Abbreviated Company Accounts - DMS FLOW MEASUREMENT AND CONTROLS LIMITED

DMS FLOW MEASUREMENT AND CONTROLS LIMITED - Company Information

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Registered Number 03978520

DMS FLOW MEASUREMENT AND CONTROLS LIMITED

Abbreviated Accounts

31 March 2016

DMS FLOW MEASUREMENT AND CONTROLS LIMITED Registered Number 03978520

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/06/2015
		£	£
Fixed assets
Tangible assets	2	46,140	539,881
		46,140	539,881
Current assets
Stocks		79,579	148,311
Debtors		1,501,426	784,617
Cash at bank and in hand		59,904	28,365
		1,640,909	961,293
Creditors: amounts falling due within one year	3	(1,114,018)	(1,092,073)
Net current assets (liabilities)		526,891	(130,780)
Total assets less current liabilities		573,031	409,101
Provisions for liabilities		(2,088)	(4,611)
Total net assets (liabilities)		570,943	404,490
Capital and reserves
Called up share capital	4	121	101
Profit and loss account		570,822	404,389
Shareholders' funds		570,943	404,490

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
S Case, Director

DMS FLOW MEASUREMENT AND CONTROLS LIMITED Registered Number 03978520

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Plant & Machinery - 25% reducing balance basis
Office equipment - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 July 2015	616,422
Additions	-
Disposals	(500,000)
Revaluations	-
Transfers	-
At 31 March 2016	116,422
Depreciation
At 1 July 2015	76,541
Charge for the year	11,241
On disposals	(17,500)
At 31 March 2016	70,282
Net book values
At 31 March 2016	46,140
At 30 June 2015	539,881

3Creditors

	31/03/2016 £	30/06/2015 £
Secured Debts	239,908	379,768

4Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2016 £	30/06/2015 £
1 B Ordinary share of £1 each	1	1
10 C Ordinary shares of £1 each (0 shares for 30/06/2015)	10	0
10 D Ordinary shares of £1 each (0 shares for 30/06/2015)	10	0
100 Ordinary shares of £1 each	100	100