REGISTERED NUMBER: 06191965 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

15,209

18,619

CURRENT ASSETS

Stocks

5

7,346

5,968

Debtors

6

41,902

42,822

Cash at bank and in hand

83,468

108,200

132,716

156,990

CREDITORS

Amounts falling due within one year

7

43,122

54,486

NET CURRENT ASSETS

89,594

102,504

TOTAL ASSETS LESS CURRENT LIABILITIES

104,803

121,123

CREDITORS

Amounts falling due after more than one year

8

(12,538

)

(15,699

)

PROVISIONS FOR LIABILITIES

(2,890

)

(4,717

)

NET ASSETS

89,375

100,707

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

89,373

100,705

SHAREHOLDERS' FUNDS

89,375

100,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 26 November 2025 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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

-

35,800

-

35,800

Additions

528

-

1,097

1,625

At 28 February 2025

528

35,800

1,097

37,425

DEPRECIATION

At 1 March 2024

-

17,181

-

17,181

Charge for year

106

4,655

274

5,035

At 28 February 2025

106

21,836

274

22,216

NET BOOK VALUE

At 28 February 2025

422

13,964

823

15,209

At 29 February 2024

-

18,619

-

18,619

5.

STOCKS

2025

2024

£

£

Stocks

7,346

5,968

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,510

12,152

Amounts recoverable on contract

12,112

15,671

Other debtors

2,768

2,768

Directors' current accounts

20,512

12,231

41,902

42,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,754

2,280

Trade creditors

5,758

11,950

Tax

20,099

22,461

Social security and other taxes

9,978

10,159

VAT

2,609

5,074

Other creditors

14

762

Accrued expenses

1,910

1,800

43,122

54,486

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

12,538

15,699

9.	OTHER FINANCIAL COMMITMENTS

At 28 February 2025, the company had commitments under non cancellable operating leases over the remaining life of those leases of £535 (2024: £6,949).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

Mr D Machin

Balance outstanding at start of year

12,231

(2,590

)

Amounts advanced

59,042

52,557

Amounts repaid

(50,761

)

(37,736

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,512

12,231

11.	GOVERNMENT GUARANTEED LOAN

The bank loan of £15,973 (2024: £17,979) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to June 2031.