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REGISTERED NUMBER: SC349566 (Scotland)












Financial Statements

for the Year Ended 31 August 2024

for

DGM Surfacing Limited

DGM Surfacing Limited (Registered number: SC349566)






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


DGM Surfacing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M A Markey
I C Reid
R Bland





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC349566 (Scotland)





AUDITORS: O'Haras Accountants Limited (Statutory Auditor)
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

DGM Surfacing Limited (Registered number: SC349566)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 3 209,769 252,861

CURRENT ASSETS
Debtors 4 662,971 733,113
Cash at bank 267,053 707,122
930,024 1,440,235
CREDITORS
Amounts falling due within one year 5 273,018 401,043
NET CURRENT ASSETS 657,006 1,039,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,775

1,292,053

CREDITORS
Amounts falling due after more than one year 6 (23,157 ) (82,919 )

PROVISIONS FOR LIABILITIES (43,070 ) (37,211 )
NET ASSETS 800,548 1,171,923

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 800,543 1,171,918
SHAREHOLDERS' FUNDS 800,548 1,171,923

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 27 May 2025 and were signed on its behalf by:





M A Markey - Director


DGM Surfacing Limited (Registered number: SC349566)

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

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
The company is involved in the provision of excavation and resurfacing services. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and it's stage of completion, the company will recognise revenue in the reporting period in which the services are rendered by reference to the stage of completion.

When the outcome of a service contract cannot be estimated reliably, the company only recognises revenue to the extent of the recoverable expenses incurred.

All revenue excludes value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


DGM Surfacing Limited (Registered number: SC349566)

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

1. ACCOUNTING POLICIES - continued
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.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

DGM Surfacing Limited (Registered number: SC349566)

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

3. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 32,103 4,700 340,808 4,783 382,394
Additions - - 20,250 - 20,250
Disposals - - (37,695 ) - (37,695 )
At 31 August 2024 32,103 4,700 323,363 4,783 364,949
DEPRECIATION
At 1 September 2023 11,700 3,804 109,246 4,783 129,533
Charge for year 2,894 127 53,319 - 56,340
Eliminated on disposal - - (30,693 ) - (30,693 )
At 31 August 2024 14,594 3,931 131,872 4,783 155,180
NET BOOK VALUE
At 31 August 2024 17,509 769 191,491 - 209,769
At 31 August 2023 20,403 896 231,562 - 252,861

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,094 96,788
Amounts owed by group undertakings 81,986 122,793
Amounts recoverable on contract 456,727 430,528
Other debtors 81,164 83,004
662,971 733,113

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 58,380 68,427
Trade creditors 122,559 188,117
Amounts owed to group undertakings 31,256 21,749
Taxation and social security 51,823 101,827
Other creditors 9,000 20,923
273,018 401,043

DGM Surfacing Limited (Registered number: SC349566)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 23,157 82,919

7. SECURED DEBTS

The banking facilities are secured by a floating charge over the assets and undertakings of the company.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John O'Hara CA (Senior Statutory Auditor)
for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

9. RELATED PARTY DISCLOSURES

Markey Holdings Limited is the parent company with its registered office being Radleigh House, 1 Golf Road, Clarkston, Glasgow, G76 7HU.