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REGISTERED NUMBER: 07155985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Resolute DTG Ltd

Resolute DTG Ltd (Registered number: 07155985)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Resolute DTG Ltd

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mrs R S Marsh
C J Marsh





REGISTERED OFFICE: Unit 5
Wingfield Court
Clay Cross
Derbyshire
S45 9JA





REGISTERED NUMBER: 07155985 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
Chartered Certified Accountants
& Statutory Auditor
2 President Buildings
Sheffield
South Yorkshire
S4 7UQ

Resolute DTG Ltd (Registered number: 07155985)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 257,982 257,982
Property, plant and equipment 5 228,597 106,753
486,579 364,735

CURRENT ASSETS
Inventories 466,397 500,052
Debtors 6 379,195 301,300
Cash at bank and in hand 247,369 120,601
1,092,961 921,953
CREDITORS
Amounts falling due within one year 7 695,733 602,481
NET CURRENT ASSETS 397,228 319,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

883,807

684,207

CREDITORS
Amounts falling due after more than
one year

8

(169,244

)

(184,803

)

PROVISIONS FOR LIABILITIES (42,220 ) (13,686 )
NET ASSETS 672,343 485,718

Resolute DTG Ltd (Registered number: 07155985)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 672,243 485,618
SHAREHOLDERS' FUNDS 672,343 485,718

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





C J Marsh - Director


Resolute DTG Ltd (Registered number: 07155985)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Resolute DTG 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Land and buildings - 20% on cost
Plant and machinery etc - 50% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

STOCKS
Inventories 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 Comprehensive Income, 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 statement of financial position date.


Resolute DTG Ltd (Registered number: 07155985)

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 statement of financial position 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 16 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 257,982
NET BOOK VALUE
At 31 December 2023 257,982
At 31 December 2022 257,982

Development costs in respect of new DTG print machines have been capitalised this year.

Resolute DTG Ltd (Registered number: 07155985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 600 - 16,125
Additions - 84,222 10,900
At 31 December 2023 600 84,222 27,025
DEPRECIATION
At 1 January 2023 600 - 10,044
Charge for year - - 1,871
At 31 December 2023 600 - 11,915
NET BOOK VALUE
At 31 December 2023 - 84,222 15,110
At 31 December 2022 - - 6,081

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 30,241 103,596 23,374 173,936
Additions 543 60,995 - 156,660
At 31 December 2023 30,784 164,591 23,374 330,596
DEPRECIATION
At 1 January 2023 11,203 22,046 23,290 67,183
Charge for year 3,890 29,013 42 34,816
At 31 December 2023 15,093 51,059 23,332 101,999
NET BOOK VALUE
At 31 December 2023 15,691 113,532 42 228,597
At 31 December 2022 19,038 81,550 84 106,753

Resolute DTG Ltd (Registered number: 07155985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 230,845 190,264
Other debtors 148,350 111,036
379,195 301,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,397 32,142
Hire purchase contracts 23,972 22,524
Trade creditors 53,536 60,527
Taxation and social security 192,340 142,512
Other creditors 412,488 344,776
695,733 602,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 16,854 25,816
Hire purchase contracts 64,392 44,208
Other creditors 87,998 114,779
169,244 184,803

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
C J Marsh and Mrs R S Marsh
Balance outstanding at start of year 81,565 76,006
Amounts advanced 1,000 39,559
Amounts repaid (4,000 ) (34,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,565 81,565

No interest is charged on directors loan balances. Any overdrawn loan account balances are repayable on demand by the company.

Resolute DTG Ltd (Registered number: 07155985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 90% of the share capital.