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REGISTERED NUMBER: 14468490 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

DMS UTILITIES LIMITED

DMS UTILITIES LIMITED (REGISTERED NUMBER: 14468490)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DMS UTILITIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTOR: D C Madden





REGISTERED OFFICE: The Galleries
Charters Road
Sunningdale
Ascot
Berkshire
SL5 9QJ





REGISTERED NUMBER: 14468490 (England and Wales)





ACCOUNTANTS: Davis Burton Sellek
Chartered Accountants
The Galleries
Charters Road
Sunningdale
Berkshire
SL5 9QJ

DMS UTILITIES LIMITED (REGISTERED NUMBER: 14468490)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 1,936

CURRENT ASSETS
Debtors 6 31,003
Cash at bank 2,292
33,295
CREDITORS
Amounts falling due within one year 7 14,704
NET CURRENT ASSETS 18,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,527

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 20,427
20,527

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 2 August 2024 and were signed by:





D C Madden - Director


DMS UTILITIES LIMITED (REGISTERED NUMBER: 14468490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

DMS Utilities 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.

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.

Going concern
The financial statements have been prepared on the going concern basis and the director confirms his belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition
Revenue represents net invoiced sales of goods and services, excluding value added tax. It is valued at the price of goods plus a percentage mark up and is recognised when the invoice is raised, which is on completion of the work.

Tangible fixed assets
The carrying value of tangible fixed assets is reviewed for impairment in periods when events or changes in circumstances indicate the carrying values may not be recoverable.

Equity instruments
Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

DMS UTILITIES LIMITED (REGISTERED NUMBER: 14468490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the period 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 period 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.

DMS UTILITIES LIMITED (REGISTERED NUMBER: 14468490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 NOVEMBER 2022 TO 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,420
At 31 December 2023 2,420
DEPRECIATION
Charge for period 484
At 31 December 2023 484
NET BOOK VALUE
At 31 December 2023 1,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 30,590
Other debtors 413
31,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,099
Taxation and social security 6,955
Other creditors 2,650
14,704