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REGISTERED NUMBER: 07273959 (England and Wales)
















































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: S M Webber





SECRETARY: S M Webber





REGISTERED OFFICE: Unit 3
Iceni Court
Icknield Way
Letchworth Garden City
Hertfordshire
SG6 1TN





REGISTERED NUMBER: 07273959 (England and Wales)





AUDITORS: Mander Duffill
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 - 1
Tangible assets 5 224,633 416,950
224,633 416,951

CURRENT ASSETS
Stocks 452,647 268,677
Debtors 6 2,613,262 2,118,395
Cash at bank and in hand 116,482 20,141
3,182,391 2,407,213
CREDITORS
Amounts falling due within one year 7 1,956,346 1,468,136
NET CURRENT ASSETS 1,226,045 939,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,450,678

1,356,028

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES - (70,940 )
NET ASSETS 1,439,011 1,263,421

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,439,010 1,263,420
SHAREHOLDERS' FUNDS 1,439,011 1,263,421

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 and authorised for issue the director and authorised for issue on 24 June 2025 and were signed by:





S M Webber - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost, 10% on cost and Over remaining term of the lease

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 16 (2023 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 1
Disposals (1 )
At 29 June 2024 -
NET BOOK VALUE
At 29 June 2024 -
At 30 June 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 934,196
Additions 82,319
Disposals (684,080 )
At 29 June 2024 332,435
DEPRECIATION
At 1 July 2023 517,246
Charge for period 36,190
Eliminated on disposal (445,634 )
At 29 June 2024 107,802
NET BOOK VALUE
At 29 June 2024 224,633
At 30 June 2023 416,950

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 975,560 1,357,954
Amounts owed by group undertakings 120,000 369,516
Other debtors 31,985 34,049
Amounts owed by related party 1,360,199 -
Directors' loan accounts - 162,475
Deferred tax asset 9,004 -
Prepayments 116,514 194,401
2,613,262 2,118,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) - 785
Trade creditors 710,196 1,047,092
Taxation and social security 79,064 155,327
Other creditors 1,157,086 254,932
1,956,346 1,468,136

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 30.6.23
£    £   
Bank loans 11,667 21,667

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 - 785

Non-cancellable operating leases
29.6.24 30.6.23
£    £   
Within one year 171,584 114,002
Between one and five years 317,980 489,564
489,564 603,566

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

The Report of the Auditors was unqualified.

Richard Mander FCA (Senior Statutory Auditor)
for and on behalf of Mander Duffill

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
£    £   
S M Webber
Balance outstanding at start of period 162,475 189,400
Amounts advanced - 313,075
Amounts repaid (162,475 ) (340,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 162,475

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.