DPM Electrical Services Limited - Abbreviated accounts 16.3

DPM Electrical Services Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 05867921(England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

DPM ELECTRICAL SERVICES LIMITED

DPM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05867921)

Contents of the Abbreviated Accounts
for the year ended 31 July 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DPM ELECTRICAL SERVICES LIMITED

Company Information
for the year ended 31 July 2016







DIRECTOR: D P Martin





SECRETARY: Mrs G Martin





REGISTERED OFFICE: Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR





REGISTERED NUMBER: 05867921(England and Wales)





ACCOUNTANTS: Stanley Yule Chartered Accountants
Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR

DPM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05867921)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 21,269 18,609
21,269 18,609

CURRENT ASSETS
Stocks 18,380 3,700
Debtors 34,672 31,953
Cash at bank and in hand 111,466 107,613
164,518 143,266
CREDITORS
Amounts falling due within one year 73,296 61,511
NET CURRENT ASSETS 91,222 81,755
TOTAL ASSETS LESS CURRENT LIABILITIES 112,491 100,364

CREDITORS
Amounts falling due after more than one
year

(4,500

)

(1,161

)

PROVISIONS FOR LIABILITIES (4,075 ) (3,503 )
NET ASSETS 103,916 95,700

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 103,816 95,600
SHAREHOLDERS' FUNDS 103,916 95,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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.

DPM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05867921)

Abbreviated Balance Sheet - continued
31 July 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12 January 2017and were signed by:





D P Martin- Director


DPM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05867921)

Notes to the Abbreviated Accounts
for the year ended 31 July 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax arising from provision
of electrician services. Income is recognised on delivery of a service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

DPM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05867921)

Notes to the Abbreviated Accounts - continued
for the year ended 31 July 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 10,000
AMORTISATION
At 1 August 2015
and 31 July 2016 10,000
NET BOOK VALUE

At 31 July 2016 -
At 31 July 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 54,289
Additions 9,936
At 31 July 2016 64,225
DEPRECIATION
At 1 August 2015 35,680
Charge for year 7,276
At 31 July 2016 42,956
NET BOOK VALUE
At 31 July 2016 21,269
At 31 July 2015 18,609

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100