D.G.S. (GRINDING WHEELS & MACHINES) LIMITED


Directors	Mrs E Griffiths
	Mrs L Kimpton
	Mrs B Stevens


Company Secretary	Mrs B Stevens


Registered Address	Units 4 And 5 Spring Road Industrial Estate
	Lanesfield Drive
	Wolverhampton
	WV4 6UA


Registered Number	00896862 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		24,210		213,483
Investments	4		10,143		10,143
			34,353		223,626
Current assets
Stocks		79,001		71,837
Debtors	5	443,273		410,699
Cash at bank and on hand		108,514		128,839
		630,788		611,375
Creditors amounts falling due within one year	6	(321,630)		(312,154)
Net current assets (liabilities)			309,158		299,221
Total assets less current liabilities			343,511		522,847
Provisions for liabilities			-		(39,928)
Net assets			343,511		482,919
Capital and reserves
Called up share capital			985		985
Revaluation reserve			-		202,999
Profit and loss account			342,526		278,935
Shareholders' funds	7		343,511		482,919

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2026, and are signed on its behalf by:

Mrs B Stevens
Director
Registered Company No. 00896862

D.G.S. (GRINDING WHEELS & MACHINES) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

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

	Current taxation
	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
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	15
	Office Equipment	15

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments 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.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		15

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	427,221
	Disposals	(185,000)
	At 31 December 25	242,221
	Depreciation and impairment
	At 01 January 25	213,738
	Charge for year	4,273
	At 31 December 25	218,010
	Net book value
	At 31 December 25	24,210
	At 31 December 24	213,483

4.	Fixed asset investments
	Fixed asset investments are held at cost value.

		Total
		£
	Cost or valuation
	At 01 January 25	10,143
	At 31 December 25	10,143
	Net book value
	At 31 December 25	10,143
	At 31 December 24	10,143

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	220,826	195,114
Other debtors	221,608	215,585
Total	442,434	410,699

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	129,158	120,705
Taxation and social security	38,528	39,553
Other creditors	153,944	151,896
Total	321,630	312,154

7.	Revaluation reserve


		£
	Reserve at 01 January 25	202,999
	Revaluations of plant, property and equipment	(202,999)