DEAM Offshore Construction Srv Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09062875 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

DEAM Offshore Construction Services

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D E A Matthews

SECRETARY:

Mrs J L Matthews

REGISTERED OFFICE:

Foxhole Cottage

Dunsford

Exeter

Devon

EX6 7AA

REGISTERED NUMBER:

09062875 (England and Wales)

ACCOUNTANTS:

SPi Accountancy LLP

Unit 10 Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

FIXED ASSETS

Tangible assets

4

5,936

6,539

CURRENT ASSETS

Debtors

5

8,240

100

Cash at bank

26,942

32,859

35,182

32,959

CREDITORS

Amounts falling due within one year

6

22,934

23,804

NET CURRENT ASSETS

12,248

9,155

TOTAL ASSETS LESS CURRENT LIABILITIES

18,184

15,694

PROVISIONS FOR LIABILITIES

7

1,127

1,242

NET ASSETS

17,057

14,452

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,957

14,352

SHAREHOLDERS' FUNDS

17,057

14,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 September 2018 and were signed by:

Mr D E A Matthews - Director

1.	STATUTORY INFORMATION

DEAM Offshore Construction Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2017

15,500

-

15,500

Additions

-

1,547

1,547

At 31 May 2018

15,500

1,547

17,047

DEPRECIATION

At 1 June 2017

8,961

-

8,961

Charge for year

1,635

515

2,150

At 31 May 2018

10,596

515

11,111

NET BOOK VALUE

At 31 May 2018

4,904

1,032

5,936

At 31 May 2017

6,539

-

6,539

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

8,140

-

Other debtors

100

100

8,240

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

(12

)

-

Taxation and social security

22,622

19,194

Other creditors

324

4,610

22,934

23,804

7.	PROVISIONS FOR LIABILITIES

31.5.18

31.5.17

£

£

Deferred tax

1,127

1,242

Deferred

tax

£

Balance at 1 June 2017

1,242

Deferred Tax

(115

)

Balance at 31 May 2018

1,127

8.	RELATED PARTY DISCLOSURES

During the year dividends totalling £50,062 ( 2017 - £38,103 ) were paid to the director and dividends totalling

£18,344 ( 2017 - £12,032 ) were paid to Mrs J L Matthews.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D E A Matthews.