DML Mechtech Limited - Accounts to registrar (filleted) - small 18.2

DML MECHTECH LIMITED

Unaudited Financial Statements

for the Period 29th September 2016 to 30th September 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D M Lowry

REGISTERED OFFICE:

166a Rainhill Road

Rainhill

Prescot

Merseyside

L35 4PJ

REGISTERED NUMBER:

10401336 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,750

CURRENT ASSETS

Cash at bank

3,481

CREDITORS

Amounts falling due within one year

5

6,834

NET CURRENT LIABILITIES

(3,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

397

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

6

396

397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2017 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 31st August 2018 and were signed by:

D M Lowry - Director

1.	STATUTORY INFORMATION

DML Mechtech 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates.

The areas in the financial statements where these judgements and estimates have been made include:

The useful lives of plant and equipment which are estimated based on the period over which the assets are

expected to be available for use. The estimated useful lives are reviewed periodically and are updated if

expectations differ from previous estimates due to physical wear and tear, technical or commercial

obsolescence and legal or other limits on the use of the relevant assets.

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 etc

-

25% on reducing balance

Financial instruments

Debtors, creditors and directors loan (being repayable on demand) are measured at the undiscounted amount

of cash or other consideration expected to be paid or received.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

5,000

At 30th September 2017

5,000

DEPRECIATION

Charge for period

1,250

At 30th September 2017

1,250

NET BOOK VALUE

At 30th September 2017

3,750

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

5,424

Other creditors

1,410

6,834

6.

RESERVES

Retained

earnings

£

Profit for the period

26,146

Dividends

(25,750

)

At 30th September 2017

396

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £25,750 were paid to the director .

Included in creditors, is an amount of £410 owing to the director.