DAP ELECTRICAL SERVICES LTD

Company Registration Number:
05453930 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

DAP ELECTRICAL SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

DAP ELECTRICAL SERVICES LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 68,010 86,002
Total fixed assets: 68,010 86,002
Current assets
Debtors: 4 294,422 329,782
Cash at bank and in hand: 512,140 224,826
Total current assets: 806,562 554,608
Creditors: amounts falling due within one year: 5 (98,306) (76,376)
Net current assets (liabilities): 708,256 478,232
Total assets less current liabilities: 776,266 564,234
Total net assets (liabilities): 776,266 564,234
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 776,262 564,230
Shareholders funds: 776,266 564,234

The notes form part of these financial statements

DAP ELECTRICAL SERVICES LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2023
and signed on behalf of the board by:

Name: D Percival
Status: Director

The notes form part of these financial statements

DAP ELECTRICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains

Other accounting policies

CURRENTTAX Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

DAP ELECTRICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

DAP ELECTRICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 238,246
Additions 4,676
At 31 May 2023 242,922
Depreciation
At 01 June 2022 152,244
Charge for year 22,668
At 31 May 2023 174,912
Net book value
At 31 May 2023 68,010
At 31 May 2022 86,002

DAP ELECTRICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

DAP ELECTRICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2023 2022 £ £Trade creditors 29,239 36,490 Taxation and social security 67,562 27,174 Other creditors 1,505 12,712