General Information
Distribution Maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 05880907, registration address Unit 1 Roffey Hall Farm, Threshers Bush, Harlow, Essex, CM17 0NS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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:
| Plant and Machinery |
25% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Computer Equipment |
15% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 6 (2024 : 6).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
110,000 |
|
110,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
110,000 |
|
110,000 |
| Amortisation |
| At 01 January 2025 |
99,000 |
|
99,000 |
| Charge for year |
5,500 |
|
5,500 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
104,500 |
|
104,500 |
| Net book values |
| At 31 December 2025 |
5,500 |
|
5,500 |
| At 31 December 2024 |
11,000 |
|
11,000 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
17,390 |
|
427,599 |
|
6,903 |
|
451,892 |
| Additions |
2,910 |
|
41,500 |
|
- |
|
44,410 |
| Disposals |
- |
|
(28,495) |
|
- |
|
(28,495) |
| At 31 December 2025 |
20,300 |
|
440,604 |
|
6,903 |
|
467,807 |
| Depreciation |
| At 01 January 2025 |
15,746 |
|
158,581 |
|
863 |
|
175,190 |
| Charge for year |
1,139 |
|
73,177 |
|
1,510 |
|
75,826 |
| On disposals |
- |
|
(10,686) |
|
- |
|
(10,686) |
| At 31 December 2025 |
16,885 |
|
221,072 |
|
2,373 |
|
240,330 |
| Net book values |
| Closing balance as at 31 December 2025 |
3,415 |
|
219,532 |
|
4,530 |
|
227,477 |
| Opening balance as at 01 January 2025 |
1,644 |
|
269,018 |
|
6,040 |
|
276,702 |
|
2
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