D.G. 2 Limited - Accounts to registrar (filleted) - small 22.3

D.G. 2 Limited - Accounts to registrar (filleted) - small 22.3

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 2022

for

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






Contents of the Financial Statements
for the Year Ended 31 December 2022




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 2022







DIRECTORS: A R Bowles
J Bowles





SECRETARY: 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 2022 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


16 March 2023

This page does not form part of the statutory financial statements

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

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,525 5,074

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 71,021 76,305
Cash at bank and in hand 168,774 150,481
240,795 227,786
CREDITORS
Amounts falling due within one year 6 (126,655 ) (108,689 )
NET CURRENT ASSETS 114,140 119,097
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,665
124,171

CREDITORS
Amounts falling due after more than
one year
7
(24,913
)
(32,487
)

PROVISIONS FOR LIABILITIES (1,475 ) (556 )
NET ASSETS 97,277 91,128

CAPITAL AND RESERVES
Called up share capital 18,601 18,601
Capital redemption reserve 10,000 10,000
Retained earnings 68,676 62,527
97,277 91,128

The notes form part of these financial statements

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

Balance Sheet - continued
31 December 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 and authorised for issue on 16 March 2023 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 2022

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 2022

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 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022 57,521
Additions 7,206
At 31 December 2022 64,727
DEPRECIATION
At 1 January 2022 52,447
Charge for year 2,755
At 31 December 2022 55,202
NET BOOK VALUE
At 31 December 2022 9,525
At 31 December 2021 5,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 68,731 74,027
Other debtors 2,290 2,278
71,021 76,305

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

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,928 12,000
Trade creditors 42,584 25,302
Taxation and social security 44,749 41,927
Other creditors 29,394 29,460
126,655 108,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 24,913 32,487

Page 7