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Registration number: 03351978

Data Mechanical & Building Services Ltd

Annual Report and Financial Statements

for the Year Ended 31 March 2024

 

Data Mechanical & Building Services Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Data Mechanical & Building Services Ltd

Company Information

Director

Mr David Bareham

Registered office

12 Woodbridge Close
Chellaston
Derby
Derbyshire
DE73 5QW

Accountants

The TAX Partnership
2 Cheapside
Derby
Derbyshire
DE1 1BR

 

Data Mechanical & Building Services Ltd

(Registration number: 03351978)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,640

6,187

Current assets

 

Debtors

5

18,383

15,551

Cash at bank and in hand

 

32,987

25,529

 

51,370

41,080

Creditors: Amounts falling due within one year

6

(27,517)

(21,326)

Net current assets

 

23,853

19,754

Total assets less current liabilities

 

28,493

25,941

Creditors: Amounts falling due after more than one year

6

-

(9,667)

Provisions for liabilities

(881)

(1,175)

Net assets

 

27,612

15,099

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

27,512

14,999

Shareholders' funds

 

27,612

15,099

 

Data Mechanical & Building Services Ltd

(Registration number: 03351978)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2024
 

.........................................
Mr David Bareham
Director

 

Data Mechanical & Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Woodbridge Close
Chellaston
Derby
Derbyshire
DE73 5QW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Data Mechanical & Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Data Mechanical & Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

2,724

14,529

1,537

18,790

At 31 March 2024

2,724

14,529

1,537

18,790

Depreciation

At 1 April 2023

2,671

8,399

1,533

12,603

Charge for the year

13

1,533

1

1,547

At 31 March 2024

2,684

9,932

1,534

14,150

Carrying amount

At 31 March 2024

40

4,597

3

4,640

At 31 March 2023

53

6,130

4

6,187

5

debtors

Current

2024
£

2023
£

Trade debtors

5,304

3,680

Other debtors

13,079

11,871

 

18,383

15,551

 

Data Mechanical & Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

9,000

3,333

Trade creditors

 

2,344

2,711

Taxation and social security

 

8,232

7,252

Accruals and deferred income

 

655

726

Other creditors

 

7,286

7,304

 

27,517

21,326

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

9,667

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Data Mechanical & Building Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

9,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,000

3,333