Registered number
06912462
DG Interiors (UK) Ltd
Filleted Accounts
31 May 2024
DG Interiors (UK) Ltd
Registered number: 06912462
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,487 15,867
Current assets
Stocks 18,000 -
Debtors 4 10,655 10,780
Cash at bank and in hand 37,727 77,069
66,382 87,849
Creditors: amounts falling due within one year 5 (26,408) (43,009)
Net current assets 39,974 44,840
Total assets less current liabilities 51,461 60,707
Creditors: amounts falling due after more than one year 6 (11,643) (22,447)
Provisions for liabilities (2,872) (3,967)
Net assets 36,946 34,293
Capital and reserves
Called up share capital 100 100
Profit and loss account 36,846 34,193
Shareholders' funds 36,946 34,293
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 has not been delivered to the Registrar of Companies.
Daniel Grzych
Director
Approved by the board on 8 January 2025
DG Interiors (UK) Ltd
Notes to the Accounts
for the year ended 31 May 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. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current taxliabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension plan are expensed when paid.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 - 28,000 28,000
Additions 1,273 - 1,273
At 31 May 2024 1,273 28,000 29,273
Depreciation
At 1 June 2023 - 12,133 12,133
Charge for the year 53 5,600 5,653
At 31 May 2024 53 17,733 17,786
Net book value
At 31 May 2024 1,220 10,267 11,487
At 31 May 2023 - 15,867 15,867
4 Debtors 2024 2023
£ £
Trade debtors 7,038 7,163
Other debtors 3,617 3,617
10,655 10,780
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,519 8,519
Trade creditors 81 9,094
Taxation and social security costs 17,777 24,782
Other creditors 31 614
26,408 43,009
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,643 22,447
7 Other information
DG Interiors (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25a Newton Road
London
NW2 6PS
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