D. G. Controls Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00911313 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 August 2022

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

3,159

29

Tangible assets

5

13,266

18,450

16,425

18,479

CURRENT ASSETS

Stocks

175,460

154,819

Debtors

6

114,598

108,580

Cash at bank and in hand

62,244

57,965

352,302

321,364

CREDITORS

Amounts falling due within one year

7

59,919

64,026

NET CURRENT ASSETS

292,383

257,338

TOTAL ASSETS LESS CURRENT LIABILITIES

308,808

275,817

CREDITORS

Amounts falling due after more than one year

8

29,167

39,167

NET ASSETS

279,641

236,650

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

229,641

186,650

SHAREHOLDERS' FUNDS

279,641

236,650

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2023 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 12 (2021 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2021

1,626

Additions

3,514

At 31 August 2022

5,140

AMORTISATION

At 1 September 2021

1,597

Charge for year

384

At 31 August 2022

1,981

NET BOOK VALUE

At 31 August 2022

3,159

At 31 August 2021

29

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

784,124

Additions

6,800

At 31 August 2022

790,924

DEPRECIATION

At 1 September 2021

765,674

Charge for year

11,984

At 31 August 2022

777,658

NET BOOK VALUE

At 31 August 2022

13,266

At 31 August 2021

18,450

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

93,357

88,194

Other debtors

21,241

20,386

114,598

108,580

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

33,647

38,076

Amounts owed to group undertakings

11,029

8,742

Taxation and social security

6

1

Other creditors

5,237

7,207

59,919

64,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

29,167

39,167

9.	RELATED PARTY DISCLOSURES

At 31 August 2022 the company owed £11,029 (2021: £8,742) to its parent company Saltation Limited.