DM CO. (UK) PTY LTD

DM CO. (UK) PTY LTD

DM CO. (UK) PTY LTD - Company Information

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DM CO. (UK) PTY LTD

Company Registration Number:
02525778 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2020

Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

DM CO. (UK) PTY LTD

Contents of the Financial Statements

for the Period Ended 31 July 2020

Balance sheet
Notes

DM CO. (UK) PTY LTD

Balance sheet

As at 31 July 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 0 92
Total fixed assets: 0 92
Current assets
Debtors:   0 512
Cash at bank and in hand: 11,205 9,181
Total current assets: 11,205 9,693
Creditors: amounts falling due within one year: 4 (1,891) (759)
Net current assets (liabilities): 9,314 8,934
Total assets less current liabilities: 9,314 9,026
Total net assets (liabilities): 9,314 9,026
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 9,312 9,024
Shareholders funds: 9,314 9,026

The notes form part of these financial statements

DM CO. (UK) PTY LTD

Balance sheet statements

For the year ending 31 July 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 October 2020
and signed on behalf of the board by:

Name: Mr J Macinante
Status: Director

The notes form part of these financial statements

DM CO. (UK) PTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered .

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Computers Fully depreciated during the year

DM CO. (UK) PTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

DM CO. (UK) PTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2020

3. Tangible Assets

Total
Cost £
At 01 August 2019 594
At 31 July 2020 594
Depreciation
At 01 August 2019 502
Charge for year 92
At 31 July 2020 594
Net book value
At 31 July 2020 0
At 31 July 2019 92

DM CO. (UK) PTY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2020

4. Creditors: amounts falling due within one year note

Corporation tax: £1,028 (2019: £30)Other taxation and social security: £nil (2019: £253)Other creditors: £863 (2019: £476)