Registered number
06920860
DTS Construction & Fitting Limited
Unaudited Filleted Accounts
for the year ended 31 March 2023
DTS Construction & Fitting Limited
Registered number: 06920860
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,901 23,359
Current assets
Stocks 6,827 8,382
Debtors 4 326 36,338
Cash at bank and in hand 82,850 69,423
90,003 114,143
Creditors: amounts falling due within one year 5 (22,893) (34,645)
Net current assets 67,110 79,498
Total assets less current liabilities 87,011 102,857
Creditors: amounts falling due after more than one year 6 (36,667) (40,703)
Provisions for liabilities (3,781) (4,438)
Net assets 46,563 57,716
Capital and reserves
Called up share capital 20,200 20,200
Profit and loss account 26,363 37,516
Shareholders' funds 46,563 57,716
The directors are 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 directors acknowledge their 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.
D Todorov
Director
Approved by the board on 17 October 2023
DTS Construction & Fitting Limited
Notes to the Accounts
for the year ended 31 March 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).
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 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:
Fixtures, fittings & equipment 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings & equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 18,079 28,795 46,874
Additions 1,517 - 1,517
At 31 March 2023 19,596 28,795 48,391
Depreciation
At 1 April 2022 14,549 8,966 23,515
Charge for the year 1,009 3,966 4,975
At 31 March 2023 15,558 12,932 28,490
Net book value
At 31 March 2023 4,038 15,863 19,901
At 31 March 2022 3,530 19,829 23,359
4 Debtors 2023 2022
£ £
Trade debtors 326 36,338
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 3,900
Taxation and social security costs 7,098 11,751
Other creditors 15,795 18,994
22,893 34,645
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 36,667 40,703
7 Controlling party
The ultimate controlling party is D Todorov, the company director.
8 Other information
DTS Construction & Fitting Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Hillside Gardens
Barnet
Herts
EN5 2NG
DTS Construction & Fitting Limited 06920860 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 D Todorov No description of principal activity 06920860 2021-04-01 2022-03-31 06920860 core:WithinOneYear 2022-03-31 06920860 core:AfterOneYear 2022-03-31 06920860 core:ShareCapital 2022-03-31 06920860 core:RetainedEarningsAccumulatedLosses 2022-03-31 06920860 2022-04-01 2023-03-31 06920860 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06920860 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06920860 bus:Director40 2022-04-01 2023-03-31 06920860 1 2022-04-01 2023-03-31 06920860 2 2022-04-01 2023-03-31 06920860 core:PlantMachinery 2022-04-01 2023-03-31 06920860 core:Vehicles 2022-04-01 2023-03-31 06920860 countries:England 2022-04-01 2023-03-31 06920860 bus:FRS102 2022-04-01 2023-03-31 06920860 bus:FullAccounts 2022-04-01 2023-03-31 06920860 2023-03-31 06920860 core:WithinOneYear 2023-03-31 06920860 core:AfterOneYear 2023-03-31 06920860 core:ShareCapital 2023-03-31 06920860 core:RetainedEarningsAccumulatedLosses 2023-03-31 06920860 core:PlantMachinery 2023-03-31 06920860 core:Vehicles 2023-03-31 06920860 2022-03-31 06920860 core:PlantMachinery 2022-03-31 06920860 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure