3,300
Cash at bank 8,892 18,381
16,463 24,681
CREDITORS
Amounts falling due within one year 6 80,048 94,885
NET CURRENT LIABILITIES (63,585 ) (70,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,152

26,354

CREDITORS
Amounts falling due after more than one
year

7

23,586

916
NET ASSETS 27,566 25,438

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 27,465 25,337
SHAREHOLDERS' FUNDS 27,566 25,438

DMS Kilham Ltd (Registered number: 10521371)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 10 April 2024 and were signed on its behalf by:





Mr D W Sheader - Director


DMS Kilham Ltd (Registered number: 10521371)

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

1. STATUTORY INFORMATION

DMS Kilham Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


DMS Kilham Ltd (Registered number: 10521371)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 25,465 99,264 22,243 1,232 148,204
Additions - 72,930 - - 72,930
Disposals - (71,715 ) - - (71,715 )
At 31 December 2023 25,465 100,479 22,243 1,232 149,419
DEPRECIATION
At 1 January 2023 2,285 29,954 18,284 1,123 51,646
Charge for year 509 6,309 990 36 7,844
Eliminated on disposal - (24,808 ) - - (24,808 )
At 31 December 2023 2,794 11,455 19,274 1,159 34,682
NET BOOK VALUE
At 31 December 2023 22,671 89,024 2,969 73 114,737
At 31 December 2022 23,180 69,310 3,959 109 96,558

DMS Kilham Ltd (Registered number: 10521371)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 56,960 22,243 79,203
Additions 70,250 - 70,250
Disposals (46,500 ) - (46,500 )
Transfer to ownership (10,460 ) (22,243 ) (32,703 )
At 31 December 2023 70,250 - 70,250
DEPRECIATION
At 1 January 2023 15,807 18,284 34,091
Charge for year 1,682 990 2,672
Eliminated on disposal (12,904 ) - (12,904 )
Transfer to ownership (4,037 ) (19,274 ) (23,311 )
At 31 December 2023 548 - 548
NET BOOK VALUE
At 31 December 2023 69,702 - 69,702
At 31 December 2022 41,153 3,959 45,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 720 3,300
VAT 3,851 -
4,571 3,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,724 13,077
Social security and other taxes 119 122
VAT - 3,588
Directors' current accounts 62,808 76,797
Accruals and deferred income 1,397 1,301
80,048 94,885

DMS Kilham Ltd (Registered number: 10521371)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 23,586 916

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
101 101