Company Registration No. 12754111 (England and Wales)
DME Finance Limited
Unaudited accounts
for the year ended 31 July 2024
DME Finance Limited
Annual report and unaudited accounts
for the year ended 31 July 2024
DME Finance Limited
Company Information
for the year ended 31 July 2024
Company Number
12754111 (England and Wales)
Registered Office
10 Derby Road
Surbiton
Surrey
KT5 9AY
England
Accountants
GUIL Limited
37 Waldens Park Road
WOKING
Surrey
GU21 4RW
DME Finance Limited
Statement of Financial Position
as at 31 July 2024
Current assets
548,369
366,750
Creditors: amounts falling due within one year
(146,767)
(75,347)
Net current assets
401,602
291,403
Total assets less current liabilities
401,602
291,728
Accruals and deferred income
(3,000)
(2,500)
Net assets
398,602
289,228
Capital and reserves
398,602
289,228
DME Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 12754111. The registered office is 10 Derby Road, Surbiton, Surrey, KT5 9AY, England.
2 Director's advances, credit and guarantees
During the year on 12 March 2024 the director was advanced a loan of £130,000 which remained outstanding at the year end and the amount of which is included in current assets . The Loan bears interest at the official rate as set by HMRC . The loan is repayable on written demand of the Company together with any accrued and unpaid interest. The director has the option to repay the Loan, in whole or in part, at any time without penalty.
Taxation
The company is liable for Section 455 tax under the Corporation Tax Act 2010 on loans made to directors that remain outstanding nine months after the year-end. As at 31 July 2024, the company has recorded a liability of £43,875 for this tax.
The company expects to recover this tax upon repayment of the director’s loan.
3 Average number of employees
During the year the average number of employees was 1 (2023: 1).
DME Finance Limited
Statement of Financial Position
as at 31 July 2024 (continued)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 25 April 2025
Mr J E Guilfoyle
Director
Company Registration No. 12754111