Double 'M' (Nottingham) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01626132 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DOUBLE 'M' (NOTTINGHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Holloway

S Beet

SECRETARY:

R S Glenndenning

REGISTERED OFFICE:

First Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

REGISTERED NUMBER:

01626132 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

8,183

19,906

8,183

19,906

CURRENT ASSETS

Stocks

86,664

73,188

Debtors

6

195,611

281,041

Cash at bank

583,698

401,319

865,973

755,548

CREDITORS

Amounts falling due within one year

7

131,581

86,233

NET CURRENT ASSETS

734,392

669,315

TOTAL ASSETS LESS CURRENT
LIABILITIES

742,575

689,221

PROVISIONS FOR LIABILITIES

2,044

4,977

NET ASSETS

740,531

684,244

CAPITAL AND RESERVES

Called up share capital

15,500

Retained earnings

725,031

668,744

SHAREHOLDERS' FUNDS

740,531

684,244

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 26th March 2025 and were signed on its behalf by:

D Holloway - Director

1.	STATUTORY INFORMATION

Double 'M' (Nottingham) 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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. The Company has identified delivery of goods as its critical event, as the right to consideration does not arise until this is fulfilled, revenue is not recognised until that event occurs.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost and 15% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items and includes the provision of labour.

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.

Lease incentives

The benefits of lease incentives are recognised in profit and loss account over the lease period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

20,000

AMORTISATION

At 1st January 2024

and 31st December 2024

20,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1st January 2024

146,596

8,839

2,483

157,918

Additions

-

625

At 31st December 2024

146,596

8,839

3,108

158,543

DEPRECIATION

At 1st January 2024

126,768

8,839

2,405

138,012

Charge for year

12,261

-

87

12,348

At 31st December 2024

139,029

8,839

2,492

150,360

NET BOOK VALUE

At 31st December 2024

7,567

-

616

8,183

At 31st December 2023

19,828

-

78

19,906

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

177,882

98,273

Amounts owed by participating interests

-

165,534

Other debtors

17,729

17,234

195,611

281,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

35,408

30,367

Amounts owed to participating interests

57,808

-

Taxation

12,945

24,799

Social security and other taxes

3,842

3,169

VAT

11,959

15,469

Accrued expenses

9,619

12,429

131,581

86,233

8.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £19,929.

9.	CONTROLLING PARTY

Double 'M' (Nottingham) Limited is wholly owned by GW3156 Limited. The parent company's registered office address is First Floor, 49 High Street, Hucknall, Notts NG15 7AW. The parent company's principal place of business is Nunn Brook Road, County Estate, Huthwaite, Notts NG17 2HU.