General Information
D&G Insurance Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11359936, registration address 40 Station Road, Redcar, North Yorkshire, TS10 1AG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
Nil Reducing Balance |
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 10).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
90,000 |
|
56,499 |
|
628 |
|
147,127 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
(56,499) |
|
- |
|
(56,499) |
| At 31 March 2025 |
90,000 |
|
- |
|
628 |
|
90,628 |
| Depreciation |
| At 01 April 2024 |
- |
|
14,125 |
|
299 |
|
14,424 |
| Charge for year |
- |
|
7,633 |
|
71 |
|
7,704 |
| On disposals |
- |
|
(21,758) |
|
- |
|
(21,758) |
| At 31 March 2025 |
- |
|
- |
|
370 |
|
370 |
| Net book values |
| Closing balance as at 31 March 2025 |
90,000 |
|
- |
|
258 |
|
90,258 |
| Opening balance as at 01 April 2024 |
90,000 |
|
42,374 |
|
329 |
|
132,703 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
303,852 |
|
307,143 |
| Prepayments & Accrued Income |
23,841 |
|
3,800 |
| Other Debtors |
54,716 |
|
30,702 |
|
382,409 |
|
341,645 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
459,996 |
|
422,208 |
| Amounts Owed to Group Undertakings |
2,000 |
|
2,000 |
| Corporation Tax |
48,929 |
|
13,382 |
| PAYE & Social Security |
4,644 |
|
3,018 |
| Accrued Expenses |
1,200 |
|
1,770 |
| Directors' Current Accounts |
254 |
|
264 |
|
517,023 |
|
442,642 |
|
| 6. |
Directors advances, credits and guarantees
Included in creditors: amounts falling due within one year are amounts owed to Director of £254 (2024 - £254).
|
2
|