Company Registration No. 8483454 (England and Wales)
DMC (GB) Limited
Unaudited accounts
for the year ended 30 April 2024
DMC (GB) Limited
Unaudited accounts
Contents
DMC (GB) Limited
Company Information
for the year ended 30 April 2024
Company Number
8483454 (England and Wales)
Registered Office
22 Temple Street
Oxford
OX4 1JS
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
DMC (GB) Limited
Statement of financial position
as at 30 April 2024
Tangible assets
191,523
194,083
Cash at bank and in hand
2,025
23,221
Creditors: amounts falling due within one year
(17,069)
(16,533)
Net current assets
27,570
27,347
Total assets less current liabilities
219,093
221,430
Creditors: amounts falling due after more than one year
(208,000)
(190,000)
Called up share capital
1
1
Profit and loss account
11,092
31,429
Shareholders' funds
11,093
31,430
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2025 and were signed on its behalf by
Duncan McInnes
Director
Company Registration No. 8483454
DMC (GB) Limited
Notes to the Accounts
for the year ended 30 April 2024
DMC (GB) Limited is a private company, limited by shares, registered in England and Wales, registration number 8483454. The registered office is 22 Temple Street, Oxford, OX4 1JS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation has been provided on the land
Motor vehicles
20% reducing balance basis
DMC (GB) Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
181,283
16,000
197,283
At 30 April 2024
181,283
16,000
197,283
At 1 May 2023
-
3,200
3,200
Charge for the year
-
2,560
2,560
At 30 April 2024
-
5,760
5,760
At 30 April 2024
181,283
10,240
191,523
At 30 April 2023
181,283
12,800
194,083
Work in progress
41,732
20,000
This represents the work in progress by way of costs incurred in relation to the planning permission on the land owned prior to commencement of building.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,653
1,037
Loans from directors
15,256
15,256
The amounts due are primarily owed to the director. There is no fixed date for repayment.
DMC (GB) Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
208,000
190,000
This is a loan from the director ready to cover the building costs once planning permission is received. Interest is being paid at 2% per year by the company.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).