1 August 2023 false No description of principal activity Taxfiler 2024.6 09695936business:PrivateLimitedCompanyLtd2023-08-012024-07-31 096959362023-07-31 096959362023-08-012024-07-31 09695936business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 09695936business:FilletedAccounts2023-08-012024-07-31 096959362024-07-31 09695936business:Director12023-08-012024-07-31 09695936business:RegisteredOffice2023-08-012024-07-31 096959362023-07-31 09695936core:WithinOneYear2024-07-31 09695936core:WithinOneYear2023-07-31 09695936core:AfterOneYear2024-07-31 09695936core:AfterOneYear2023-07-31 09695936core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 09695936core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 09695936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 09695936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 09695936core:PreviouslyStatedAmount2024-07-31 09695936core:PreviouslyStatedAmount2023-07-31 09695936business:SmallEntities2023-08-012024-07-31 09695936countries:EnglandWales2023-08-012024-07-31 09695936core:MotorVehicles2023-08-012024-07-31 09695936core:ComputerEquipment2023-08-012024-07-31 09695936core:MotorVehicles2023-07-31 09695936core:ComputerEquipment2023-07-31 09695936core:MotorVehicles2024-07-31 09695936core:ComputerEquipment2024-07-31 09695936business:Director112023-08-012024-07-31 09695936business:Director112023-07-31 09695936business:Director112024-07-31 096959362022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 09695936 (England and Wales)
DG Drylining Limited Unaudited accounts for the year ended 31 July 2024
DG Drylining Limited Unaudited accounts Contents
Page
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DG Drylining Limited Company Information for the year ended 31 July 2024
Director
DJ Goodliffe
Company Number
09695936 (England and Wales)
Registered Office
23 BROOKLYN DRIVE RAYLEIGH SS6 9LW ENGLAND
Accountants
The Straightener Limited 83 Ducie Street Manchester M1 2JQ
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DG Drylining Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,873 
22,816 
Current assets
Debtors
54,633 
9,915 
Cash at bank and in hand
660 
38,996 
55,293 
48,911 
Creditors: amounts falling due within one year
(32,062)
(31,983)
Net current assets
23,231 
16,928 
Total assets less current liabilities
39,104 
39,744 
Creditors: amounts falling due after more than one year
(3,873)
(7,744)
Provisions for liabilities
Deferred tax
(3,967)
(4,334)
Net assets
31,264 
27,666 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,164 
27,566 
Shareholders' funds
31,264 
27,666 
For the year ending 31 July 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 24 March 2025 and were signed on its behalf by
DJ Goodliffe Director Company Registration No. 09695936
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DG Drylining Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
DG Drylining Limited is a private company, limited by shares, registered in England and Wales, registration number 09695936. The registered office is 23 BROOKLYN DRIVE, RAYLEIGH, SS6 9LW, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The company has the full financial support of its director and therefore, the director considers that it is appropriate to prepare the financial statements on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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DG Drylining Limited Notes to the Accounts for the year ended 31 July 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
26,675 
549 
27,224 
Disposals
(4,475)
- 
(4,475)
At 31 July 2024
22,200 
549 
22,749 
Depreciation
At 1 August 2023
4,211 
197 
4,408 
Charge for the year
5,203 
88 
5,291 
On disposals
(2,823)
- 
(2,823)
At 31 July 2024
6,591 
285 
6,876 
Net book value
At 31 July 2024
15,609 
264 
15,873 
At 31 July 2023
22,464 
352 
22,816 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,421 
1,739 
Other debtors
31,146 
8,176 
32,567 
9,915 
Amounts falling due after more than one year
Other debtors
22,066 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,260 
4,320 
Taxes and social security
18,400 
11,278 
Loans from directors
8,146 
15,129 
Accruals
1,256 
1,256 
32,062 
31,983 
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DG Drylining Limited Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,873 
7,744 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
DJ Goodliffe
Amounts due to director
15,129 
58,253 
65,236 
8,146 
15,129 
58,253 
65,236 
8,146 
9
Transactions with related parties
During the year, the company made an unsecured, interest-free loan to a connected company, DJG Property Investments Limited, by virtue of it being controlled by the same person. This loan is for £30,000 and is repayable in 5 years.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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