DFM Associates Limited - Filleted accounts

Registered number

06706486

DFM Associates Limited

Filleted Accounts

31 March 2025

DFM Associates Limited
Registered number:		06706486
Balance Sheet
as at 31 March 2025


Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		634,507			611,889

Current assets
Debtors	4	67,023			110,175
Cash at bank and in hand		36,855			35,098
		103,878			145,273

Creditors: amounts falling due within one year	5	(214,460)			(275,491)

Net current liabilities			(110,582)			(130,218)

Total assets less current liabilities			523,925			481,671

Creditors: amounts falling due after more than one year	6		(2,496)			(8,580)



Net assets			521,429			473,091

Capital and reserves
Called up share capital			100			100
Profit and loss account			521,329			472,991

Shareholders' funds			521,429			473,091

The director is 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 director acknowledges his 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.



…............................
A Duff
Director
Approved by the board on 31 December 2025

DFM Associates Limited
Notes to the Accounts
for the year ended 31 March 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 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:

	Freehold buildings			not depreciated
	Plant and machinery			over 4 - 5 years

	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.

	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					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	607,591		13,973		-		621,564
	Additions	-		-		33,024		33,024
	At 31 March 2025	607,591		13,973		33,024		654,588

	Depreciation
	At 1 April 2024	-		9,675		-		9,675
	Charge for the year	-		2,150		8,256		10,406
	At 31 March 2025	-		11,825		8,256		20,081

	Net book value
	At 31 March 2025	607,591		2,148		24,768		634,507
	At 31 March 2024	607,591		4,298		-		611,889
	Investment property is included at fair value at the balance sheet date, the director deems fair value to be in line with cost.


4	Debtors					2025		2024
£							£

	Trade debtors					63,694		106,768
	Other debtors					3,329		3,407
						67,023		110,175


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

	Bank loans and overdrafts					6,389		6,389
	Trade creditors					2,011		2,993
	Taxation and social security costs					46,693		47,865
	Other creditors					159,367		218,244
						214,460		275,491


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

	Bank loans					2,496		8,580


7	Controlling party

	The company was under the control of the director A Duff.


8	Other information

	DFM Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Bartletts Cottages
	Bottle Lane
	Maidenhead
	Berks
	SL6 3RZ