DMLINK LTD - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06935829 (England and Wales)

DMLINK LTD

Unaudited Financial Statements

for the Year Ended 31 March 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

S Toon

REGISTERED OFFICE:

50 Lilac Drive

Lutterworth

Leicestershire

LE17 4FP

REGISTERED NUMBER:

06935829 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Ltd

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,768

2,106

2,768

2,106

CURRENT ASSETS

Stocks

21,000

4,365

Debtors

6

43,401

36,790

Cash at bank and in hand

134,639

138,785

199,040

179,940

CREDITORS

Amounts falling due within one year

7

163,204

147,228

NET CURRENT ASSETS

35,836

32,712

TOTAL ASSETS LESS CURRENT LIABILITIES

38,604

34,818

CREDITORS

Amounts falling due after more than one year

8

10,833

16,989

NET ASSETS

27,771

17,829

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

27,571

17,629

SHAREHOLDERS' FUNDS

27,771

17,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2023 and were signed by:

S Toon - Director

1.	STATUTORY INFORMATION

DMLINK LTD 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33.33% straight line

Government grants

Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

10,000

AMORTISATION

At 1 April 2022

and 31 March 2023

10,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2022

4,036

1,000

10,661

15,697

Additions

-

458

1,689

2,147

At 31 March 2023

4,036

1,458

12,350

17,844

DEPRECIATION

At 1 April 2022

3,153

900

9,538

13,591

Charge for year

221

140

1,124

1,485

At 31 March 2023

3,374

1,040

10,662

15,076

NET BOOK VALUE

At 31 March 2023

662

418

1,688

2,768

At 31 March 2022

883

100

1,123

2,106

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

43,165

36,627

Other debtors

236

163

43,401

36,790

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

6,380

6,388

Trade creditors

101,644

79,538

Taxation and social security

28,164

31,861

Other creditors

27,016

29,441

163,204

147,228

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

10,833

16,989