REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2024 |
for |
DGC Manufacturing Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Prince William House |
10 Lower Church Street |
Ashby de la Zouch |
Leicestershire |
LE65 1AB |
BANKERS: |
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 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Inter company balance | 924,887 | 925,627 |
Accrued expenses |
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. |