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Company registration number: 07912350
DCMD Electrics Limited
Unaudited filleted financial statements
31 January 2025
DCMD Electrics Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
DCMD Electrics Limited
Directors and other information
Directors DCM Dell
LD Dell
Company number 07912350
Registered office 129 Westbury Lane
Newport Pagnell
Buckinghamshire
MK16 8SA
Accountants Simpson Accountants Limied
5 Border Lane
Buckingham
MK18 7SE
DCMD Electrics Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of DCMD Electrics Limited
Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DCMD Electrics Limited for the year ended 31 January 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of DCMD Electrics Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of DCMD Electrics Limited and state those matters that we have agreed to state to the board of directors of DCMD Electrics Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DCMD Electrics Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that DCMD Electrics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DCMD Electrics Limited. You consider that DCMD Electrics Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of DCMD Electrics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simpson Accountants Limied
Chartered Accountants
5 Border Lane
Buckingham
MK18 7SE
17 February 2025
DCMD Electrics Limited
Statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1,291 1,877
_______ _______
1,291 1,877
Current assets
Stocks 250 250
Debtors 6 6,618 10,733
Cash at bank and in hand 125,032 112,311
_______ _______
131,900 123,294
Creditors: amounts falling due
within one year 7 ( 7,418) ( 7,229)
_______ _______
Net current assets 124,482 116,065
_______ _______
Total assets less current liabilities 125,773 117,942
_______ _______
Net assets 125,773 117,942
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account 125,769 117,938
_______ _______
Shareholders funds 125,773 117,942
_______ _______
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
DCM Dell
Director
Company registration number: 07912350
DCMD Electrics Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 129 Westbury Lane, Newport Pagnell, Buckinghamshire, MK16 8SA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2024 19,723 32,000 51,723
Additions 120 - 120
_______ _______ _______
At 31 January 2025 19,843 32,000 51,843
_______ _______ _______
Depreciation
At 1 February 2024 17,846 32,000 49,846
Charge for the year 706 - 706
_______ _______ _______
At 31 January 2025 18,552 32,000 50,552
_______ _______ _______
Carrying amount
At 31 January 2025 1,291 - 1,291
_______ _______ _______
At 31 January 2024 1,877 - 1,877
_______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 3,150 7,356
Other debtors 3,468 3,377
_______ _______
6,618 10,733
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Social security and other taxes 2,069 2,186
Other creditors 5,349 5,043
_______ _______
7,418 7,229
_______ _______
8. Controlling party
The company is controlled by DCM Dell and LD Dell , directors and shareholders of the company.