DMG Floorcare Ltd SC351715 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is the hire, sale and service of janitorial and floor cleaning equipment and consumables Digita Accounts Production Advanced 6.30.9574.0 true SC351715 2023-12-01 2024-11-30 SC351715 2024-11-30 SC351715 bus:CompanySecretaryDirector2 1 2024-11-30 SC351715 bus:CompanySecretaryDirector2 2 2024-11-30 SC351715 bus:Director1 1 2024-11-30 SC351715 bus:Director1 2 2024-11-30 SC351715 bus:OrdinaryShareClass1 2024-11-30 SC351715 core:CurrentFinancialInstruments 2024-11-30 SC351715 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 SC351715 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 SC351715 core:BetweenTwoFiveYears 2024-11-30 SC351715 core:WithinOneYear 2024-11-30 SC351715 core:FurnitureFittings 2024-11-30 SC351715 core:MotorVehicles 2024-11-30 SC351715 core:OfficeEquipment 2024-11-30 SC351715 core:PlantMachinery 2024-11-30 SC351715 bus:SmallEntities 2023-12-01 2024-11-30 SC351715 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC351715 bus:FullAccounts 2023-12-01 2024-11-30 SC351715 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC351715 bus:RegisteredOffice 2023-12-01 2024-11-30 SC351715 bus:CompanySecretaryDirector2 2023-12-01 2024-11-30 SC351715 bus:CompanySecretaryDirector2 1 2023-12-01 2024-11-30 SC351715 bus:CompanySecretaryDirector2 2 2023-12-01 2024-11-30 SC351715 bus:Director1 2023-12-01 2024-11-30 SC351715 bus:Director1 1 2023-12-01 2024-11-30 SC351715 bus:Director1 2 2023-12-01 2024-11-30 SC351715 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 SC351715 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC351715 core:FurnitureFittings 2023-12-01 2024-11-30 SC351715 core:MotorVehicles 2023-12-01 2024-11-30 SC351715 core:OfficeEquipment 2023-12-01 2024-11-30 SC351715 core:PlantMachinery 2023-12-01 2024-11-30 SC351715 countries:Scotland 2023-12-01 2024-11-30 SC351715 2023-11-30 SC351715 bus:CompanySecretaryDirector2 1 2023-11-30 SC351715 bus:CompanySecretaryDirector2 2 2023-11-30 SC351715 bus:Director1 1 2023-11-30 SC351715 bus:Director1 2 2023-11-30 SC351715 core:FurnitureFittings 2023-11-30 SC351715 core:MotorVehicles 2023-11-30 SC351715 core:OfficeEquipment 2023-11-30 SC351715 core:PlantMachinery 2023-11-30 SC351715 2022-12-01 2023-11-30 SC351715 2023-11-30 SC351715 bus:CompanySecretaryDirector2 1 2023-11-30 SC351715 bus:CompanySecretaryDirector2 2 2023-11-30 SC351715 bus:Director1 1 2023-11-30 SC351715 bus:Director1 2 2023-11-30 SC351715 bus:OrdinaryShareClass1 2023-11-30 SC351715 core:CurrentFinancialInstruments 2023-11-30 SC351715 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 SC351715 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 SC351715 core:BetweenTwoFiveYears 2023-11-30 SC351715 core:WithinOneYear 2023-11-30 SC351715 core:FurnitureFittings 2023-11-30 SC351715 core:MotorVehicles 2023-11-30 SC351715 core:OfficeEquipment 2023-11-30 SC351715 core:PlantMachinery 2023-11-30 SC351715 bus:CompanySecretaryDirector2 1 2022-12-01 2023-11-30 SC351715 bus:CompanySecretaryDirector2 2 2022-12-01 2023-11-30 SC351715 bus:Director1 1 2022-12-01 2023-11-30 SC351715 bus:Director1 2 2022-12-01 2023-11-30 SC351715 bus:CompanySecretaryDirector2 1 2022-11-30 SC351715 bus:CompanySecretaryDirector2 2 2022-11-30 SC351715 bus:Director1 1 2022-11-30 SC351715 bus:Director1 2 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

DMG Floorcare Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

DMG Floorcare Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

DMG Floorcare Ltd

Company Information

Directors

M B Grant

D Grant

Company secretary

D Grant

Registered office

172 Kelvinhaugh Street
Glasgow
G3 8PR

 

DMG Floorcare Ltd

(Registration number: SC351715)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

69,698

91,863

Current assets

 

Stocks

5

124,600

116,885

Debtors

6

281,732

232,331

Cash at bank and in hand

 

35,825

43,845

 

442,157

393,061

Creditors: Amounts falling due within one year

7

(274,356)

(237,043)

Net current assets

 

167,801

156,018

Total assets less current liabilities

 

237,499

247,881

Creditors: Amounts falling due after more than one year

7

(34,927)

(69,423)

Provisions for liabilities

(9,376)

(10,947)

Net assets

 

193,196

167,511

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

193,096

167,411

Shareholders' funds

 

193,196

167,511

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

 

DMG Floorcare Ltd

(Registration number: SC351715)
Balance Sheet as at 30 November 2024

.........................................
M B Grant
Director

.........................................
D Grant
Company secretary and director

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
172 Kelvinhaugh Street
Glasgow
G3 8PR

The principal place of business is:
35 Colquhoun Avenue
Hillington Park
Glasgow
G52 4BN

These financial statements were authorised for issue by the Board on 6 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

20% reducing balance

Office equipment

33% reducing balance

Fixtures and fittings

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

11,219

26,534

24,928

182,965

245,646

Additions

450

-

-

6,000

6,450

Disposals

-

-

-

(25,461)

(25,461)

At 30 November 2024

11,669

26,534

24,928

163,504

226,635

Depreciation

At 1 December 2023

11,088

25,120

20,373

97,202

153,783

Charge for the year

116

283

1,518

21,688

23,605

Eliminated on disposal

-

-

-

(20,451)

(20,451)

At 30 November 2024

11,204

25,403

21,891

98,439

156,937

Carrying amount

At 30 November 2024

465

1,131

3,037

65,065

69,698

At 30 November 2023

131

1,414

4,555

85,763

91,863

5

Stocks

2024
£

2023
£

Work in progress

1,520

1,275

Finished goods and goods for resale

123,080

115,610

124,600

116,885

6

Debtors

Current

2024
£

2023
£

Trade debtors

149,644

152,602

Prepayments

12,175

11,136

Other debtors

119,913

68,593

 

281,732

232,331

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

112,813

91,512

Trade creditors

 

58,254

94,166

Taxation and social security

 

94,568

41,873

Accruals and deferred income

 

6,995

8,035

Other creditors

 

1,726

1,457

 

274,356

237,043

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

34,927

69,423

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

52,196

52,507

Later than one year and not later than five years

106,227

158,423

158,423

210,930

 

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9

Obligations under leases and hire purchase contracts (continued)

The amount of non-cancellable operating lease payments recognised as an expense during the year was £26,000 (2023 - £26,000).

10

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

D Grant

-

-

-

-

loan to director

34,296

39,750

(38,912)

35,134

34,296

39,750

(38,912)

35,134

M B Grant

-

-

-

-

loan to director

34,296

39,750

(38,912)

35,134

34,296

39,750

(38,912)

35,134

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

D Grant

-

-

-

-

loan to director

24,608

46,500

(36,812)

34,296

24,608

46,500

(36,812)

34,296

M B Grant

-

-

-

-

loan to director

24,608

46,500

(36,812)

34,296

24,608

46,500

(36,812)

34,296