DSG Formwork & Steelfixing Limited

Registered number

12289455

Unaudited Filleted Accounts

31 October 2024

DSG Formwork & Steelfixing Limited
Registered number:		12289455
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		90,749			65,871

Current assets
Debtors	4	37,139			43,540
Cash at bank and in hand		2,161			504
		39,300			44,044

Creditors: amounts falling due within one year	5	(235,086)			(190,355)

Net current liabilities			(195,786)			(146,311)

Total assets less current liabilities			(105,037)			(80,440)

Creditors: amounts falling due after more than one year	6		-			(7,179)

Provisions for liabilities			-			(10,066)


Net liabilities			(105,037)			(97,685)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(105,137)			(97,785)

Shareholders' funds			(105,037)			(97,685)

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.




Mr D Guelbert
Director
Approved by the board on 14 October 2025

DSG Formwork & Steelfixing Limited
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			15% - 33% straight line

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Plant & machinery		Fixtures & fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2023	74,768		5,075		18,327		98,170
	Additions	42,811		1,000		9,500		53,311
	At 31 October 2024	117,579		6,075		27,827		151,481

	Depreciation
	At 1 November 2023	26,157		705		5,437		32,299
	Charge for the year	20,422		1,715		6,296		28,433
	At 31 October 2024	46,579		2,420		11,733		60,732

	Net book value
	At 31 October 2024	71,000		3,655		16,094		90,749
	At 31 October 2023	48,611		4,370		12,890		65,871


4	Debtors					2024		2023
£							£

	Trade debtors					9,106		14,181
	Other debtors					28,033		29,359
						37,139		43,540


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					20,216		18,407
	Trade creditors					5,881		4,212
	Other creditors					208,989		167,736
						235,086		190,355


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					-		7,179


7	Other information

	DSG Formwork & Steelfixing Limited is a private company limited by shares and incorporated in England. Its registered office is:
	35 Charles Street
	Reading
	Berkshire
	RG71 7DB