Registered number
06759392
Doug's Maintenance Services Limited
Filleted Accounts
31 December 2023
Doug's Maintenance Services Limited
Registered number: 06759392
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 131,568 97,815
Current assets
Stocks 191,672 119,695
Debtors 5 621,409 522,873
Cash at bank and in hand 387,779 229,198
1,200,860 871,766
Creditors: amounts falling due within one year 6 (579,146) (309,975)
Net current assets 621,714 561,791
Total assets less current liabilities 753,282 659,606
Creditors: amounts falling due after more than one year 7 (15,833) (26,042)
Provisions for liabilities (20,469) (16,456)
Net assets 716,980 617,108
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 715,980 616,108
Shareholders' funds 716,980 617,108
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fiona Senior
Director
Approved by the board on 8 March 2024
Doug's Maintenance Services Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Freehold buildings No Depreciation
Motor Vehicles 25% straight line
Plant and machinery 20% straight line
Office Equipment 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 43 43
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 50,000
At 31 December 2023 50,000
Amortisation
At 1 January 2023 50,000
At 31 December 2023 50,000
Net book value
At 31 December 2023 -
Goodwill has been fully amortised
4 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 - 108,187 199,380 307,567
Additions 32,038 11,314 33,615 76,967
Disposals - - (7,000) (7,000)
At 31 December 2023 32,038 119,501 225,995 377,534
Depreciation
At 1 January 2023 - 78,072 131,680 209,752
Charge for the year - 12,654 23,560 36,214
At 31 December 2023 - 90,726 155,240 245,966
Net book value
At 31 December 2023 32,038 28,775 70,755 131,568
At 31 December 2022 - 30,115 67,700 97,815
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Fiona Senior
Director's Loan Account 1,005 12,926 (5,350) 8,581
Douglas Senior
Director's Loan Account 6,627 11,659 (9,000) 9,286
7,632 24,585 (14,350) 17,867
The loan is unsecured, interest-free and repayable on the Company's demand.
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