Company Registration No. 12856684 (England and Wales)
DM Lofts Limited
Unaudited accounts
for the year ended 31 October 2025
DM Lofts Limited
Unaudited accounts
Contents
DM Lofts Limited
Company Information
for the year ended 31 October 2025
Company Number
12856684 (England and Wales)
Registered Office
C/O Accounts And Legal
81 King Street
Manchester
M2 4AH
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
DM Lofts Limited
Statement of financial position
as at 31 October 2025
Intangible assets
29,370
48,870
Tangible assets
101,435
45,717
Cash at bank and in hand
387,998
134,345
Creditors: amounts falling due within one year
(210,382)
(108,635)
Net current assets
262,213
100,936
Total assets less current liabilities
393,018
195,523
Creditors: amounts falling due after more than one year
(85,136)
(26,473)
Net assets
307,882
169,050
Called up share capital
100
100
Profit and loss account
307,782
168,950
Shareholders' funds
307,882
169,050
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 April 2026 and were signed on its behalf by
Desmond McDonald
Director
Company Registration No. 12856684
DM Lofts Limited
Notes to the Accounts
for the year ended 31 October 2025
DM Lofts Limited is a private company, limited by shares, registered in England and Wales, registration number 12856684. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, M2 4AH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
The accounts are presented in £ sterling.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on a FIFO basis.
DM Lofts Limited
Notes to the Accounts
for the year ended 31 October 2025
Income tax expense represents the sum of the tax payable and deferred tax.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The tax expense for the year comprises current. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation has been provided using the straight line method at the following rates in order to write off the assets over their estimated useful lives:
Goodwill 20%
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
DM Lofts Limited
Notes to the Accounts
for the year ended 31 October 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
Charge for the year
19,500
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
2,799
57,954
276
2,314
63,343
Additions
4,899
57,667
12,219
895
75,680
At 31 October 2025
7,698
115,621
12,495
3,209
139,023
At 1 November 2024
684
15,306
276
1,360
17,626
Charge for the year
1,029
17,302
759
872
19,962
At 31 October 2025
1,713
32,608
1,035
2,232
37,588
At 31 October 2025
5,985
83,013
11,460
977
101,435
At 31 October 2024
2,115
42,648
-
954
45,717
Amounts falling due within one year
Trade debtors
14,162
15,152
Accrued income and prepayments
3,434
8,839
Other debtors
15,200
6,694
DM Lofts Limited
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
17,615
8,704
Trade creditors
55,439
15,526
Taxes and social security
54,797
24,724
Other creditors
74,360
59,681
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
52,435
26,473
Taxes and social security
32,701
-
9
Average number of employees
During the year the average number of employees was 6 (2024: 5).