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REGISTERED NUMBER: 09211329 (England and Wales)




















DML ELECTRICAL SERVICES LTD

Unaudited Financial Statements

for the Year Ended 30 September 2023






DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DML ELECTRICAL SERVICES LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr D Pollard





REGISTERED OFFICE: E16 (2) Croft Court Moss Ind Est
Leigh
WN7 3PT





REGISTERED NUMBER: 09211329 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)

Balance Sheet
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,082 35,181

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 108,320 108,566
Cash at bank and in hand 41,976 47,422
155,296 160,988
CREDITORS
Amounts falling due within one year 6 111,984 93,850
NET CURRENT ASSETS 43,312 67,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,394

102,319

CREDITORS
Amounts falling due after more than one
year

7

23,561

38,425
NET ASSETS 69,833 63,894

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,733 63,794
69,833 63,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

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 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.

DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)

Balance Sheet - continued
30 SEPTEMBER 2023


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 director and authorised for issue on 8 February 2024 and were signed by:





Mr D Pollard - Director


DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

DML Electrical 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% straight line
Fixtures and fittings - 15% straight line
Motor vehicles - 25% straight line

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.

DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 1,931 989 87,764 90,684
Additions 3,046 - 22,949 25,995
At 30 September 2023 4,977 989 110,713 116,679
DEPRECIATION
At 1 October 2022 1,902 797 52,804 55,503
Charge for year 483 122 10,489 11,094
At 30 September 2023 2,385 919 63,293 66,597
NET BOOK VALUE
At 30 September 2023 2,592 70 47,420 50,082
At 30 September 2022 29 192 34,960 35,181

The net book value of tangible fixed assets includes £ 11,279 (2022 - £ 16,113 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 108,320 108,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 4,867 4,461
Trade creditors 39,554 29,577
Tax 18,096 14,933
Social security and other taxes 548 8,245
VAT 25,992 24,638
Other creditors 1,212 701
Directors' current accounts 10,715 295
Accrued expenses 1,000 1,000
111,984 93,850

DML ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09211329)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,998
Bank loans - 2-5 years 6,667 16,667
Hire purchase contracts (see note 8) 6,894 11,760
23,561 38,425

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,867 4,461
Between one and five years 6,894 11,760
11,761 16,221

Non-cancellable operating leases
2023 2022
£    £   
Within one year 14,707 14,707
Between one and five years 4,880 11,387
19,587 26,094

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Pollard.