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REGISTERED NUMBER: 04433490 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

DSM FLOORING LIMITED

DSM FLOORING LIMITED (Registered number: 04433490)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DSM FLOORING LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D S MCCANN
MRS S K MCCANN





SECRETARY: M MCNEILL





REGISTERED OFFICE: 54 HAWKSWORTH LANE
GUISELEY
LEEDS
West Yorkshire





REGISTERED NUMBER: 04433490 (England and Wales)





ACCOUNTANTS: MALCOLM MCNEILL CA
16 BIRCHDALE
OAKWOOD PARK
BINGLEY
West Yorkshire
BD16 4SE

DSM FLOORING LIMITED (Registered number: 04433490)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of WALL AND FLOOR TILING

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

D S MCCANN
MRS S K MCCANN

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D S MCCANN - Director


1 September 2024

DSM FLOORING LIMITED (Registered number: 04433490)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 1,157,821 1,114,300

Cost of sales (858,435 ) (714,350 )
GROSS PROFIT 299,386 399,950

Administrative expenses (171,749 ) (174,877 )
OPERATING PROFIT 4 127,637 225,073

Interest receivable and similar
income

1,094

203
128,731 225,276

Interest payable and similar
expenses

(7,359

)

(5,897

)
PROFIT BEFORE TAXATION 121,372 219,379

Tax on profit (30,073 ) (45,277 )
PROFIT FOR THE FINANCIAL YEAR 91,299 174,102

DSM FLOORING LIMITED (Registered number: 04433490)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,547 12,421

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 197,453 235,808
Cash at bank and in hand 132,437 126,543
339,890 372,351
CREDITORS
Amounts falling due within one year 7 (119,941 ) (143,023 )
NET CURRENT ASSETS 219,949 229,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,496

241,749

CREDITORS
Amounts falling due after more than
one year

8

(42,920

)

(68,472

)
NET ASSETS 181,576 173,277

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 181,574 173,275
181,576 173,277

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

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

DSM FLOORING LIMITED (Registered number: 04433490)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2024 and were signed on its behalf by:





D S MCCANN - Director


DSM FLOORING LIMITED (Registered number: 04433490)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

DSM FLOORING 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.

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 - 25% on cost

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 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.

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.

DSM FLOORING LIMITED (Registered number: 04433490)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 7,874 8,990

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 91,897
DEPRECIATION
At 1 June 2023 79,476
Charge for year 7,874
At 31 May 2024 87,350
NET BOOK VALUE
At 31 May 2024 4,547
At 31 May 2023 12,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 191,064 220,636
Other debtors 6,389 15,172
197,453 235,808

DSM FLOORING LIMITED (Registered number: 04433490)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts (see note 9)
5,552

5,552
Trade creditors 24,383 59,110
Taxation and social security 69,772 57,808
Other creditors 234 553
119,941 143,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 40,000 60,000
Hire purchase contracts (see note 9)
2,920

8,472
42,920 68,472

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 5,552 5,552
Between one and five years 2,920 8,472
8,472 14,024

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 19,000 16,000
Between one and five years 76,000 16,000
In more than five years 95,000 -
190,000 32,000