Registered number
05778484
DMB SCIENTIFIC CONSULTANCY LIMITED
Filleted Accounts
30 June 2024
DMB SCIENTIFIC CONSULTANCY LIMITED
Registered number: 05778484
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 69,767 81,010
Current assets
Debtors 4 525,653 7,398
Cash at bank and in hand 18,736 639,050
544,389 646,448
Creditors: amounts falling due within one year 5 (8,760) (59,696)
Net current assets 535,629 586,752
Net assets 605,396 667,762
Capital and reserves
Called up share capital 102 102
Profit and loss account 605,294 667,660
Shareholders' funds 605,396 667,762
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.
Mr Dean Billington
Director
Approved by the board on 15 January 2025
DMB SCIENTIFIC CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 30 June 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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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, 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:
Motor Vehicles 20% reducing balance
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 86,089 61,600 147,689
Additions 6,199 - 6,199
At 30 June 2024 92,288 61,600 153,888
Depreciation
At 1 July 2023 54,359 12,320 66,679
Charge for the year 7,586 9,856 17,442
At 30 June 2024 61,945 22,176 84,121
Net book value
At 30 June 2024 30,343 39,424 69,767
At 30 June 2023 31,730 49,280 81,010
4 Debtors 2024 2023
£ £
Trade debtors 18,086 -
Other debtors 507,567 7,398
525,653 7,398
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,810 1,307
Taxation and social security costs 2,465 57,036
Other creditors 2,485 1,353
8,760 59,696
6 Other information
DMB SCIENTIFIC CONSULTANCY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 5 Centre Court
Sir Thomas Longley Road, Medway City Estate
Rochester
Kent
ME2 4BQ
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