Registered number
08597730
DPS Plastering Ltd
Unaudited Filleted Accounts
31 March 2025
DPS Plastering Ltd
Registered number: 08597730
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 1,000
Tangible assets 4 2,543 2,880
2,543 3,880
Current assets
Debtors 5 30,206 29,820
Cash at bank and in hand 446 2,790
30,652 32,610
Creditors: amounts falling due within one year 6 (14,616) (14,976)
Net current assets 16,036 17,634
Total assets less current liabilities 18,579 21,514
Creditors: amounts falling due after more than one year 7 - (3,900)
Net assets 18,579 17,614
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,479 17,514
Shareholder's funds 18,579 17,614
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 member has 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.
0
Director
Approved by the board on 13 May 2025
DPS Plastering Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 10,000
At 31 March 2025 10,000
Amortisation
At 1 April 2024 9,000
Provided during the year 1,000
At 31 March 2025 10,000
Net book value
At 31 March 2025 -
At 31 March 2024 1,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 1,398 12,140 13,538
Additions 366 - 366
At 31 March 2025 1,764 12,140 13,904
Depreciation
At 1 April 2024 140 10,518 10,658
Charge for the year 298 405 703
At 31 March 2025 438 10,923 11,361
Net book value
At 31 March 2025 1,326 1,217 2,543
At 31 March 2024 1,258 1,622 2,880
5 Debtors 2025 2024
£ £
Trade debtors 2,400 2,104
Other debtors 27,806 27,716
30,206 29,820
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,225 4,975
Taxation and social security costs 9,337 8,530
Other creditors 1,054 1,471
14,616 14,976
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 3,900
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Stelfox
Loan 1 13,973 55,096 (55,610) 13,459
13,973 55,096 (55,610) 13,459
9 Other information
DPS Plastering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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