DJM Electrical Services Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2023



DJM Electrical Services Limited

CONTENTS

for the year ended 30th April 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

DJM Electrical Services Limited

Company No. 05776729

STATEMENT OF FINANCIAL POSITION

as at 30th April 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment44874946535
4874946535
CURRENT ASSETS
Stocks51865-
Debtors61928314488
Cash at bank and in hand276594298051
297742312539
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7162158182327
NET CURRENT ASSETS135584130212
TOTAL ASSETS LESS CURRENT LIABILITIES184333176747
 
Creditors: amounts falling due
after more than one year84400046000
 
NET ASSETS140333130747
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings140332130746
SHAREHOLDERS FUNDS140333130747

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 31 January 2024


D J McGinty

Director

Company Number 05776729 (England)

DJM Electrical Services Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2023


1   Statutory information

DJM Electrical Services Limited is a private company limited by shares and registered under company number 05776729 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles15% - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2022 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2022 21545788691600102014
Additions13109--13109
At 30th April 202334654788691600115123
 
Depreciation
At 1st May 2022 2112132923143555479
Charge for year338374872510895
At 30th April 20232450440410146066374
 
Net Book Value
At 30th April 2023101503845914048749
At 30th April 20224244594616546535

5   Stocks20232022
££
 
Work in progress1865-
1865-

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20232022
££
 
Trade Debtors1928314488
1928314488

7   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts60004000
Trade Creditors1606114713
Corporation tax87678393
Taxes and social security costs7129763541
Other creditors4819955846
Accruals and deferred income1183435834
162158182327

8   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts4400046000
4400046000

9   Loans20232022
££
Analysis of maturity of debt:
 
Within one year60004000
Between one and five years4400046000
5000050000

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
D J McGinty596713694
596713694

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