2 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12816327 2023-09-01 2024-08-31 12816327 2024-08-31 12816327 2023-08-31 12816327 2022-09-01 2023-08-31 12816327 2023-08-31 12816327 2022-08-31 12816327 core:PlantMachinery 2023-09-01 2024-08-31 12816327 bus:Director1 2023-09-01 2024-08-31 12816327 core:FurnitureFittingsToolsEquipment 2023-08-31 12816327 core:PlantMachinery 2024-08-31 12816327 core:FurnitureFittingsToolsEquipment 2024-08-31 12816327 core:WithinOneYear 2024-08-31 12816327 core:WithinOneYear 2023-08-31 12816327 core:ShareCapital 2024-08-31 12816327 core:ShareCapital 2023-08-31 12816327 core:SharePremium 2024-08-31 12816327 core:RetainedEarningsAccumulatedLosses 2024-08-31 12816327 core:RetainedEarningsAccumulatedLosses 2023-08-31 12816327 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12816327 core:FurnitureFittingsToolsEquipment 2023-08-31 12816327 bus:SmallEntities 2023-09-01 2024-08-31 12816327 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12816327 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12816327 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12816327 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 12816327
DPM Tech Limited
Unaudited filleted financial statements
31 August 2024
DPM Tech Limited
Contents
Statement of financial position
Notes to the financial statements
DPM Tech Limited
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 26,782 33,387
_______ _______
26,782 33,387
Current assets
Stocks 66,500 77,000
Debtors 6 16,837 27,776
Cash at bank and in hand 45,286 16,193
_______ _______
128,623 120,969
Creditors: amounts falling due
within one year 7 ( 23,927) ( 48,689)
_______ _______
Net current assets 104,696 72,280
_______ _______
Total assets less current liabilities 131,478 105,667
Provisions for liabilities ( 3,332) ( 4,885)
_______ _______
Net assets 128,146 100,782
_______ _______
Capital and reserves
Called up share capital 200 200
Share premium account 49,900 -
Profit and loss account 78,046 100,582
_______ _______
Shareholder funds 128,146 100,782
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
D Matthews M Graham
Director Director
Company registration number: 12816327
DPM Tech Limited
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 384 Linthorpe Road, Middlesbrough, Cleveland, TS5 6HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 September 2023 - 56,675 56,675
Additions 5,495 - 5,495
_______ _______ _______
At 31 August 2024 5,495 56,675 62,170
_______ _______ _______
Depreciation
At 1 September 2023 - 23,287 23,287
Charge for the year 766 11,335 12,101
_______ _______ _______
At 31 August 2024 766 34,622 35,388
_______ _______ _______
Carrying amount
At 31 August 2024 4,729 22,053 26,782
_______ _______ _______
At 31 August 2023 - 33,388 33,388
_______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 16,837 27,776
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 7,556 14,754
Social security and other taxes 10,231 6,062
Other creditors 6,140 27,873
_______ _______
23,927 48,689
_______ _______
8. Directors advances, credits and guarantees
During the year there were no advances, credits or guarantees made to the director.