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REGISTERED NUMBER: 01799296 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Document Management Technology Limited

Document Management Technology Limited (Registered number: 01799296)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Document Management Technology Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R Rajasooriyar
LW Wilson



SECRETARY: L J Wilson



REGISTERED OFFICE: 415 Holcombe Road
Greenmount
Bury
Lancashire
BL8 4HB



REGISTERED NUMBER: 01799296 (England and Wales)



ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR



SOLICITORS: Woodcocks Solicitors
12 Manchester Road
Bury
Gtr Manchester
BL9 0DX

Document Management Technology Limited (Registered number: 01799296)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 15,435 17,427

CURRENT ASSETS
Stocks 6 - 2,346
Debtors 7 295,334 267,615
Cash at bank 497,722 389,584
793,056 659,545
CREDITORS
Amounts falling due within one year 8 (309,620 ) (216,716 )
NET CURRENT ASSETS 483,436 442,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,871

460,256

PROVISIONS FOR LIABILITIES (3,177 ) (2,571 )
NET ASSETS 495,694 457,685

CAPITAL AND RESERVES
Called up share capital 25,796 25,796
Retained earnings 469,898 431,889
SHAREHOLDERS' FUNDS 495,694 457,685

Document Management Technology Limited (Registered number: 01799296)

Balance Sheet - continued
31 May 2024


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





R Rajasooriyar - Director


Document Management Technology Limited (Registered number: 01799296)

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

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
415 Holcombe Road
Greenmount
Bury
Lancashire
BL8 4HB

The principal place of business is:
3 The Pavilions
Bridge Hall Lane
Bury
Lancashire
BL9 7NX

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Document Management Technology Limited (Registered number: 01799296)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 48,721 22,250 70,971
Additions 1,998 - 1,998
At 31 May 2024 50,719 22,250 72,969
DEPRECIATION
At 1 June 2023 43,810 9,734 53,544
Charge for year 861 3,129 3,990
At 31 May 2024 44,671 12,863 57,534
NET BOOK VALUE
At 31 May 2024 6,048 9,387 15,435
At 31 May 2023 4,911 12,516 17,427

6. STOCKS
2024 2023
£    £   
Stocks - 2,346

Document Management Technology Limited (Registered number: 01799296)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,687 245,662
Other debtors 56,647 21,953
295,334 267,615

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,335 67,136
Taxation and social security 94,303 63,718
Other creditors 152,982 85,862
309,620 216,716