| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| for |
| DM Calibration Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| for |
| DM Calibration Limited |
| DM Calibration Limited (Registered number: 02578415) |
| Contents of the Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DM Calibration Limited |
| Company Information |
| for the Period 1 July 2023 to 29 June 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Old Post Office |
| 41-43 Market Place |
| Chippenham |
| Wiltshire |
| SN15 3HR |
| DM Calibration Limited (Registered number: 02578415) |
| Balance Sheet |
| 29 June 2024 |
| 29.6.24 | 30.6.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| DM Calibration Limited (Registered number: 02578415) |
| Balance Sheet - continued |
| 29 June 2024 |
| The financial statements were approved by the director and authorised for issue on |
| DM Calibration Limited (Registered number: 02578415) |
| Notes to the Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| 1. | STATUTORY INFORMATION |
| DM Calibration Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Measure revenue at the fair value of the consideration received or receivable. The fair value of the consideration takes into account the amount of trade discounts, prompt settlement discounts and volume rebates allowed by the entity. |
| Recognition of revenue shall occur when; |
| The entity has transferred to the buyer the significant risks and rewards of ownership of the goods; |
| The entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |
| The amount of revenue can be measured reliably; |
| It is probable that the economic benefits associated with the transaction will flow to the entity; and |
| The costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Goodwill |
| 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 |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the period 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. |
| DM Calibration Limited (Registered number: 02578415) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 2. | 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 period 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| Additions |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| DM Calibration Limited (Registered number: 02578415) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2023 |
| Additions |
| At 29 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for period |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| At 30 June 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2023 |
| Transfer to ownership | (47,742 | ) |
| At 29 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for period |
| Transfer to ownership | (25,064 | ) |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| At 30 June 2023 |
| DM Calibration Limited (Registered number: 02578415) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| DM Calibration Limited (Registered number: 02578415) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 254,792 | 34,283 |
| Bank loans are secured by fixed charge and negative pledge. |
| Hire purchase liabilities are secured upon the assets to which they relate. |
| Invoice discounting liabilities, disclosed as bank overdrafts are secured upon the specific debts to which they relate. |
| 11. | RELATED PARTY DISCLOSURES |
| 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. |
| Included within other creditors is an amount of £1,360,199 payable to DM Systems Group Limited, a company controlled by the director S M Webber. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is S M Webber. |