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REGISTERED NUMBER: 08638047 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

DMM (West Midlands) Limited

DMM (West Midlands) Limited (Registered number: 08638047)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DMM (West Midlands) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D M Moore
Mrs L Sargeant





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: Unit 47
Wombourne Enterprise Park
Bridgnorth Road
Wombourne
South Staffordshire
WV5 0AL





REGISTERED NUMBER: 08638047 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

DMM (West Midlands) Limited (Registered number: 08638047)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,155 34,499
34,155 34,499

CURRENT ASSETS
Stocks 9,300 10,100
Debtors 6 1,179 1,789
Cash at bank and in hand 126,932 130,931
137,411 142,820
CREDITORS
Amounts falling due within one year 7 51,955 66,026
NET CURRENT ASSETS 85,456 76,794
TOTAL ASSETS LESS CURRENT LIABILITIES 119,611 111,293

PROVISIONS FOR LIABILITIES 6,489 6,456
NET ASSETS 113,122 104,837

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 113,022 104,737
SHAREHOLDERS' FUNDS 113,122 104,837

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 March 2025 and were signed on its behalf by:





D M Moore - Director


DMM (West Midlands) Limited (Registered number: 08638047)

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

1. STATUTORY INFORMATION

DMM (West Midlands) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

DMM (West Midlands) Limited (Registered number: 08638047)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 9,500
AMORTISATION
At 1 September 2023
and 31 August 2024 9,500
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 3,567 38,751 2,954
Additions - 9,254 -
At 31 August 2024 3,567 48,005 2,954
DEPRECIATION
At 1 September 2023 2,918 20,874 1,064
Charge for year 143 6,783 378
At 31 August 2024 3,061 27,657 1,442
NET BOOK VALUE
At 31 August 2024 506 20,348 1,512
At 31 August 2023 649 17,877 1,890

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 29,178 2,332 76,782
Additions 1,300 332 10,886
At 31 August 2024 30,478 2,664 87,668
DEPRECIATION
At 1 September 2023 15,790 1,637 42,283
Charge for year 3,672 254 11,230
At 31 August 2024 19,462 1,891 53,513
NET BOOK VALUE
At 31 August 2024 11,016 773 34,155
At 31 August 2023 13,388 695 34,499

DMM (West Midlands) Limited (Registered number: 08638047)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,173 1,263
Prepayments and accrued income 6 526
1,179 1,789

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans 19,098 29,777
Trade creditors 22,071 16,134
Tax 4,054 4,510
VAT 3,527 1,565
Directors' current accounts 2,405 13,023
Accrued expenses 800 1,017
51,955 66,026

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 104,737
Profit for the year 16,952
Dividends (8,667 )
At 31 August 2024 113,022

10. RELATED PARTY DISCLOSURES

The company paid dividends in the year under review to its directors as follows;

D M Moore £6,500
Mrs L Sargeant £2,167

11. ULTIMATE CONTROLLING PARTY

The controlling party is D M Moore.