IRIS Accounts Production v23.2.0.158 07969973 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079699732022-02-28079699732023-02-28079699732022-03-012023-02-28079699732021-02-28079699732021-03-012022-02-28079699732022-02-2807969973ns10:Originalns15:EnglandWales2022-03-012023-02-2807969973ns14:PoundSterlingns10:Original2022-03-012023-02-2807969973ns10:Originalns10:Director12022-03-012023-02-2807969973ns10:Original2022-03-012023-02-2807969973ns10:Original2023-02-2807969973ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807969973ns10:Originalns10:SmallEntities2022-03-012023-02-2807969973ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807969973ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807969973ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807969973ns10:Originalns10:FullAccounts2022-03-012023-02-2807969973ns10:Originalns10:Director22022-03-012023-02-2807969973ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807969973ns10:Original2022-02-2807969973ns10:Originalns5:CurrentFinancialInstruments2023-02-2807969973ns10:Originalns5:CurrentFinancialInstruments2022-02-2807969973ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807969973ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807969973ns5:ShareCapitalns10:Original2023-02-2807969973ns5:ShareCapitalns10:Original2022-02-2807969973ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807969973ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807969973ns10:Originalns5:PlantMachinery2022-03-012023-02-2807969973ns10:Originalns5:MotorVehicles2022-03-012023-02-2807969973ns10:Originalns5:ComputerEquipment2022-03-012023-02-2807969973ns10:Original2021-03-012022-02-2807969973ns10:Originalns5:PlantMachinery2022-02-2807969973ns10:Originalns5:MotorVehicles2022-02-2807969973ns10:Originalns5:ComputerEquipment2022-02-2807969973ns10:Original2022-02-2807969973ns10:Originalns5:PlantMachinery2023-02-2807969973ns10:Originalns5:MotorVehicles2023-02-2807969973ns10:Originalns5:ComputerEquipment2023-02-2807969973ns10:Originalns5:PlantMachinery2022-02-2807969973ns10:Originalns5:MotorVehicles2022-02-2807969973ns10:Originalns5:ComputerEquipment2022-02-2807969973ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2807969973ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2807969973ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-012023-02-2807969973ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-2807969973ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807969973ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 07969973 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DEARNE VALLEY MECHANICAL SERVICES LTD

DEARNE VALLEY MECHANICAL SERVICES LTD (REGISTERED NUMBER: 07969973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEARNE VALLEY MECHANICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: N M Anderson
A Warren Jnr





REGISTERED OFFICE: Heritage House
Albion Drive
Lidget Lane Industrial Estate,Thurnscoe
Rotherham
South Yorkshire
S63 0BA





REGISTERED NUMBER: 07969973 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

DEARNE VALLEY MECHANICAL SERVICES LTD (REGISTERED NUMBER: 07969973)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,158 37,661

CURRENT ASSETS
Stocks 500 500
Debtors 5 95,342 212,577
Cash at bank 66,567 152,663
162,409 365,740
CREDITORS
Amounts falling due within one year 6 32,399 140,887
NET CURRENT ASSETS 130,010 224,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,168

262,514

CREDITORS
Amounts falling due after more than one
year

7

(29,814

)

(45,065

)

PROVISIONS FOR LIABILITIES (4,780 ) (7,156 )
NET ASSETS 120,574 210,293

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,474 210,193
SHAREHOLDERS' FUNDS 120,574 210,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 13 November 2023 and were signed on its behalf by:



A Warren Jnr - Director


DEARNE VALLEY MECHANICAL SERVICES LTD (REGISTERED NUMBER: 07969973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Dearne Valley Mechanical Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DEARNE VALLEY MECHANICAL SERVICES LTD (REGISTERED NUMBER: 07969973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 900 131,031 2,183 134,114
Disposals - (23,055 ) - (23,055 )
At 28 February 2023 900 107,976 2,183 111,059
DEPRECIATION
At 1 March 2022 324 94,112 2,017 96,453
Charge for year 115 8,204 81 8,400
Eliminated on disposal - (18,952 ) - (18,952 )
At 28 February 2023 439 83,364 2,098 85,901
NET BOOK VALUE
At 28 February 2023 461 24,612 85 25,158
At 28 February 2022 576 36,919 166 37,661

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 62,116
Transfer to ownership (18,237 )
At 28 February 2023 43,879
DEPRECIATION
At 1 March 2022 39,277
Charge for year 4,628
Transfer to ownership (13,909 )
At 28 February 2023 29,996
NET BOOK VALUE
At 28 February 2023 13,883
At 28 February 2022 22,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 125,933
Other debtors 95,342 86,644
95,342 212,577

DEARNE VALLEY MECHANICAL SERVICES LTD (REGISTERED NUMBER: 07969973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,251 4,823
Trade creditors 10,538 68,798
Taxation and social security 3,637 27,941
Other creditors 2,973 29,325
32,399 140,887

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,500 37,500
Hire purchase contracts 2,314 7,565
29,814 45,065

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,565 12,388

9. RELATED PARTY DISCLOSURES

N M Anderson is interested as a director and shareholder of Anderson Hydraulics (Doncaster) Ltd.
During the year the company paid rent to Anderson Hydraulics (Doncaster) Ltd in the amount of £19,992 (2022: £16,248).

10. ULTIMATE CONTROLLING PARTY

The directors holding the entire issued share capital exercise control over the company.