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REGISTERED NUMBER: 05413109 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

DPMC Limited

DPMC Limited (Registered number: 05413109)

Contents of the Financial Statements
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DPMC Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: S I Walker
K Ludlow





SECRETARY: Mrs V Ludlow





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 05413109 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

DPMC Limited (Registered number: 05413109)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 252 335
252 335

CURRENT ASSETS
Debtors 6 - 205
Cash at bank 332 -
332 205
CREDITORS
Amounts falling due within one year 7 155,258 156,080
NET CURRENT LIABILITIES (154,926 ) (155,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(154,674

)

(155,540

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 (154,676 ) (155,542 )
SHAREHOLDERS' FUNDS (154,674 ) (155,540 )

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

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

DPMC Limited (Registered number: 05413109)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




K Ludlow - Director



S I Walker - Director


DPMC Limited (Registered number: 05413109)

Notes to the Financial Statements
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

DPMC 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


DPMC Limited (Registered number: 05413109)

Notes to the Financial Statements - continued
For The Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

DPMC Limited (Registered number: 05413109)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 36,629
DEPRECIATION
At 1 April 2023 36,294
Charge for year 83
At 31 March 2024 36,377
NET BOOK VALUE
At 31 March 2024 252
At 31 March 2023 335

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors - 205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts - 5,253
Taxation and social security 245 -
Other creditors 155,013 150,827
155,258 156,080

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (155,542 )
Profit for the year 866
At 31 March 2024 (154,676 )

DPMC Limited (Registered number: 05413109)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024


9. RELATED PARTY DISCLOSURES

In note 8, Creditors include £100,674 representing loan balances due to the directors at 31 March 2024.
( 2023 £106,674 )

At 31 March 2024, K Ludkow was owed £44,094 ( 2023 £50,094)
At 31 March 2024, S Walker was owed £56,580. ( 2023 £56,580)

K Ludlow also trades as Taylor Wright Kitchens and this business is owed £50,211 by the company at 31 March 2024. This loan balance is also included in other creditors as shown in note 8. (2023 £40,024 )

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of the Directors, K. Ludlow and S Walker, who each own 50% of the company's issued share capital.

11. GOING CONCERN

Whilst the company reports negative reserves of £154,676 accounts have been prepared on a going concern basis as both directors have confirmed their continuing support and have undertaken to maintain adequate loan balances, as shown in note 10, for the foreseeable future.