DMC Imaging Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08257592

DMC Imaging Ltd

Filleted Unaudited Financial Statements

31 March 2025

DMC Imaging Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

DMC Imaging Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	476	996
Tangible assets	6	29,741	20,254
		--------	--------
		30,217	21,250

Current assets

Debtors	7	1,093,847	1,162,500
Cash at bank and in hand		16,498	1,602
		------------	------------
		1,110,345	1,164,102

Creditors: amounts falling due within one year	8	1,892,810		1,560,404
		------------		------------
Net current liabilities			782,465	396,302
			---------	---------
Total assets less current liabilities			( 752,248)	( 375,052)
			---------	---------
Net liabilities			( 752,248)	( 375,052)
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 752,348)	( 375,152)
	---------	---------
Shareholders deficit	( 752,248)	( 375,052)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

DMC Imaging Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 14 January 2026 , and are signed on behalf of the board by:

Mr A Gupta

Director

Company registration number: 08257592

DMC Imaging Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 Chadwick Road, Peckham, London, SE15 4PU, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Computer software	-	3 year straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2024: 10 ).

5. Intangible assets

	Intangible asset user defined 1
	£
Cost
At 1 April 2024 and 31 March 2025	167,859
	---------
Amortisation
At 1 April 2024	166,863
Charge for the year	520
	---------
At 31 March 2025	167,383
	---------
Carrying amount
At 31 March 2025	476
	---------
At 31 March 2024	996
	---------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	7,554	399,024	406,578
Additions	–	18,387	18,387
	-------	---------	---------
At 31 March 2025	7,554	417,411	424,965
	-------	---------	---------
Depreciation
At 1 April 2024	7,145	379,179	386,324
Charge for the year	102	8,798	8,900
	-------	---------	---------
At 31 March 2025	7,247	387,977	395,224
	-------	---------	---------
Carrying amount
At 31 March 2025	307	29,434	29,741
	-------	---------	---------
At 31 March 2024	409	19,845	20,254
	-------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	247,998	453,653
Amounts owed by group undertakings and undertakings in which the company has a participating interest	801,693	666,693
Other debtors	44,156	42,154
	------------	------------
	1,093,847	1,162,500
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	306	–
Trade creditors	175,368	154,586
Social security and other taxes	14,428	10,881
Other creditors	1,702,708	1,394,937
	------------	------------
	1,892,810	1,560,404
	------------	------------

9. Related party transactions

At the balance sheet date, the company was owed £801,693 (2024: £666,693) from companies owned within common control. At the balance sheet date, the company owed £1,409,818 (2024: £1,409,819) to companies owned within common control. At the balance sheet date, the company owed £36,000 (2024: £nil) to a business under the directors control.