Registered number
07901842
DMS Plastering Limited
Filleted Accounts
31 January 2024
DMS Plastering Limited
Registered number: 07901842
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,745 6,206
Current assets
Debtors 4 358 1,274
Cash at bank and in hand 23,849 21,202
24,207 22,476
Creditors: amounts falling due within one year 5 (12,203) (7,201)
Net current assets 12,004 15,275
Total assets less current liabilities 15,749 21,481
Creditors: amounts falling due after more than one year 6 (11,309) (16,487)
Net assets 4,440 4,994
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,340 4,894
Shareholders' funds 4,440 4,994
The director is 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 director acknowledges his 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.
Darren Smart
Director
Approved by the board on 1 October 2024
DMS Plastering Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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.
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:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 2,175 7,350 9,525
Additions 548 - 548
Disposals (635) (1,350) (1,985)
At 31 January 2024 2,088 6,000 8,088
Depreciation
At 1 February 2023 1,126 2,193 3,319
Charge for the year 418 1,200 1,618
On disposals (301) (293) (594)
At 31 January 2024 1,243 3,100 4,343
Net book value
At 31 January 2024 845 2,900 3,745
At 31 January 2023 1,049 5,157 6,206
4 Debtors 2024 2023
£ £
Other debtors 358 1,274
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,105 4,985
Taxation and social security costs 5,635 809
Other creditors 1,463 1,407
12,203 7,201
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,309 16,487
7 Other information
DMS Plastering Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Purton Road
Swindon
Wiltshire
SN2 2LZ
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