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REGISTERED NUMBER: 07655104 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

DBS MANAGED SERVICES LIMITED

DBS MANAGED SERVICES LIMITED (REGISTERED NUMBER: 07655104)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBS MANAGED SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: Mr D R Blakey
Mr S P Byrne
Mr K B Sheppard





REGISTERED OFFICE: 8 Colne Way Court
Colne Way
Watford
Hertfordshire
WD24 7NE





REGISTERED NUMBER: 07655104 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

DBS MANAGED SERVICES LIMITED (REGISTERED NUMBER: 07655104)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 200 200

CURRENT ASSETS
Debtors 5 1,343,101 1,398,106
Cash at bank 46,818 94,124
1,389,919 1,492,230
CREDITORS
Amounts falling due within one
year

6

1,303,844

1,355,466
NET CURRENT ASSETS 86,075 136,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,275

136,964

CREDITORS
Amounts falling due after more
than one year

7

75,958

132,691
NET ASSETS 10,317 4,273

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 9,217 3,173
10,317 4,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DBS MANAGED SERVICES LIMITED (REGISTERED NUMBER: 07655104)

BALANCE SHEET - continued
31ST JULY 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th April 2025 and were signed on its behalf by:




Mr S P Byrne - Director



Mr D R Blakey - Director


DBS MANAGED SERVICES LIMITED (REGISTERED NUMBER: 07655104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

DBS Managed 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st August 2023
and 31st July 2024 200
NET BOOK VALUE
At 31st July 2024 200
At 31st July 2023 200

DBS MANAGED SERVICES LIMITED (REGISTERED NUMBER: 07655104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 376,416
Amounts owed by group undertakings 1,246,458 881,581
Other debtors - 7,418
1,246,458 1,265,415

Amounts falling due after more than one year:
Amounts owed by group undertakings 96,643 132,691

Aggregate amounts 1,343,101 1,398,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,099 194,554
Amounts owed to group undertakings 999,660 889,666
Social security and other taxes 20,926 8,810
VAT 40,689 24,194
Other creditors 13,217 24,391
Directors' current accounts 166,323 166,656
Accrued expenses 56,930 47,195
1,303,844 1,355,466

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 75,958 132,691

8. RELATED PARTY DISCLOSURES

The directors' current account balances included within creditors of £175,323 (2023 - £166,656) have no fixed date for repayment, are repayable on demand and are subject to 7% (2024 - 7%) interest per annum.