DMS Plus Limited - Filleted accounts

Registered number

09211123

DMS Plus Limited

Unaudited Filleted Accounts

31 January 2025

DMS Plus Limited

Company Information

Directors

Mr C T J Bolton

Mrs K A Owens (appointed 9 September 2024)

Accountants

Keith Graham

Chartered Accountants

Suite 2, Wesley Chambers

Queens Road

Aldershot

Hampshire

GU11 3JD

Registered office

Unit 2-3, Blacknest Business Park

Blacknest Road, Nr Bentley

Alton

Hampshire

GU34 4PX

Registered number

09211123

DMS Plus Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DMS Plus Limited for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DMS Plus Limited for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of DMS Plus Limited, as a body, in accordance with the terms of our engagement letter dated 2 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of DMS Plus Limited and state those matters that we have agreed to state to the Board of Directors of DMS Plus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DMS Plus Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DMS Plus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DMS Plus Limited. You consider that DMS Plus Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DMS Plus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD

31 October 2025

DMS Plus Limited
Registered number:		09211123
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		4,801			6,401
Tangible assets	4		136,664			79,345
			141,465			85,746

Current assets
Stocks		534,944			449,604
Debtors	5	934,624			1,050,620
Cash at bank and in hand		283,081			663,702
		1,752,649			2,163,926
Debtors falling due after more than one year	5	177,559			72,319
		1,930,208			2,236,245

Creditors: amounts falling due within one year	6	(1,388,962)			(1,305,949)

Net current assets			541,246			930,296

Total assets less current liabilities			682,711			1,016,042

Creditors: amounts falling due after more than one year	7		(46,684)			(73,091)

Provisions for liabilities			(15,532)			(19,276)


Net assets			620,495			923,675

Capital and reserves
Called up share capital			78			78
Capital redemption reserve			75			75
Profit and loss account			620,342			923,522

Shareholder's funds			620,495			923,675

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 member has 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 C T J Bolton
Director
Approved by the board on 31 October 2025

DMS Plus Limited
Notes to the Accounts
for the year ended 31 January 2025

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 sale or lease of medical products despatched to customers and training and education provided during the year. 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 is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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 equipment	20% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Assets held for disposal are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. The accounts contain estimated investment values that are based on assumptions made by the directors that are otherwise uncertain. Estimates are made taking into account historical experience, current trends and other relevant factors. However, because balances cannot be determined with certainty, actual results could be different from the estimates.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price (less costs to complete and sell) and consists of goods for resale. Cost is determined using the first in first out method which is averaged over the period of ownership. 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.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		9


3	Intangible fixed assets					£
	Software:

	Cost
	At 1 February 2024					20,500
	At 31 January 2025					20,500

	Amortisation
	At 1 February 2024					14,099
	Provided during the year					1,600
	At 31 January 2025					15,699

	Net book value
	At 31 January 2025					4,801
	At 31 January 2024					6,401

	Software is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	31,863		105,869		137,732
	Additions	975		88,660		89,635
	Disposals	(7,842)		-		(7,842)
	At 31 January 2025	24,996		194,529		219,525

	Depreciation
	At 1 February 2024	16,139		42,248		58,387
	Charge for the year	4,585		24,914		29,499
	On disposals	(5,025)		-		(5,025)
	At 31 January 2025	15,699		67,162		82,861

	Net book value
	At 31 January 2025	9,297		127,367		136,664
	At 31 January 2024	15,724		63,621		79,345


5	Debtors			2025		2024
£					£

	Trade debtors			787,102		911,409
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		295
	Finance lease receivables			101,260		88,652
	Other debtors			46,262		50,264
				934,624		1,050,620

	Amounts due after more than one year			177,559		72,319


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			343,367		-
	Obligations under finance lease and hire purchase contracts			230,380		137,316
	Trade creditors			481,488		701,405
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			1,294		-
	Taxation and social security costs			254,679		414,227
	Other creditors			77,754		53,001
				1,388,962		1,305,949


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			46,684		73,091


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			343,367		-

	The loan is advanced from Iwoca Ltd and is personally guaranteed by the director, Mr C T J Bolton. The loan has a fixed interest rate of 1.500% per 30 days on any credit balance upto £500,000.00. Interest is charged at the applicable rate on the daily balance outstanding and is added monthly.

9	Finance lease receivables	Within 1 year		Greater than 1 year	Total
£			£		£

	Future minimum lease payments	111,217		189,706		300,923
	Unearned finance income	(9,957)		(12,148)		(22,105)
	Carrying value	101,260		177,558		278,818

	Veterinary IV devices which are sold under consumables purchase plan agreements.


10	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			358,815		42,773


11	Related party transactions

	The company has taken advantage of the exemption in Financial Reporting Standards 102 not to disclose related party transactions with wholly owned group undertakings.


12	Controlling party

	The ultimate controlling party is Bolton Holdings Limited, a shareholder of the company. Its registered office is: 23 Main Street Market Bosworth Nuneaton CV13 0JN


13	Other information

	DMS Plus Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2-3, Blacknest Business Park
	Blacknest Road, Nr Bentley
	Alton
	Hampshire
	GU34 4PX

	The financial statements are presented in Sterling, which is the functional currency of the company.