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Company No: 08614772 (England and Wales)

DIGITAL REMOTE AUTOMATION MOTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

DIGITAL REMOTE AUTOMATION MOTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

DIGITAL REMOTE AUTOMATION MOTION LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
DIGITAL REMOTE AUTOMATION MOTION LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
DIRECTOR A I Macbride
REGISTERED OFFICE 5 Lake Farm Close
Hedge End
Southampton
SO30 4SB
United Kingdom
COMPANY NUMBER 08614772 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
DIGITAL REMOTE AUTOMATION MOTION LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
DIGITAL REMOTE AUTOMATION MOTION LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 73,696 38,896
73,696 38,896
Current assets
Debtors 4 39,325 42,924
Cash at bank and in hand 93,594 90,728
132,919 133,652
Creditors: amounts falling due within one year 5 ( 41,366) ( 39,271)
Net current assets 91,553 94,381
Total assets less current liabilities 165,249 133,277
Provision for liabilities 6 ( 9,967) ( 3,646)
Net assets 155,282 129,631
Capital and reserves
Called-up share capital 100 100
Profit and loss account 155,182 129,531
Total shareholder's funds 155,282 129,631

For the financial 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.

Director's responsibilities:

The financial statements of Digital Remote Automation Motion Limited (registered number: 08614772) were approved and authorised for issue by the Director on 07 June 2025. They were signed on its behalf by:

A I Macbride
Director
DIGITAL REMOTE AUTOMATION MOTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
DIGITAL REMOTE AUTOMATION MOTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Digital Remote Automation Motion Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Lake Farm Close, Hedge End, Southampton, SO30 4SB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 4 years straight line
Vehicles 5 years straight line
Computer equipment 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 August 2023 24,312 56,771 19,050 0 100,133
Additions 14,378 4,662 26,874 784 46,698
Disposals 0 0 ( 19,050) 0 ( 19,050)
At 31 July 2024 38,690 61,433 26,874 784 127,781
Accumulated depreciation
At 01 August 2023 2,431 39,756 19,050 0 61,237
Charge for the financial year 2,431 7,626 1,792 49 11,898
Disposals 0 0 ( 19,050) 0 ( 19,050)
At 31 July 2024 4,862 47,382 1,792 49 54,085
Net book value
At 31 July 2024 33,828 14,051 25,082 735 73,696
At 31 July 2023 21,881 17,015 0 0 38,896

4. Debtors

2024 2023
£ £
Trade debtors 35,602 40,817
Other debtors 3,723 2,107
39,325 42,924

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 31 353
Accruals 3,928 2,750
Taxation and social security 34,605 31,355
Other creditors 2,802 4,813
41,366 39,271

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 3,646) ( 4,985)
(Charged)/credited to the Statement of Income and Retained Earnings ( 6,321) 1,339
At the end of financial year ( 9,967) ( 3,646)