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REGISTERED NUMBER: 08994936 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 October 2024

for

DGC Manufacturing Limited

DGC Manufacturing Limited (Registered number: 08994936)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DGC Manufacturing Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P R Barton
J N Rodgers
M J Spare



SECRETARY:



REGISTERED OFFICE: Castleview Industrial Estate
Station Road
Hatton
Derbyshire
DE65 5EL



REGISTERED NUMBER: 08994936 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: Lloyds Plc
114-116 Colmore Row
Birmingham
B3 3BD

DGC Manufacturing Limited (Registered number: 08994936)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,269,215 1,269,215

CREDITORS
Amounts falling due within one year 5 926,237 926,887
NET CURRENT LIABILITIES (926,237 ) (926,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,978

342,328

CAPITAL AND RESERVES
Called up share capital 6 204,681 204,681
Capital redemption reserve 130,824 130,824
Retained earnings 7,473 6,823
SHAREHOLDERS' FUNDS 342,978 342,328

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





M J Spare - Director


DGC Manufacturing Limited (Registered number: 08994936)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

DGC Manufacturing 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about DGC Manufacturing Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Loans from directors
Any loans from the directors to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

DGC Manufacturing Limited (Registered number: 08994936)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 1,269,215
NET BOOK VALUE
At 31 October 2024 1,269,215
At 31 October 2023 1,269,215

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Inter company balance 924,887 925,627
Accrued expenses 1,350 1,260
926,237 926,887

6. CALLED UP SHARE CAPITAL

Alloted, issued and fully
paid:


Class:
Nominal
Value:

2024

2023
Number: £    £   

204,621 Ordinary £1 204,621 204,621
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
10 E Ordinary £1 10 10
10 F Ordinary £1 10 10
10 G Ordinary £1 10 10
10 H Ordinary £1 10 10

204,681 204,681
======= =======


7. RELATED PARTY DISCLOSURES

During the year dividends of £421,937 (2023 - £460,430) were received from SRM Industries Limited - a company which is wholly owned by DGC Manufacturing Limited.

At the balance sheet date the amount owing by DGC Manufacturing Limited to SRM Industries Limited was £924,887 (2023 - £925,627). The loan is interest free and repayable on demand.