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REGISTERED NUMBER: 07975628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DMS (UK) LIMITED

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DMS (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: D M George





SECRETARY: Mrs M E George





REGISTERED OFFICE: Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP





REGISTERED NUMBER: 07975628 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 170,302 207,652
170,302 207,652

CURRENT ASSETS
Debtors 6 74,027 101,784
Cash at bank and in hand 174 174
74,201 101,958
CREDITORS
Amounts falling due within one year 7 144,320 126,702
NET CURRENT LIABILITIES (70,119 ) (24,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,183

182,908

CREDITORS
Amounts falling due after more than one
year

8

179,988

218,230
NET LIABILITIES (79,805 ) (35,322 )

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings (79,945 ) (35,462 )
SHAREHOLDERS' FUNDS 9 (79,805 ) (35,322 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2025 and were signed by:





D M George - Director


DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

DMS (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
As at 31 May 2024, the company has an excess of current liabilities over current assets and is dependent upon the continued support of its directors and bankers. Therefore, the accounts have been prepared on a going concern basis in the knowledge this support will continue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 50,000
AMORTISATION
At 1 June 2023
and 31 May 2024 50,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 32,504 11,533 527,080 840 571,957
Additions - - 44,429 - 44,429
Disposals - - (72,000 ) - (72,000 )
At 31 May 2024 32,504 11,533 499,509 840 544,386
DEPRECIATION
At 1 June 2023 27,790 9,472 326,504 539 364,305
Charge for year 943 412 42,393 132 43,880
Eliminated on disposal - - (34,101 ) - (34,101 )
At 31 May 2024 28,733 9,884 334,796 671 374,084
NET BOOK VALUE
At 31 May 2024 3,771 1,649 164,713 169 170,302
At 31 May 2023 4,714 2,061 200,576 301 207,652

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 372,830
Additions 44,429
Transfer to ownership (185,530 )
At 31 May 2024 231,729
DEPRECIATION
At 1 June 2023 235,464
Charge for year 32,674
Transfer to ownership (147,282 )
At 31 May 2024 120,856
NET BOOK VALUE
At 31 May 2024 110,873
At 31 May 2023 137,366

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 72,330 99,562
Other debtors 1,697 2,222
74,027 101,784

DMS (UK) LIMITED (REGISTERED NUMBER: 07975628)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,327 16,281
Hire purchase contracts 33,808 36,799
Trade creditors 2,566 5,743
Taxation and social security 21,493 29,091
Other creditors 82,126 38,788
144,320 126,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 19,988 28,230
Other creditors 160,000 190,000
179,988 218,230

9. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.5.24 31.5.23
£    £   
Loss for the financial year (44,483 ) (45,384 )
Net reduction of shareholders' funds (44,483 ) (45,384 )
Opening shareholders' funds (35,322 ) 10,062
Closing shareholders' funds (79,805 ) (35,322 )