D_M_P_SYSTEMS_LIMITED - Accounts


Company Registration No. 03502345 (England and Wales)
D M P SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
PAGES FOR FILING WITH REGISTRAR
D M P SYSTEMS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
D M P SYSTEMS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2017
28 February 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
145
522
Current assets
Debtors
4
15,996
26,675
Cash at bank and in hand
6,181
48
22,177
26,723
Creditors: amounts falling due within one year
5
(22,245)
(27,005)
Net current liabilities
(68)
(282)
Total assets less current liabilities
77
240
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
75
238
Total equity
77
240

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 21 November 2017
Mr D M Preece
Director
Company Registration No. 03502345
D M P SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 2 -
1
Accounting policies
Company information

D M P Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Easter House, Great Bavington, Newcastle upon Tyne, NE19 2BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line
Computer equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).

D M P SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2016 and 28 February 2017
9,779
Depreciation and impairment
At 1 March 2016
9,257
Depreciation charged in the year
377
At 28 February 2017
9,634
Carrying amount
At 28 February 2017
145
At 29 February 2016
522
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
9,599
25,103
Other debtors
6,397
1,572
15,996
26,675
5
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
14,927
13,888
Other taxation and social security
5,650
8,617
Other creditors
-
2,580
Accruals and deferred income
1,668
1,920
22,245
27,005
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary of £1 each
2
2
2017-02-282016-03-01falseCCH SoftwareCCH Accounts Production 2017.300No description of principal activity21 November 20172017-11-21Mr D M Preece035023452016-03-012017-02-28035023452017-02-28035023452016-02-2903502345core:OtherPropertyPlantEquipment2017-02-2803502345core:OtherPropertyPlantEquipment2016-02-2903502345core:CurrentFinancialInstruments2017-02-2803502345core:CurrentFinancialInstruments2016-02-2903502345core:ShareCapital2017-02-2803502345core:ShareCapital2016-02-2903502345core:RetainedEarningsAccumulatedLosses2017-02-2803502345core:RetainedEarningsAccumulatedLosses2016-02-2903502345bus:Director12016-03-012017-02-2803502345core:FurnitureFittings2016-03-012017-02-2803502345core:ComputerEquipment2016-03-012017-02-2803502345core:OtherPropertyPlantEquipment2016-02-2903502345core:OtherPropertyPlantEquipment2016-03-012017-02-2803502345bus:PrivateLimitedCompanyLtd2016-03-012017-02-2803502345bus:FRS1022016-03-012017-02-2803502345bus:AuditExemptWithAccountantsReport2016-03-012017-02-2803502345bus:SmallCompaniesRegimeForAccounts2016-03-012017-02-2803502345bus:FullAccounts2016-03-012017-02-28xbrli:purexbrli:sharesiso4217:GBP