DGM Solutions Ltd - Period Ending 2015-04-30

Registration number: 04745447

DGM Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

HML Davies Ltd
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

DGM Solutions Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

DGM Solutions Ltd
(Registration number: 04745447)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			6,072			8,947
Current assets
Stocks					15,241			25,236
Debtors					17,105			17,018
Cash at bank and in hand					290,847			188,221
					323,193			230,475
Creditors: Amounts falling due within one year					(65,786)			(72,474)
Net current assets					257,407			158,001
Net assets					263,479			166,948
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					262,479			165,948
Shareholders' funds					263,479			166,948

For the year ending 30 April 2015 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.

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

Approved by the Board on 16 September 2015 and signed on its behalf by:

.........................................
Mrs Joanne Lesley Gallacher
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

DGM Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	15% reducing balance
Office equipment	15% reducing balance
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

DGM Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		20,090			20,090
Disposals		(5,100)			(5,100)
At 30 April 2015		14,990			14,990
Depreciation
At 1 May 2014		11,143			11,143
Charge for the year		1,261			1,261
Eliminated on disposals		(3,486)			(3,486)
At 30 April 2015		8,918			8,918
Net book value
At 30 April 2015		6,072			6,072
At 30 April 2014		8,947			8,947

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
ordinary of £1 each		1,000			1,000			1,000			1,000

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