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 2022 false No description of principal activity Taxfiler 2023.9 01978278business:PrivateLimitedCompanyLtd2022-02-012023-01-31 019782782022-01-31 019782782022-02-012023-01-31 01978278business:AuditExemptWithAccountantsReport2022-02-012023-01-31 01978278business:FilletedAccounts2022-02-012023-01-31 019782782023-01-31 01978278business:Director12022-02-012023-01-31 01978278business:RegisteredOffice2022-02-012023-01-31 019782782022-01-31 01978278core:WithinOneYear2023-01-31 01978278core:WithinOneYear2022-01-31 01978278core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 01978278core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 01978278core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 01978278core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 01978278core:PreviouslyStatedAmount2023-01-31 01978278core:PreviouslyStatedAmount2022-01-31 01978278business:SmallEntities2022-02-012023-01-31 01978278countries:EnglandWales2022-02-012023-01-31 01978278core:PlantMachinery2022-02-012023-01-31 01978278core:MotorVehicles2022-02-012023-01-31 01978278core:FurnitureFittings2022-02-012023-01-31 01978278core:ComputerEquipment2022-02-012023-01-31 01978278core:LandBuildings2022-01-31 01978278core:PlantMachinery2022-01-31 01978278core:MotorVehicles2022-01-31 01978278core:FurnitureFittings2022-01-31 01978278core:ComputerEquipment2022-01-31 01978278core:LandBuildings2023-01-31 01978278core:PlantMachinery2023-01-31 01978278core:MotorVehicles2023-01-31 01978278core:FurnitureFittings2023-01-31 01978278core:ComputerEquipment2023-01-31 01978278core:LandBuildings2022-02-012023-01-31 019782782021-02-012022-01-31 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 2023
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 2023
Director
Gary Andrew Butcher
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 director 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 2023.
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 2023. 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 9 October 2023
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D.I.G. CORRUGATED MACHINERY LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
30,868 
38,085 
Current assets
Inventories
163,752 
186,946 
Debtors
5
51,658 
82,897 
Cash at bank and in hand
80,529 
62,798 
295,939 
332,641 
Creditors: amounts falling due within one year
6
(106,277)
(133,985)
Net current assets
189,662 
198,656 
Total assets less current liabilities
220,530 
236,741 
Provisions for liabilities
Deferred tax
(3,450)
(5,267)
Net assets
217,080 
231,474 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
216,980 
231,374 
Shareholders' funds
217,080 
231,474 
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 10 October 2023 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 2023
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%
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 2022
10,362 
36,336 
29,507 
624 
18,383 
95,212 
At 31 January 2023
10,362 
36,336 
29,507 
624 
18,383 
95,212 
Depreciation
At 1 February 2022
- 
21,093 
19,922 
541 
15,571 
57,127 
Charge for the year
- 
4,102 
2,396 
21 
698 
7,217 
At 31 January 2023
- 
25,195 
22,318 
562 
16,269 
64,344 
Net book value
At 31 January 2023
10,362 
11,141 
7,189 
62 
2,114 
30,868 
At 31 January 2022
10,362 
15,243 
9,585 
83 
2,812 
38,085 
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D.I.G. CORRUGATED MACHINERY LIMITED Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,419 
78,498 
Accrued income and prepayments
4,673 
4,399 
Other debtors
1,566 
- 
51,658 
82,897 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
41,115 
46,759 
Trade creditors
50,599 
84,278 
Taxes and social security
12,268 
2,199 
Other creditors
795 
749 
Accruals
1,500 
- 
106,277 
133,985 
7
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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