DEMACHIN LIMITED - Filleted accounts

Registered number

06670440

DEMACHIN LIMITED

Filleted Accounts

31 August 2024

DEMACHIN LIMITED
Registered number:		06670440
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		3,311			3,895

Current assets
Cash at bank and in hand		190,658			165,966

Creditors: amounts falling due within one year	4	(88,908)			(96,952)

Net current assets			101,750			69,014

Total assets less current liabilities			105,061			72,909

Creditors: amounts falling due after more than one year	5		(68,863)			(29,011)



Net assets			36,198			43,898

Capital and reserves
Called up share capital			1			1
Profit and loss account			36,197			43,897

Shareholders' funds			36,198			43,898

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Diana Elaine Machin
Director
Approved by the board on 21 May 2025

DEMACHIN LIMITED
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% Reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 September 2023				29,504
	At 31 August 2024				29,504

	Depreciation
	At 1 September 2023				25,609
	Charge for the year				584
	At 31 August 2024				26,193

	Net book value
	At 31 August 2024				3,311
	At 31 August 2023				3,895


4	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		27,719		19,614
	Other creditors		61,189		77,338
			88,908		96,952


5	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		33,030		29,011
	Other creditors		35,833		-
			68,863		29,011


6	Other information

	DEMACHIN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	84 Great Portland Street
	London
	W1W 7LT