Registered number
09885948
DMS Bricklaying Limited
Unaudited Filleted Accounts
28 February 2023
DMS Bricklaying Limited
Registered number: 09885948
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,615 919
Current assets
Debtors 4 164,384 201,297
Cash at bank and in hand 586,833 552,110
751,217 753,407
Creditors: amounts falling due within one year 5 (49,959) (47,647)
Net current assets 701,258 705,760
Total assets less current liabilities 713,873 706,679
Creditors: amounts falling due after more than one year 6 (9,912) -
Provisions for liabilities (2,379) (151)
Net assets 701,582 706,528
Capital and reserves
Called up share capital 100 100
Profit and loss account 701,482 706,428
Shareholder's funds 701,582 706,528
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Darren Sellick
Director
Approved by the board on 3 October 2023
DMS Bricklaying Limited
Notes to the Accounts
for the period from 1 April 2022 to 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 1,332 500 1,832
Additions 252 15,195 15,447
At 28 February 2023 1,584 15,695 17,279
Depreciation
At 1 April 2022 502 411 913
Charge for the period 248 3,503 3,751
At 28 February 2023 750 3,914 4,664
Net book value
At 28 February 2023 834 11,781 12,615
At 31 March 2022 830 89 919
4 Debtors 2023 2022
£ £
Trade debtors 59,178 93,115
Other debtors 105,206 108,182
164,384 201,297
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,867 -
Trade creditors 3,422 9,416
Tax and social security costs 34,938 34,102
Other creditors 9,732 4,129
49,959 47,647
6 Description and conditions 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 9,912 -
6 Loans to director B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free loan, repayable on demand 99,668 110,148 (110,448) 99,368
99,668 110,148 (110,448) 99,368
7 Other information
DMS Bricklaying Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
The company director made the decision to shorten their year end from 31 March 2023 to 28 February 2023, displaying a 11 month period. On this basis the prior year figures are not entirely comparable due to the fact these 2023 accounts cover an 11 month period, while the previous accounting period 2022 was a 12 month period.
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