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Company registration number: 05155824

DPS Plastering (North West) Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

DPS Plastering (North West) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

DPS Plastering (North West) Limited

Company Information

Directors

Mr G Edmondson

Mr P W Wildman

Registered office

62 Lynton Way
Windle
St. Helens
WA10 6EQ

Accountants

Abrams Ashton Limited
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
DPS Plastering (North West) Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DPS Plastering (North West) Limited for the year ended 31 March 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of DPS Plastering (North West) Limited, as a body, in accordance with the terms of our engagement letter dated 28 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of DPS Plastering (North West) Limited and state those matters that we have agreed to state to the Board of Directors of DPS Plastering (North West) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPS Plastering (North West) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DPS Plastering (North West) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DPS Plastering (North West) Limited. You consider that DPS Plastering (North West) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of DPS Plastering (North West) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Limited
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

24 October 2023

 

DPS Plastering (North West) Limited

(Registration number: 05155824)
Balance Sheet as at 31 March 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

5

2,178

4,732

Current assets

 

Debtors

6

26,466

21,164

Cash at bank and in hand

 

1,750

3,682

 

28,216

24,846

Creditors: Amounts falling due within one year

7

(27,699)

(14,182)

Net current assets

 

517

10,664

Total assets less current liabilities

 

2,695

15,396

Creditors: Amounts falling due after more than one year

7

(446)

(1,781)

Provisions for liabilities

(414)

-

Net assets

 

1,835

13,615

Capital and reserves

 

Called up share capital

4

4

Retained earnings

1,831

13,611

Shareholders' funds

 

1,835

13,615

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

DPS Plastering (North West) Limited

(Registration number: 05155824)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 23 October 2023 and signed on its behalf by:
 

.........................................
Mr G Edmondson
Director

.........................................
Mr P W Wildman
Director

 

DPS Plastering (North West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
62 Lynton Way
Windle
St. Helens
WA10 6EQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

DPS Plastering (North West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

DPS Plastering (North West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

30,000

30,000

At 31 March 2023

30,000

30,000

Amortisation

At 1 April 2022

30,000

30,000

At 31 March 2023

30,000

30,000

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

2,140

12,700

14,840

Disposals

-

(7,700)

(7,700)

At 31 March 2023

2,140

5,000

7,140

Depreciation

At 1 April 2022

2,048

8,060

10,108

Charge for the year

23

703

726

Eliminated on disposal

-

(5,872)

(5,872)

At 31 March 2023

2,071

2,891

4,962

Carrying amount

At 31 March 2023

69

2,109

2,178

At 31 March 2022

92

4,640

4,732

 

DPS Plastering (North West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

(As restated)

2022
£

Other debtors

26,466

21,164

26,466

21,164

7

Creditors

Creditors: amounts falling due within one year

2023
£

(As restated)

2022
£

Due within one year

Corporation tax

12,577

8,682

Other creditors

15,122

5,500

27,699

14,182

Creditors: amounts falling due after more than one year

2023
£

(As restated)

2022
£

Due after one year

Other non-current financial liabilities

446

1,781

8

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mr P W Wildman

Directors loan account

2,741

(2,741)

-

       
     

 

 

DPS Plastering (North West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2022

At 1 April 2021
£

Advances to director
£

At 31 March 2022
£

Mr P W Wildman

Directors loan account

-

2,741

2,741