Registered number
08416413
DG Developments Limited
Filleted Accounts
31 March 2024
DG Developments Limited
Registered number: 08416413
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,951 3,140
Current assets
Debtors 4 21,969 1,956
Cash at bank and in hand 44,156 47,102
66,125 49,058
Creditors: amounts falling due within one year 5 (17,783) (14,026)
Net current assets 48,342 35,032
Net assets 51,293 38,172
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,193 38,072
Shareholder's funds 51,293 38,172
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and director's report have not been delivered to the Registrar of Companies.
D Griffiths
Director
Approved by the board on 19 July 2024
DG Developments Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from software development and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is not recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered not material to the true and fair view of the financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 11,591
Additions 1,528
At 31 March 2024 13,119
Depreciation
At 1 April 2023 8,451
Charge for the year 1,810
On disposals (93)
At 31 March 2024 10,168
Net book value
At 31 March 2024 2,951
At 31 March 2023 3,140
4 Debtors 2024 2023
£ £
Trade debtors 21,264 1,128
Other debtors 705 828
21,969 1,956
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,070 1,072
Taxation and social security costs 10,213 6,601
Other creditors 3,500 6,353
17,783 14,026
6 Other information
DG Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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