DMN Logistics Limited - Accounts to registrar (filleted) - small 18.2

DMN Logistics Limited - Accounts to registrar (filleted) - small 18.2

DMN LOGISTICS LIMITED - Company Information

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REGISTERED NUMBER: 07366024 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

DMN Logistics Limited
DMN Logistics Limited (Registered number: 07366024)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DMN Logistics Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: Mr. N Chadaway
Mr M W Hutchings
Ms D A Spencer





REGISTERED OFFICE: 10 Bromley Street
Birmingham
B9 4AN





REGISTERED NUMBER: 07366024 (England and Wales)





ACCOUNTANTS: Onyx Accountants Ltd
Chartered Certified Accountants
Onyx House
12 Phoenix Business Park
Avenue Road, Aston
Birmingham
West Midlands
B7 4NU
Page 1
DMN Logistics Limited (Registered number: 07366024)

Abridged Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,062 206,250

CURRENT ASSETS
Debtors 1,669,289 1,214,431
Cash at bank and in hand 137,805 107,971
1,807,094 1,322,402
CREDITORS
Amounts falling due within one year 1,382,095 1,010,396
NET CURRENT ASSETS 424,999 312,006
TOTAL ASSETS LESS CURRENT
LIABILITIES
596,061
518,256

CREDITORS
Amounts falling due after more than
one year
(123,117
)
(162,116
)

PROVISIONS FOR LIABILITIES (34,212 ) (41,250 )
NET ASSETS 438,732 314,890

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 437,832 313,990
SHAREHOLDERS' FUNDS 438,732 314,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes form part of these financial statements

Page 2 continued...
DMN Logistics Limited (Registered number: 07366024)

Abridged Balance Sheet - continued
31 December 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were
signed on its behalf by:





Mr. N Chadaway - Director


The notes form part of these financial statements

Page 3
DMN Logistics Limited (Registered number: 07366024)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

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.

Page 4 continued...
DMN Logistics Limited (Registered number: 07366024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.
The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 108 (2017 - 79 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 335,007
Additions 36,199
At 31 December 2018 371,206
DEPRECIATION
At 1 January 2018 128,757
Charge for year 71,387
At 31 December 2018 200,144
NET BOOK VALUE
At 31 December 2018 171,062
At 31 December 2017 206,250

Page 5 continued...
DMN Logistics Limited (Registered number: 07366024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as
follows:

Totals
£   
COST
At 1 January 2018
and 31 December 2018 181,620
DEPRECIATION
At 1 January 2018 46,487
Charge for year 34,344
At 31 December 2018 80,831
NET BOOK VALUE
At 31 December 2018 100,789
At 31 December 2017 135,133

Page 6