REGISTERED NUMBER: 06191965 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

D M ELECTRICAL SERVICES (TORBAY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Machin

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

06191965 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC

4 Strand

Torquay

Devon

TQ1 2AB

FIXED ASSETS

Tangible assets

4

11,359

15,209

CURRENT ASSETS

Stocks

5

5,000

7,346

Debtors

6

66,264

41,902

Cash at bank

232,029

83,468

303,293

132,716

CREDITORS

Amounts falling due within one year

7

89,586

43,122

NET CURRENT ASSETS

213,707

89,594

TOTAL ASSETS LESS CURRENT LIABILITIES

225,066

104,803

CREDITORS

Amounts falling due after more than one year

8

(9,784

)

(12,538

)

PROVISIONS FOR LIABILITIES

(2,840

)

(2,890

)

NET ASSETS

212,442

89,375

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

212,440

89,373

SHAREHOLDERS' FUNDS

212,442

89,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 July 2026 and were signed by:

Mr D Machin - Director

1.	STATUTORY INFORMATION

D M Electrical Services (Torbay) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

and 28 February 2026

528

35,800

1,097

37,425

DEPRECIATION

At 1 March 2025

106

21,836

274

22,216

Charge for year

85

3,491

274

3,850

At 28 February 2026

191

25,327

548

26,066

NET BOOK VALUE

At 28 February 2026

337

10,473

549

11,359

At 28 February 2025

422

13,964

823

15,209

5.

STOCKS

2026

2025

£

£

Stocks

5,000

7,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

21,131

6,510

Amounts recoverable on contract

21,786

12,112

Other debtors

-

2,768

Directors' current accounts

23,347

20,512

66,264

41,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,754

2,754

Trade creditors

10,240

5,758

Tax

58,248

20,099

Social security and other taxes

3,310

9,978

VAT

12,491

2,609

Other creditors

513

14

Accrued expenses

2,030

1,910

89,586

43,122

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

9,784

12,538

9.	OTHER FINANCIAL COMMITMENTS

At 28 February 2026, the company had commitments under non cancellable operating leases over the remaining life of those leases of £18,710 (2025: £535).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mr D Machin

Balance outstanding at start of year

20,512

12,231

Amounts advanced

63,849

59,042

Amounts repaid

(61,014

)

(50,761

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,347

20,512

Loans are unsecured, interest free and repayable on demand.

11.	GOVERNMENT GUARANTEED LOAN

The bank loan of £12,538 (2025: £15,973) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to June 2031.