D. G. Controls Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00911313 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 August 2019

for

D. G. CONTROLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W E J Whiten ACMA CGMA

Mrs W R Whiten

SECRETARY:

Mrs W R Whiten

REGISTERED OFFICE:

Cadley Hill Road

Swadlincote

Derbyshire

DE11 9TB

REGISTERED NUMBER:

00911313 (England and Wales)

ACCOUNTANTS:

Peach & Co.

Chartered Accountants

115 Byrkley Street

Burton on Trent

Staffordshire

DE14 2EG

SOLICITORS:

Edwards Geldard Solicitors

One Pride Place

Pride Park

Derby

DE24 8QR

FIXED ASSETS

Intangible assets

4

355

518

Tangible assets

5

30,169

31,325

30,524

31,843

CURRENT ASSETS

Stocks

151,138

173,564

Debtors

6

87,996

93,740

Cash at bank and in hand

26,202

17,036

265,336

284,340

CREDITORS

Amounts falling due within one year

7

88,851

71,029

NET CURRENT ASSETS

176,485

213,311

TOTAL ASSETS LESS CURRENT LIABILITIES

207,009

245,154

CREDITORS

Amounts falling due after more than one year

8

-

40,500

NET ASSETS

207,009

204,654

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

157,009

154,654

SHAREHOLDERS' FUNDS

207,009

204,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2020 and were signed on its behalf by:

W E J Whiten ACMA CGMA - Director

1.	STATUTORY INFORMATION

D. G. Controls 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.

Trade marks

The amount paid to obtain and register trade marks is amortised evenly over the trade marks life of ten

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 etc

-

33% on cost, 20% on cost and 10% on cost

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in-first-out method, and consists of material and direct labour costs,

together with an appropriate proportion of attributable overheads.

Taxation

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 11 (2018 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2018

and 31 August 2019

1,626

AMORTISATION

At 1 September 2018

1,108

Charge for year

163

At 31 August 2019

1,271

NET BOOK VALUE

At 31 August 2019

355

At 31 August 2018

518

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

761,211

Additions

10,083

At 31 August 2019

771,294

DEPRECIATION

At 1 September 2018

729,886

Charge for year

11,239

At 31 August 2019

741,125

NET BOOK VALUE

At 31 August 2019

30,169

At 31 August 2018

31,325

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

68,224

69,480

Other debtors

19,772

24,260

87,996

93,740

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

30,761

35,170

Amounts owed to group undertakings

13,113

16,986

Taxation and social security

241

1,187

Other creditors

44,736

17,686

88,851

71,029

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

-

40,500

9.	RELATED PARTY DISCLOSURES

At 31 August 2019 the company owed £13,113 (2018: £16,986) to its parent company Saltation Limited.

During the year ended 31 August 2014, the company was loaned £105,000 by its directors. The balance

outstanding at 31 August 2019 was £40,200 (2018: £52,500). This loan is interest free and repayable in

installments by 31 August 2020.