ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2016.0.208 2016.0.208 2018-01-312018-01-31No description of principal activityfalse2017-01-23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse SC555715 2017-01-22 SC555715 2017-01-23 2018-01-31 SC555715 2018-01-31 SC555715 c:Director1 2017-01-23 2018-01-31 SC555715 c:Director1 2018-01-31 SC555715 c:RegisteredOffice 2017-01-23 2018-01-31 SC555715 d:CurrentFinancialInstruments 2018-01-31 SC555715 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 SC555715 d:ShareCapital 2018-01-31 SC555715 d:RetainedEarningsAccumulatedLosses 2018-01-31 SC555715 c:OrdinaryShareClass1 2017-01-23 2018-01-31 SC555715 c:OrdinaryShareClass1 2018-01-31 SC555715 c:FRS102 2017-01-23 2018-01-31 SC555715 c:AuditExempt-NoAccountantsReport 2017-01-23 2018-01-31 SC555715 c:FullAccounts 2017-01-23 2018-01-31 SC555715 c:PrivateLimitedCompanyLtd 2017-01-23 2018-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC555715

DMPM LIMITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2018

DMPM LIMITED

COMPANY INFORMATION

Director	Donald Mills (appointed 26 January 2017)


Registered number	SC555715


Registered office	21 Bell Street
	Tayport
	Fife
	DD6 9AP


Accountants	EQ Accountants LLP
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

DMPM LIMITED

REGISTERED NUMBER: SC555715

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2018

		2018
		£


Current assets
Debtors: amounts falling due within one year	4	24,715
Cash at bank and in hand		70,019
		94,734
Creditors: amounts falling due within one year	5	(68,372)
Net current assets			26,362
Total assets less current liabilities			26,362

Net assets			26,362

Capital and reserves
Called up share capital			100
Profit and loss account			26,262
			26,362

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2018.

Donald Mills

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

DMPM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2018

1.	General information

DMPM Limited is a private company, limited by shares, domiciled in Scotland with registration number SC555715. The registered office is 14 City Quay, Camperdown Street, Dundee, United Kingdom, DD1 3JA. The company's business address is 21 Bell Street, Tayport, DD6 9AP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover, generated from the provision of management services, is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 2

DMPM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2018

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

DMPM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2018

Employees

The average monthly number of employees, including directors, during the period was 1.

Debtors

					2018
					£


	Other debtors	24,715
		24,715

5.	Creditors: Amounts falling due within one year
		2018
		£

	Other taxation and social security	27,796
	Other creditors	40,576
		68,372

6.	Share capital
		2018
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1 each	100

100 Ordinary £1 shares were issued at par on incorporation of the company.

Page 4