DM Consultants Limited - Period Ending 2023-03-31

DM Consultants Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 6

DM Consultants Limited

Company Information

Director

Mr David Alan Monk

Registered office

6 Houndiscombe Road Plymouth Devon PL4 6HH

Accountants

Houndiscombe Consultants Limited T/A Condy Mathias Chartered Accountants 6 Houndiscombe Road Plymouth Devon PL4 6HH

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DM Consultants Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DM Consultants Limited for the year ended 31 March 2023 as set out on pages 3 to 6 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of DM Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DM Consultants Limited and state those matters that we have agreed to state to the Board of Directors of DM Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DM Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DM Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DM Consultants Limited. You consider that DM Consultants 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 accounts of DM Consultants 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 accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

23 November 2023

DM Consultants Limited

(Registration number: 13294634)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	1,569	1,020
Current assets
Debtors	5	17,511	34,346
Cash at bank and in hand		11,070	25,306
		28,581	59,652
Creditors: Amounts falling due within one year	6	(5,097)	(12,971)
Net current assets		23,484	46,681
Net assets		25,053	47,701
Capital and reserves
Called up share capital		100	100
Retained earnings		24,953	47,601
Shareholders' funds		25,053	47,701

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 23 November 2023
 

.........................................

Mr David Alan Monk

Director

DM Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
4 The Crescent
Plymouth
Devon
PL1 3AB

These financial statements were authorised for issue by the director on 23 November 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of surveying and consultancy services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

DM Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	33 % Straight line method
Plant and Machinary	25% Reducing balance method

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2022	1,049	-	1,049
Additions	500	499	999
At 31 March 2023	1,549	499	2,048
Depreciation
At 1 April 2022	29	-	29
Charge for the year	387	63	450
At 31 March 2023	416	63	479
Carrying amount
At 31 March 2023	1,133	436	1,569
At 31 March 2022	1,020	-	1,020

5

Debtors

DM Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

	2023 £	2022 £
Trade debtors	3,596	-
Prepayments	-	349
Other debtors	13,915	33,997
	17,511	34,346

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	-	14
Taxation and social security	3,447	11,457
Accruals and deferred income	1,650	1,500
	5,097	12,971

7	Related party transactions

Other transactions with the director

During the year the company made advances of £16,053 to the director. The director made repayments during the year of £36,500. At the year end the balance owed to the company was £13,914 (2022: £33,997). Interest at the HMRC standard rate was charged on the overdrawn balance. This loan is repayable on demand.