D.I.G. CORRUGATED MACHINERY LIMITED

D.I.G. CORRUGATED MACHINERY LIMITED

D.I.G. CORRUGATED MACHINERY LIMITED - Company Information

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1 February 2019 false No description of principal activity Taxfiler 2020.9 01978278business:PrivateLimitedCompanyLtd2019-02-012020-01-31 019782782019-01-31 019782782019-02-012020-01-31 01978278business:AuditExemptWithAccountantsReport2019-02-012020-01-31 01978278business:FullAccounts2019-02-012020-01-31 019782782020-01-31 01978278business:Director12019-02-012020-01-31 01978278business:Director22019-02-012020-01-31 01978278business:RegisteredOffice2019-02-012020-01-31 019782782019-01-31 01978278core:WithinOneYear2020-01-31 01978278core:WithinOneYear2019-01-31 01978278core:ShareCapital2020-01-31 01978278core:ShareCapital2019-01-31 01978278core:RetainedEarningsAccumulatedLosses2020-01-31 01978278core:RetainedEarningsAccumulatedLosses2019-01-31 01978278business:SmallEntities2019-02-012020-01-31 01978278countries:EnglandWales2019-02-012020-01-31 01978278core:PlantMachinery2019-02-012020-01-31 01978278core:MotorVehicles2019-02-012020-01-31 01978278core:FurnitureFittings2019-02-012020-01-31 01978278core:ComputerEquipment2019-02-012020-01-31 01978278core:LandBuildings2019-01-31 01978278core:PlantMachinery2019-01-31 01978278core:MotorVehicles2019-01-31 01978278core:FurnitureFittings2019-01-31 01978278core:ComputerEquipment2019-01-31 01978278core:LandBuildings2019-02-012020-01-31 01978278core:LandBuildings2020-01-31 01978278core:PlantMachinery2020-01-31 01978278core:MotorVehicles2020-01-31 01978278core:FurnitureFittings2020-01-31 01978278core:ComputerEquipment2020-01-31 019782782018-02-012019-01-31 iso4217:GBP xbrli:pure
Company Registration No. 01978278 (England and Wales)
D.I.G. CORRUGATED MACHINERY LIMITED Unaudited accounts for the year ended 31 January 2020
D.I.G. CORRUGATED MACHINERY LIMITED Unaudited accounts Contents
Page
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D.I.G. CORRUGATED MACHINERY LIMITED Company Information for the year ended 31 January 2020
Directors
Gary Andrew Butcher Gary Peter Knights
Company Number
01978278 (England and Wales)
Registered Office
5 CULLEN PLACE EASTLANDS INDUSTRIAL ESTATE LEISTON SUFFOLK IP16 4LL
Accountants
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY
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D.I.G. CORRUGATED MACHINERY LIMITED Accountants' report
Accountants' report to the board of directors of D.I.G. CORRUGATED MACHINERY LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2020.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2020. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY 15 July 2020
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D.I.G. CORRUGATED MACHINERY LIMITED Statement of financial position as at 31 January 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
36,793 
31,203 
Current assets
Inventories
5
128,575 
103,592 
Debtors
6
90,334 
100,277 
Cash at bank and in hand
61,642 
173,268 
280,551 
377,137 
Creditors: amounts falling due within one year
7
(74,430)
(134,409)
Net current assets
206,121 
242,728 
Net assets
242,914 
273,931 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
242,814 
273,831 
Shareholders' funds
242,914 
273,931 
For the year ending 31 January 2020 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 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 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 of Directors and authorised for issue on 15 July 2020 and were signed on its behalf by
Gary Andrew Butcher Director Company Registration No. 01978278
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D.I.G. CORRUGATED MACHINERY LIMITED Notes to the Accounts for the year ended 31 January 2020
1
Statutory information
D.I.G. CORRUGATED MACHINERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01978278. The registered office is 5 CULLEN PLACE, EASTLANDS INDUSTRIAL ESTATE, LEISTON, SUFFOLK, IP16 4LL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
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D.I.G. CORRUGATED MACHINERY LIMITED Notes to the Accounts for the year ended 31 January 2020
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2019
10,362 
13,859 
15,507 
624 
18,383 
58,735 
Additions
- 
402 
14,000 
- 
- 
14,402 
At 31 January 2020
10,362 
14,261 
29,507 
624 
18,383 
73,137 
Depreciation
At 1 February 2019
- 
8,603 
6,785 
427 
11,717 
27,532 
Charge for the year
- 
1,415 
5,681 
49 
1,667 
8,812 
At 31 January 2020
- 
10,018 
12,466 
476 
13,384 
36,344 
Net book value
At 31 January 2020
10,362 
4,243 
17,041 
148 
4,999 
36,793 
At 31 January 2019
10,362 
5,256 
8,722 
197 
6,666 
31,203 
5
Inventories
2020 
2019 
£ 
£ 
Raw materials
89,647 
68,529 
Work in progress
20,910 
18,063 
Finished goods
18,018 
17,000 
128,575 
103,592 
6
Debtors
2020 
2019 
£ 
£ 
Trade debtors
83,573 
95,495 
Accrued income and prepayments
6,761 
4,782 
90,334 
100,277 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
62,255 
135,602 
Taxes and social security
10,675 
(3,074)
Other creditors
- 
381 
Accruals
1,500 
1,500 
74,430 
134,409 
8
Average number of employees
During the year the average number of employees was 7 (2019: 6).
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