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REGISTERED NUMBER: 13536219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

DM Carpentry & Building Solutions
Limited

DM Carpentry & Building Solutions
Limited (Registered number: 13536219)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DM Carpentry & Building Solutions
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D J Murray





REGISTERED OFFICE: Castle Farm Barn North Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 13536219 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

DM Carpentry & Building Solutions
Limited (Registered number: 13536219)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,770 4,360

CURRENT ASSETS
Stocks 3,963 18,750
Debtors 5 88,180 686
Cash at bank 2,979 26,721
95,122 46,157
CREDITORS
Amounts falling due within one year 6 88,772 49,008
NET CURRENT ASSETS/(LIABILITIES) 6,350 (2,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,120

1,509

PROVISIONS FOR LIABILITIES 1,693 806
NET ASSETS 11,427 703

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 11,297 573
SHAREHOLDERS' FUNDS 11,427 703

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

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

DM Carpentry & Building Solutions
Limited (Registered number: 13536219)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





D J Murray - Director


DM Carpentry & Building Solutions
Limited (Registered number: 13536219)

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

1. STATUTORY INFORMATION

DM Carpentry & Building Solutions 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.

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
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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DM Carpentry & Building Solutions
Limited (Registered number: 13536219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 7,391
Additions 4,667
At 31 July 2024 12,058
DEPRECIATION
At 1 August 2023 3,031
Charge for year 2,257
At 31 July 2024 5,288
NET BOOK VALUE
At 31 July 2024 6,770
At 31 July 2023 4,360

DM Carpentry & Building Solutions
Limited (Registered number: 13536219)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 88,180 -
Other debtors - 686
88,180 686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,186 -
Trade creditors (1 ) 1,535
Taxation and social security 56,545 24,383
Other creditors 28,042 23,090
88,772 49,008

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
D J Murray
Balance outstanding at start of year (21,720 ) (23,257 )
Amounts advanced 1,090 -
Amounts repaid (5,812 ) 1,537
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,442 ) (21,720 )

Included within creditors is an amount due to the Director as above. This loan is undated, unsecured and interest free.