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REGISTERED NUMBER: 02780345 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D.Q.M. LTD.

D.Q.M. LTD. (REGISTERED NUMBER: 02780345)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.Q.M. LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr A I Jennings





SECRETARY: Mrs H D Jennings





REGISTERED OFFICE: Unit 6
Blackbrook Business Park
Blackbrook Road
Fareham
Hampshire
PO15 5DR





REGISTERED NUMBER: 02780345 (England and Wales)






D.Q.M. LTD. (REGISTERED NUMBER: 02780345)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,128 102,333

CURRENT ASSETS
Stocks 39,347 39,114
Debtors 5 175,599 536,604
Cash at bank 214,520 199,172
429,466 774,890
CREDITORS
Amounts falling due within one year 6 258,688 520,729
NET CURRENT ASSETS 170,778 254,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,906

356,494

CREDITORS
Amounts falling due after more than one
year

7

(22,622

)

(30,000

)

PROVISIONS FOR LIABILITIES (20,282 ) (25,311 )
NET ASSETS 209,002 301,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 208,902 301,083
209,002 301,183

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 director acknowledges his 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 director and authorised for issue on 18 October 2024 and were signed by:



Mr A I Jennings - Director


D.Q.M. LTD. (REGISTERED NUMBER: 02780345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

D.Q.M. 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.
Plant and machinery - 20% straight line
Fixtures and fittings - 20% - 33% straight line
Motor vehicles - 25% straight line

All fixed assets are initially recorded at 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 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.

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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

D.Q.M. LTD. (REGISTERED NUMBER: 02780345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 64,769 51,159 134,900 250,828
Additions 10,318 12,172 - 22,490
Disposals (1,517 ) (12,052 ) (25,310 ) (38,879 )
At 31 March 2024 73,570 51,279 109,590 234,439
DEPRECIATION
At 1 April 2023 37,715 30,278 80,502 148,495
Charge for year 10,378 8,740 24,072 43,190
Eliminated on disposal (1,297 ) (11,919 ) (25,158 ) (38,374 )
At 31 March 2024 46,796 27,099 79,416 153,311
NET BOOK VALUE
At 31 March 2024 26,774 24,180 30,174 81,128
At 31 March 2023 27,054 20,881 54,398 102,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 121,796 362,749
Other debtors 53,803 173,855
175,599 536,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,021 10,000
Hire purchase contracts 3,497 -
Trade creditors 37,813 137,535
Taxation and social security 76,361 120,087
Other creditors 127,996 253,107
258,688 520,729

D.Q.M. LTD. (REGISTERED NUMBER: 02780345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 2,622 -
22,622 30,000