Registered number
12259402
DGU Express Ltd
Unaudited Filleted Accounts
31 October 2024
DGU Express Ltd
Registered number: 12259402
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 146,036 111,410
Current assets
Stocks 37,450 8,200
Debtors 4 351,168 358,413
Cash at bank and in hand 19,863 62,182
408,481 428,795
Creditors: amounts falling due within one year 5 (534,339) (518,168)
Net current liabilities (125,858) (89,373)
Net assets 20,178 22,037
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,078 21,937
Shareholders' funds 20,178 22,037
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Page
Director
Approved by the board on 25 July 2025
DGU Express Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures and fittings over 4 years
Motor vehicle over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 November 2023 87,291 152,495 239,786
Additions 15,642 107,486 123,128
Disposals - (30,989) (30,989)
At 31 October 2024 102,933 228,992 331,925
Depreciation
At 1 November 2023 63,793 64,583 128,376
Charge for the year 25,733 49,100 74,833
On disposals - (17,320) (17,320)
At 31 October 2024 89,526 96,363 185,889
Net book value
At 31 October 2024 13,407 132,629 146,036
At 31 October 2023 23,498 87,912 111,410
4 Debtors 2024 2023
£ £
Trade debtors 306,168 313,413
Other debtors 45,000 45,000
351,168 358,413
5 Creditors: amounts falling due within one year 2024 2023
£ £
Overdrafts 769 -
Bank loans 6,715 10,927
Obligations under finance lease and hire purchase contracts 167,355 116,167
Trade creditors 144,216 122,147
Corporation tax 11,873 9,496
Taxation and social security costs 134,665 142,192
Directors loans 68,746 117,239
534,339 518,168
6 Controlling party
The company was controlled throughout the year by it's directors by virtue of the fact that they own the majority of the ordinary shares.
7 Other information
DGU Express Ltd is a private company limited by shares and incorporated in England. Its registered office is:
90 Brixton Hill
London
SW2 1QN
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