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

REGISTERED NUMBER: 07366024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

DMN Logistics Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr. N Chadaway

Ms D A Spencer

Mr G A Xuereb

REGISTERED OFFICE:

Custard Factory

Gibb Street

Digbeth

Birmingham

West Midlands

B9 4AA

REGISTERED NUMBER:

07366024 (England and Wales)

ACCOUNTANTS:

Onyx Accountants Ltd

Chartered Management Accountants

Onyx House

12 Phoenix Business Park

Avenue Road, Aston

Birmingham

West Midlands

B7 4NU

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 Report of the Directors 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 DMN Logistics Limited for the year ended

31 December 2019 which comprise the Income Statement, Abridged Balance Sheet, Statement of

Changes in Equity 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of DMN Logistics Limited, as a body, in accordance with the terms of our engagement letter dated 16 August 2014. Our work has been undertaken solely to prepare for your approval the financial statements of DMN Logistics Limited and state those matters that we have agreed to state to the Board of Directors of DMN Logistics Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DMN Logistics 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 DMN Logistics Limited. You consider that DMN Logistics 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 DMN Logistics 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.

Onyx Accountants Ltd

Chartered Management Accountants

Onyx House

12 Phoenix Business Park

Avenue Road, Aston

Birmingham

West Midlands

B7 4NU

Date: .............................................

FIXED ASSETS

Tangible assets

4

99,811

171,062

CURRENT ASSETS

Debtors

1,114,983

1,669,289

Cash at bank and in hand

244,006

137,805

1,358,989

1,807,094

CREDITORS

Amounts falling due within one year

973,206

1,382,095

NET CURRENT ASSETS

385,783

424,999

TOTAL ASSETS LESS CURRENT LIABILITIES

485,594

596,061

CREDITORS

Amounts falling due after more than one year

(429,492

)

(123,117

)

PROVISIONS FOR LIABILITIES

(9,984

)

(34,212

)

NET ASSETS

46,118

438,732

CAPITAL AND RESERVES

Called up share capital

600

900

Retained earnings

45,518

437,832

SHAREHOLDERS' FUNDS

46,118

438,732

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 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 and authorised for issue on 15 May 2020 and were signed on its behalf by:

Mr. N Chadaway - Director

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.

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 31 (2018 - 108 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

371,206

Additions

64,654

Disposals

(181,620

)

At 31 December 2019

254,240

DEPRECIATION

At 1 January 2019

200,144

Charge for year

35,116

Eliminated on disposal

(80,831

)

At 31 December 2019

154,429

NET BOOK VALUE

At 31 December 2019

99,811

At 31 December 2018

171,062

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

follows:

Totals

£

COST

At 1 January 2019

181,620

Disposals

(181,620

)

At 31 December 2019

-

DEPRECIATION

At 1 January 2019

80,831

Eliminated on disposal

(80,831

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

100,789