D.G. 2 Limited - Accounts to registrar (filleted) - small 18.2

D.G. 2 Limited - Accounts to registrar (filleted) - small 18.2

D.G. 2 LIMITED - Company Information

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REGISTERED NUMBER: 01350367 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 December 2019

for

D.G. 2 Limited
D.G. 2 Limited (Registered number: 01350367)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


D.G. 2 Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: A R Bowles
Mrs J Bowles





SECRETARY: Mrs J Bowles





REGISTERED OFFICE: 83 High Street
Kinver
Stourbridge
West Midlands
DY7 6HD





REGISTERED NUMBER: 01350367 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D.G. 2 Limited

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Directors' Report are not
required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of D.G. 2 Limited for the year ended 31 December 2019
which comprise the Profit and Loss Account, Balance Sheet and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D.G. 2 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D.G. 2 Limited and state those matters that we have agreed to state to the Board of Directors of D.G. 2 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.G. 2 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D.G. 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D.G. 2 Limited. You consider that D.G. 2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D.G. 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


24 February 2020

This page does not form part of the statutory financial statements

Page 2
D.G. 2 Limited (Registered number: 01350367)

Balance Sheet
31 December 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 16,282 14,055

CURRENT ASSETS
Stocks 1,000 2,500
Debtors 5 72,060 64,414
Cash at bank and in hand 94,901 77,433
167,961 144,347
CREDITORS
Amounts falling due within one year 6 (95,274 ) (79,541 )
NET CURRENT ASSETS 72,687 64,806
TOTAL ASSETS LESS CURRENT
LIABILITIES
88,969
78,861

PROVISIONS FOR LIABILITIES (2,486 ) (1,930 )
NET ASSETS 86,483 76,931

CAPITAL AND RESERVES
Called up share capital 18,601 18,601
Capital redemption reserve 10,000 10,000
Retained earnings 57,882 48,330
86,483 76,931

The notes form part of these financial statements

Page 3 continued...
D.G. 2 Limited (Registered number: 01350367)

Balance Sheet - continued
31 December 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 24 February 2020 and were
signed on its behalf by:





A R Bowles - Director


The notes form part of these financial statements

Page 4
D.G. 2 Limited (Registered number: 01350367)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

D.G. 2 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.
Fixtures and fittings - 25% on straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and
Loss Account, 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 5 continued...
D.G. 2 Limited (Registered number: 01350367)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

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 4 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2019 48,592
Additions 8,083
Disposals (195 )
At 31 December 2019 56,480
DEPRECIATION
At 1 January 2019 34,537
Charge for year 5,856
Eliminated on disposal (195 )
At 31 December 2019 40,198
NET BOOK VALUE
At 31 December 2019 16,282
At 31 December 2018 14,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 69,735 61,990
Other debtors 2,325 2,424
72,060 64,414

Page 6 continued...
D.G. 2 Limited (Registered number: 01350367)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 23,878 19,529
Taxation and social security 43,226 40,885
Other creditors 28,170 19,127
95,274 79,541

Page 7