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Registration number: 10253278

DNG Holdings Limited

Annual Report and Unaudited Financial Statements

for the year ended 30 June 2024

 

DNG Holdings Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

DNG Holdings Limited

(Registration number: 10253278)
Statement of Financial Position
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

54,312

54,894

Current assets

 

Debtors

5

66,362

152

Cash at bank and in hand

 

30,725

42,869

 

97,087

43,021

Creditors: Amounts falling due within one year

6

(43,606)

(16,409)

Net current assets

 

53,481

26,612

Net assets

 

107,793

81,506

Capital and reserves

 

Called up share capital

100

100

Retained earnings

107,693

81,406

Shareholders' funds

 

107,793

81,506

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025
 

.........................................
D Lewis
Director

 

DNG Holdings Limited

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL

These financial statements were authorised for issue by the director on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

DNG Holdings Limited

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

between 2 and 5 years

Office equipment

under 5 years

Motor vehicles

under 4 years

Plant and machinery

under 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

DNG Holdings Limited

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

DNG Holdings Limited

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

54,100

4,036

11,000

4,083

73,219

Additions

-

178

-

115

293

At 30 June 2024

54,100

4,214

11,000

4,198

73,512

Depreciation

At 1 July 2023

-

3,584

10,999

3,742

18,325

Charge for the year

-

507

-

368

875

At 30 June 2024

-

4,091

10,999

4,110

19,200

Carrying amount

At 30 June 2024

54,100

123

1

88

54,312

At 30 June 2023

54,100

452

1

341

54,894

Included within the net book value of land and buildings above is £54,100 (2023 - £54,100) in respect of long leasehold land and buildings.
 

 

DNG Holdings Limited

Notes to the Unaudited Financial Statements
for the year ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

362

152

Other debtors

66,000

-

 

66,362

152

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

17,108

14,009

Accruals and deferred income

1,000

2,000

Other creditors

25,498

400

43,606

16,409