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DMC & SON LIMITED

Registered Number
04345382
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

DMC & SON LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MCCARTHY, Denis Joseph
MCCARTHY, Lee

Company Secretary

MCCARTHY, Janice

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

04345382 (England and Wales)
DMC & SON LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3240320
240320
Current assets
Stocks45,0005,000
Debtors5198198
Cash at bank and on hand1,003,1261,038,544
1,008,3241,043,742
Creditors amounts falling due within one year6(190,785)(216,905)
Net current assets (liabilities)817,539826,837
Total assets less current liabilities817,779827,157
Net assets817,779827,157
Capital and reserves
Called up share capital200200
Profit and loss account817,579826,957
Shareholders' funds817,779827,157
The financial statements were approved and authorised for issue by the Board of Directors on 13 March 2025, and are signed on its behalf by:
MCCARTHY, Denis Joseph
Director
Registered Company No. 04345382
DMC & SON LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Vehicles-5
Office Equipment25-
Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2424,8123,0505,71933,581
At 31 December 2424,8123,0505,71933,581
Depreciation and impairment
At 01 January 2424,8112,8935,55733,261
Charge for year-404080
At 31 December 2424,8112,9335,59733,341
Net book value
At 31 December 241117122240
At 31 December 231157162320
4.Stocks

2024

2023

££
Work in progress5,0005,000
Total5,0005,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors198198
Total198198
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables15610
Taxation and social security54,87579,689
Other creditors134,134135,606
Accrued liabilities and deferred income1,6201,600
Total190,785216,905
7.Controlling party
The company is controlled by its director, D J McCarthy, by virtue of his majority ownership of the issued share capital.