Registered number
OC400039
DG Smith LLP
Filleted Accounts
31 May 2024
DG Smith LLP
Registered number: OC400039
Balance Sheet
As at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets - -
Tangible assets - -
Investments 3 220,000 220,000
220,000 220,000
Current assets
Stocks - -
Debtors - -
Investments held as current assets - -
Cash at bank and in hand - -
- -
Creditors: amounts falling due within one year 4 (150) (150)
Net current liabilities (150) (150)
Total assets less current liabilities 219,850 219,850
Net assets 219,850 219,850
Capital Accounts
Net balance at the start of the period 220,000 220,000
Net loss (150) (150)
Drawings - -
Shareholder's funds 219,850 219,850
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 has not been delivered to the Registrar of Companies.
Gordon Smith
Director
Approved by the board on 27 January 2025
DG Smith LLP
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. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 June 2023 - 220,000 220,000
Additions - - -
Revaluation - - -
Disposals - - -
At 31 May 2024 - 220,000 220,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 150 150
150 150
5 Other information
DG Smith LLP is a private company limited by shares and incorporated in England. Its registered office is:
45 Tideswell Road
Stockport
Cheshire
SK7 6JF
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