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REGISTERED NUMBER: 09126055 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DM GLASS ELECTRICAL SERVICES LTD

DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DM GLASS ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr D M Glass





REGISTERED OFFICE: 23 Yarm Road
Stockton on Tees
TS18 3NJ





REGISTERED NUMBER: 09126055 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)

ABRIDGED BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,925 56,734
Investments 5 92,219 43,028
275,144 99,762

CURRENT ASSETS
Debtors 224,835 279,322
Cash at bank and in hand 94,234 356,467
319,069 635,789
CREDITORS
Amounts falling due within one year 279,578 557,037
NET CURRENT ASSETS 39,491 78,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,635

178,514

CREDITORS
Amounts falling due after more than one
year

19,541

18,429
NET ASSETS 295,094 160,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294,994 159,985
SHAREHOLDERS' FUNDS 295,094 160,085

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2025 and were signed by:





Mr D M Glass - Director


DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

DM Glass Electrical Services Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 94,184
Additions 151,436
Disposals (19,083 )
At 31 July 2024 226,537
DEPRECIATION
At 1 August 2023 37,450
Charge for year 20,224
Eliminated on disposal (14,062 )
At 31 July 2024 43,612
NET BOOK VALUE
At 31 July 2024 182,925
At 31 July 2023 56,734

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023 43,028
Additions 49,191
At 31 July 2024 92,219
NET BOOK VALUE
At 31 July 2024 92,219
At 31 July 2023 43,028

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31/7/24 31/7/23
£    £   
Mr D M Glass
Balance outstanding at start of year 105,996 -
Amounts advanced 45,362 105,996
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 151,358 105,996

7. RELATED PARTY DISCLOSURES

The directors loan account was overdrawn at the year end. 2.5% interest was charged.

DM GLASS ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09126055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D M Glass.