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REGISTERED NUMBER: 02905807 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Design & Management Air Conditioning
& Mechanical Services Limited

Design & Management Air Conditioning
& Mechanical Services Limited (Registered number: 02905807)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Design & Management Air Conditioning
& Mechanical Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C Jones





SECRETARY: Ms T L Vickery





REGISTERED OFFICE: Contract House
202 North Cray Road
Sidcup
Kent
DA14 5EH





REGISTERED NUMBER: 02905807 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Design & Management Air Conditioning
& Mechanical Services Limited (Registered number: 02905807)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,477 4,637

CURRENT ASSETS
Stocks 64,306 67,685
Debtors 6 706,424 671,885
Cash at bank and in hand 2,815 11,260
773,545 750,830
CREDITORS
Amounts falling due within one
year

7

684,989

551,795
NET CURRENT ASSETS 88,556 199,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,033

203,672

CREDITORS
Amounts falling due after more
than one year

8

71,250

116,250
NET ASSETS 19,783 87,422

CAPITAL AND RESERVES
Called up share capital 10 150,718 150,718
Retained earnings 11 (130,935 ) (63,296 )
SHAREHOLDERS' FUNDS 19,783 87,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





C Jones - Director


Design & Management Air Conditioning
& Mechanical Services Limited (Registered number: 02905807)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Design & Management Air Conditioning & Mechanical Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, the Directors have reviewed all relevant matters including those referred to in note 15 and consider this basis to be appropriate.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Design & Management Air Conditioning
& Mechanical Services Limited (Registered number: 02905807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 3,170 8,621 12,851 30,791 55,433
Disposals - - (12,851 ) - (12,851 )
At 31 October 2023 3,170 8,621 - 30,791 42,582
DEPRECIATION
At 1 November 2022 3,170 8,080 11,620 27,926 50,796
Charge for year - 136 - 793 929
Eliminated on disposal - - (11,620 ) - (11,620 )
At 31 October 2023 3,170 8,216 - 28,719 40,105
NET BOOK VALUE
At 31 October 2023 - 405 - 2,072 2,477
At 31 October 2022 - 541 1,231 2,865 4,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 550,813 486,751
Other debtors 155,611 185,134
706,424 671,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 45,000 45,000
Trade creditors 352,314 247,504
Taxation and social security 282,729 160,792
Other creditors 4,946 98,499
684,989 551,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 71,250 116,250

Design & Management Air Conditioning
& Mechanical Services Limited (Registered number: 02905807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year - 3,716
Between one and five years - 1,549
- 5,265

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
150,718 Ordinary £1 150,718 150,718

11. RESERVES
Retained
earnings
£   

At 1 November 2022 (63,296 )
Deficit for the year (67,639 )
At 31 October 2023 (130,935 )

12. ULTIMATE CONTROLLING PARTY

Subsequent to the year end the Director Mr Craig Jones became the ultimate controlling party.