2022-10-01 05225612 2023-09-30 05225612 2022-10-01 2023-09-30 05225612 2022-09-30 05225612 2021-10-01 2022-09-30 05225612 uk-core:WithinOneYear 2022-09-30 05225612 uk-core:WithinOneYear 2023-09-30 05225612 uk-core:AfterOneYear 2022-09-30 05225612 uk-core:AfterOneYear 2023-09-30 05225612 uk-core:ShareCapital 2023-09-30 05225612 uk-core:ShareCapital 2022-09-30 05225612 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 05225612 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 05225612 uk-bus:Director1 2022-10-01 2023-09-30 05225612 uk-core:LandBuildings 2022-10-01 2023-09-30 05225612 uk-core:PlantMachinery 2022-10-01 2023-09-30 05225612 uk-core:MotorVehicles 2022-10-01 2023-09-30 05225612 uk-core:FurnitureFittings 2022-10-01 2023-09-30 05225612 uk-core:FurnitureFittings 2022-09-30 05225612 uk-core:MotorVehicles 2022-09-30 05225612 uk-core:PlantMachinery 2022-09-30 05225612 uk-core:LandBuildings 2022-09-30 05225612 uk-core:PlantMachinery 2023-09-30 05225612 uk-core:MotorVehicles 2023-09-30 05225612 uk-core:FurnitureFittings 2023-09-30 05225612 uk-core:LandBuildings 2023-09-30 05225612 uk-core:WithinOneYear 2023-09-30 05225612 uk-core:WithinOneYear 2022-09-30 05225612 uk-core:AfterOneYear uk-core:Secured 2023-09-30 05225612 uk-core:AfterOneYear uk-core:Secured 2022-09-30 iso4217:GBP xbrli:pure 05225612 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05225612 uk-bus:FRS102 2022-10-01 2023-09-30 05225612 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 05225612 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
D P Services Machine Removals Limited
Registered Number:05225612
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
D P Services Machine Removals Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05225612
As at 30 September 2023
D P Services Machine Removals Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
592,430
640,862
2
592,430
640,862
Current assets
Trade and other receivables
368,474
266,012
3
7,381
Cash and cash equivalents
31,225
297,237
375,855
Trade and other payables: amounts falling due within one
year
(373,656)
(358,362)
4
2,199
(61,125)
Net current liabilities
Total assets less current liabilities
531,305
643,061
Trade and other payables: amounts falling due after more
than one year
(280,284)
(194,147)
5
(116,500)
(110,000)
Provisions for liabilities
220,658
Net assets
252,777
Capital and reserves
Called up share capital
200
200
Retained earnings
220,458
252,577
220,658
252,777
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs.S.Payling Director
These financial statements were approved and authorised for issue by the Board on 02 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2023
D P Services Machine Removals Limited
Notes to the Financial Statements
Statutory Information
D P Services Machine Removals Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05225612.
Registered address:
The Cottage
5 Birley Lane
Sheffield
S12 3BP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2% Straight line
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Land & buildings are depreciated at 2% straight line because residual values are considered to be most accurately
reflected using this method.
Inventories
Income and profit on contracts that are on-going at the year end, are recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have orginated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
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5
For the year ended 30 September 2023
D P Services Machine Removals Limited
Notes to the Financial Statements Continued
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 the profit and loss account over the relevant period, calculated using the sum of digits method. The capital element of the future payments is treated as a liability. Rentals under operating leases are charged to the profit and loss account as incurred.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price.
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative
expenses.
Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the
asset cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds
its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a
past event, and that it is probable that an outflow of economic benefits will be required to settle the obligation and a
reliable estimate can be made. Provisions are measured at the present value of expenditure expected to be required
to settle the obligation, taking the risks and uncertainties surrounding the obligation.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 October 2022
1,204,342
34,175
285,736
832,638
51,793
64,941
-
23,275
41,666
-
Additions
-
(47,350)
-
-
Disposals
(47,350)
At 30 September 2023
874,304
261,661
34,175
1,221,933
51,793
Provision for depreciation and impairment
At 01 October 2022
563,480
25,286
195,607
335,949
6,638
Charge for year
111,632
1,333
25,977
76,796
7,526
(45,609)
-
(45,609)
-
-
On disposal
At 30 September 2023
629,503
26,619
175,975
412,745
14,164
At 30 September 2023
Net book value
37,629
461,559
85,686
7,556
592,430
At 30 September 2022
45,155
496,689
90,129
8,889
640,862
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6
For the year ended 30 September 2023
D P Services Machine Removals Limited
Notes to the Financial Statements Continued
The net book value of Plant and Machinery, of £461,559, includes £402,960 in respect of Plant and Machinery under
finance leases or hire purchase contracts.
The net book value of Motor Vehicles, of £85,686, includes £60,573 in respect of Motor Vehicles under finance leases
or hire purchase contracts.
The depreciation charge for the year includes £66,700 in respect Plant and Machinery under finance leases or hire
purchase contracts.
The deprecitaion charge for the year includes £15,183 in respect of Motor Vehicles under finance leases or hire
purchase contracts.
3. Trade and other receivables
2022
2023
£
£
Trade debtors
232,350
325,900
Other debtors
33,662
42,574
368,474
266,012
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
9,872
46,200
Trade creditors
46,548
58,819
Taxation and social security
112,142
106,000
Other creditors
189,800
162,637
358,362
373,656
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
25,784
36,043
Other creditors
168,363
244,241
194,147
280,284
6. Related party transactions
The company's trading premises are jointly owned by two of the directors, Mr D.Payling and Mrs.S.Payling.
The property is let to the company and in the year under review, rent of £39,000 (previous year £39,000) was
charged by Mr.D.Payling and Mrs.S.Payling.
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7
For the year ended 30 September 2023
D P Services Machine Removals Limited
Notes to the Financial Statements Continued
7. Guarantees and other financial commitments
Guarantees and contingent assets and liabilities
The company's hire purchase and lease purchase finance arrangements are secured on the plant, machinery and
commercial vehicles for which the finance was provided.
8. Average number of persons employed
During the year the average number of employees was 9 (2022 : 10)
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