0 01/03/2023 29/02/2024 2024-02-29 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12468173 2023-03-01 2024-02-29 12468173 2024-02-29 12468173 2023-02-28 12468173 2022-03-01 2023-02-28 12468173 2023-02-28 12468173 2022-02-28 12468173 bus:Director1 2023-03-01 2024-02-29 12468173 core:WithinOneYear 2024-02-29 12468173 core:WithinOneYear 2023-02-28 12468173 core:AfterOneYear 2024-02-29 12468173 core:AfterOneYear 2023-02-28 12468173 bus:Micro-entities 2023-03-01 2024-02-29 12468173 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12468173 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12468173 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12468173 bus:FullAccounts 2023-03-01 2024-02-29
Company registration number: 12468173
DM Assets Ltd
Unaudited filleted financial statements
29 February 2024
DM Assets Ltd
Contents
Statement of financial position and notes to the financial statements
DM Assets Ltd
Statement of financial position
29 February 2024
2024 2023
£ £ £ £
Fixed assets 390,009 392,191
_______ _______
Current assets 2,089 859
Prepayments and accrued income 1,514 1,114
_______ _______
3,603 1,973
Creditors: amounts falling due within one year ( 194,094) ( 202,636)
_______ _______
Net current liabilities ( 190,491) ( 200,663)
_______ _______
Total assets less current liabilities 199,518 191,528
Creditors: amounts falling due after more than one year ( 196,524) ( 199,095)
Accruals and deferred income ( 1,680) ( 1,494)
_______ _______
Net assets/(liabilities) 1,314 ( 9,061)
_______ _______
Capital and reserves 1,314 ( 9,061)
_______ _______
Notes to the financial statements
DM Assets Ltd
Year ended 29 February 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
2. Going Concern
The company has net current liabilities. The company is therefore reliant upon the continued financial support of its director in order to continue operations. The director has indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis. If the support of the director was withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr D Moss
Director
Company registration number: 12468173
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Babis Farm Way, Saltash, Cornwall, PL12 4TA.