| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| for |
| DM Systems Group Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| for |
| DM Systems Group Limited |
| DM Systems Group Limited (Registered number: 07273959) |
| 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 | 3 |
| DM Systems Group Limited |
| Company Information |
| for the Period 1 July 2023 to 29 June 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditor |
| The Old Post Office |
| 41-43 Market Place |
| Chippenham |
| Wiltshire |
| SN15 3HR |
| DM Systems Group Limited (Registered number: 07273959) |
| Balance Sheet |
| 29 June 2024 |
| 29.6.24 | 30.6.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved and authorised for issue the director and authorised for issue on |
| DM Systems Group Limited (Registered number: 07273959) |
| Notes to the Financial Statements |
| for the Period 1 July 2023 to 29 June 2024 |
| 1. | STATUTORY INFORMATION |
| DM Systems Group 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 |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been released to the profit and loss account in the year of acquisition in accordance with UK GAAP. |
| 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 | - |
| Stocks |
| Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion. |
| 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 Systems Group Limited (Registered number: 07273959) |
| 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. |
| 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 |
| At 1 July 2023 |
| Disposals | ( |
) |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| At 30 June 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2023 |
| Additions |
| Disposals | ( |
) |
| At 29 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 29 June 2024 |
| NET BOOK VALUE |
| At 29 June 2024 |
| At 30 June 2023 |
| DM Systems Group Limited (Registered number: 07273959) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts owed by related party | 1,360,199 | - |
| Directors' loan accounts | - | 162,475 |
| Deferred tax asset |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Bank loans |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Non-cancellable | operating leases |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| DM Systems Group Limited (Registered number: 07273959) |
| Notes to the Financial Statements - continued |
| for the Period 1 July 2023 to 29 June 2024 |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 29 June 2024 and the year ended 30 June 2023: |
| 29.6.24 | 30.6.23 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 12. | 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 debtors is an amount of £1,360,199 receivable from DM Calibration Limited, a company controlled by the director S M Webber. |
| 13. | ULTIMATE CONTROLLING PARTY |
| Mr S M Webber is the ultimate controlling party. |