DMD Work Surfaces Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2024



DMD Work Surfaces Limited

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

DMD Work Surfaces Limited

Company No. 08970178

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4156435130786
156435130786
CURRENT ASSETS
Debtors5142795189199
Cash at bank and in hand10002053690
242815242889
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6107910121818
NET CURRENT ASSETS134905121071
TOTAL ASSETS LESS CURRENT LIABILITIES291340251857
 
Creditors: amounts falling due
after more than one year71870322500
 
NET ASSETS272637229357
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings272635229355
SHAREHOLDERS FUNDS272637229357

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 31 January 2025


D M Durbidge

Director

Company Number 08970178 (England)

DMD Work Surfaces Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

DMD Work Surfaces Limited is a private company limited by shares and registered under company number 08970178 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2023 224108268738486259467
Additions52205765-52970
At 30th April 2024276313276388486312437
 
Depreciation
At 1st May 2023 110985138093887128681
Charge for year226243457124027321
At 30th April 2024133609172665127156002
 
Net Book Value
At 30th April 2024142704103723359156435
At 30th April 2023113123130644599130786
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 30th April 202448942--48942
At 30th April 2023----

5   Debtors20242023
££
 
Trade Debtors233962872
Amounts owed by group undertakings and undertakings in which the
  Company has a participating interest25000-
Other debtors94399186327
142795189199

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts2250010000
Obligations under finance lease and hire purchase contracts6801-
Trade Creditors2986130
Corporation tax3484678944
Taxes and social security costs4500-
Other creditors3896516408
Accruals and deferred income-10336
107910121818

7   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts-22500
Obligations under finance lease and hire purchase contracts18703-
1870322500

8   Loans20242023
££
Analysis of maturity of debt:
 
Within one year2250010000
Between one and five years-22500
2250032500

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
D M Durbidge26827-
26827-

2024-04-30false2023-05-012024-04-3008970178uk-bus:Director12023-05-012024-04-3008970178uk-gaap:ShareCapital2024-04-3008970178uk-gaap:ShareCapital2023-04-3008970178uk-gaap:RetainedEarningsAccumulatedLosses2024-04-3008970178uk-gaap:RetainedEarningsAccumulatedLosses2023-04-3008970178uk-gaap:VehiclesPlantMachinery2023-05-012024-04-3008970178uk-gaap:MotorVehicles2023-04-3008970178uk-gaap:PlantMachinery2023-04-3008970178uk-gaap:FurnitureFittingsToolsEquipment2023-04-3008970178uk-gaap:MotorVehicles2023-05-012024-04-3008970178uk-gaap:PlantMachinery2023-05-012024-04-3008970178uk-gaap:FurnitureFittingsToolsEquipment2023-05-012024-04-3008970178uk-gaap:MotorVehicles2024-04-3008970178uk-gaap:PlantMachinery2024-04-3008970178uk-gaap:FurnitureFittingsToolsEquipment2024-04-3008970178uk-gaap:WithinOneYear2024-04-3008970178uk-gaap:WithinOneYear2023-04-3008970178uk-gaap:AfterOneYear2024-04-3008970178uk-gaap:AfterOneYear2023-04-30089701782023-05-012024-04-30089701782022-05-012023-04-30089701782024-04-30089701782023-04-3008970178uk-bus:SmallEntities2023-05-012024-04-3008970178uk-bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3008970178uk-bus:FullAccounts2023-05-012024-04-3008970178uk-bus:PrivateLimitedCompanyLtd2023-05-012024-04-3008970178countries:EnglandWales2023-05-012024-04-3008970178uk-bus:Director112024-04-30iso4217:GBPxbrli:purexbrli:shares