Registered number
07901842
DMS Plastering Limited
Filleted Accounts
31 January 2023
DMS Plastering Limited
Registered number: 07901842
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,206 7,819
Current assets
Debtors 4 1,274 312
Cash at bank and in hand 21,202 44,480
22,476 44,792
Creditors: amounts falling due within one year 5 (7,201) (16,177)
Net current assets 15,275 28,615
Total assets less current liabilities 21,481 36,434
Creditors: amounts falling due after more than one year 6 (16,487) (21,068)
Net assets 4,994 15,366
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,894 15,266
Shareholders' funds 4,994 15,366
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 members have 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.
Darren Smart
Director
Approved by the board on 15 September 2023
DMS Plastering Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
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 February 2022 1,883 7,350 9,233
Additions 292 - 292
At 31 January 2023 2,175 7,350 9,525
Depreciation
At 1 February 2022 691 723 1,414
Charge for the year 435 1,470 1,905
At 31 January 2023 1,126 2,193 3,319
Net book value
At 31 January 2023 1,049 5,157 6,206
At 31 January 2022 1,192 6,627 7,819
4 Debtors 2023 2022
£ £
Other debtors 1,274 312
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,985 4,932
Taxation and social security costs 809 9,898
Other creditors 1,407 1,347
7,201 16,177
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,487 21,068
7 Other information
DMS Plastering Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Purton Road
Swindon
Wiltshire
SN2 2LZ
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