Deco Mechanical Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 09721300

		31 March 2017		Period to 31 March 2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		322		13,479

			322		13,479
CURRENT ASSETS
Debtors	8	17,497		4,412
Cash at bank and in hand		436		640

		17,933		5,052
Creditors: Amounts Falling Due Within One Year	9	(7,782 )		(3,517 )

NET CURRENT ASSETS (LIABILITIES)			10,151		1,535

TOTAL ASSETS LESS CURRENT LIABILITIES			10,473		15,014

Creditors: Amounts Falling Due After More Than One Year	10		(10,285 )		(13,176 )

NET ASSETS			188		1,838

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and loss account			88		1,738

SHAREHOLDERS' FUNDS			188		1,838

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Nicholas Dixon

17/05/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
Profit for the period and total comprehensive income	-	10,738	10,738

Dividends paid	-	(9,000)	(9,000)
Arising on shares issued during the period	100	-	100

As at 31 March 2016 and 1 April 2016	100	1,738	1,838


Profit for the year and total comprehensive income	-	8,350	8,350

Dividends paid	-	(10,000)	(10,000)

As at 31 March 2017	100	88	188

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line basis
Motor Vehicles	25% straight line basis

1.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 March 2017	Period to 31 March 2016
	£	£
Wages and salaries	9,300	-

	9,300	-

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	31 March 2017	Period to 31 March 2016
Office and administration	1	-

	1	-

Page 4

Deco Mechanical Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Interest Payable

	31 March 2017	Period to 31 March 2016
	£	£
Finance charges payable under finance leases and hire purchase contracts	2,254	833

	2,254	833

7. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2016	536	17,400	17,936
Disposals	-	(17,400 )	(17,400 )

As at 31 March 2017	536	-	536

Depreciation
As at 1 April 2016	107	4,350	4,457
Provided during the period	107	-	107
Disposals	-	(4,350 )	(4,350 )

As at 31 March 2017	214	-	214

Net Book Value
As at 31 March 2017	322	-	322

As at 1 April 2016	429	13,050	13,479

8. Debtors

	31 March 2017	Period to 31 March 2016
	£	£
Due within one year
Other debtors	9,768	4,412
Director's loan account	7,729	-

	17,497	4,412

Page 5

Deco Mechanical Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

9. Creditors: Amounts Falling Due Within One Year

	31 March 2017	Period to 31 March 2016
	£	£
Net obligations under finance lease and hire purchase contracts	2,891	2,479
Corporation tax	4,758	-
Other taxes and social security	133	-
Accruals and deferred income	-	115
Director's loan account	-	923

	7,782	3,517

10. Creditors: Amounts Falling Due After More Than One Year

	31 March 2017	Period to 31 March 2016
	£	£
Net obligations under finance lease and hire purchase contracts	10,285	13,176

11. Obligations Under Finance Leases and Hire Purchase

	31 March 2017	Period to 31 March 2016
	£	£
The maturity of these amounts is as follows:
Amounts Payable:
Within one year	2,891	2,479
Between one and five years	10,285	13,176

	13,176	15,655

	13,176	15,655

12. Share Capital

	Value	Number	31 March 2017	Period to 31 March 2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

Page 6

Deco Mechanical Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

13. Other Commitments

At the end of the period the company had minimum lease payments under non-cancellable leases as follows:

	Other
	31 March 2017	Period to 31 March 2016
	£	£
Leases due to expire
Between 1 and 5 years	10,285	-

	10,285	-

14. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 April 2016	Amounts advanced	Amounts repaid	As at 31 March 2017
	£	£	£	£
Mr Nicholas Dixon	(923 )	35,651	26,999	7,729

The above loan is unsecured, interest free and repayable on demand.

15. Dividends

	31 March 2017	Period to 31 March 2016
	£	£
On equity shares:
Final dividend paid	10,000	9,000

	10,000	9,000

16. General Information

Deco Mechanical Limited Registered number 09721300 is a limited by shares company incorporated in England & Wales. The Registered Office is RIFT House, 200 Eureka Park, Ashford, Kent, TN25 4AZ.