DPW Electrical Services Ltd


Acorah Software Products - Accounts Production 12.4.002 false 1 January 2021 31 December 2021 31 December 2021 12376560 Mr Daniel Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12376560 2020-12-31 12376560 2021-12-31 12376560 2021-01-01 2021-12-31 12376560 frs-core:CurrentFinancialInstruments 2021-12-31 12376560 frs-core:CurrentFinancialInstruments 2021-01-01 2021-12-31 12376560 frs-core:Non-currentFinancialInstruments 2021-12-31 12376560 frs-core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 12376560 frs-core:CurrentFinancialInstruments 2021-01-01 2021-12-31 12376560 frs-core:CurrentFinancialInstruments 2021-12-31 12376560 frs-core:AfterOneYear 2021-01-01 2021-12-31 12376560 frs-core:BetweenOneFiveYears 2021-01-01 2021-12-31 12376560 frs-core:BetweenOneFiveYears 2021-12-31 12376560 frs-core:ComputerEquipment 2021-12-31 12376560 frs-core:ComputerEquipment 2021-01-01 2021-12-31 12376560 frs-core:ComputerEquipment 2020-12-31 12376560 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Registered number: 12376560
DPW Electrical Services Ltd
Financial Statements
For The Year Ended 31 December 2021
Apple Accountancy Services Limited

Chartered Certified Accountants

146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of DPW Electrical Services Ltd For The Year Ended 31 December 2021
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of DPW Electrical Services Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of DPW Electrical Services Ltd , as a body, in accordance with the terms of our engagement letter dated 24 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of DPW Electrical Services Ltd and state those matters that we have agreed to state to the director of DPW Electrical Services Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPW Electrical Services Ltd and its director as a body for our work or for this report.
It is your duty to ensure that DPW Electrical Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of DPW Electrical Services Ltd . You consider that DPW Electrical Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DPW Electrical Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
15th August 2022
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Page 1
Page 2
Balance Sheet
Registered number: 12376560
31 December 2021 31 December 2020
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,225 6,337
4,225 6,337
CURRENT ASSETS
Debtors 4,772 1,799
Cash at bank and in hand 15,132 6,959
19,904 8,758
Creditors: Amounts Falling Due Within One Year (17,022 ) (15,078 )
NET CURRENT ASSETS (LIABILITIES) 2,882 (6,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,107 17
Creditors: Amounts Falling Due After More Than One Year (6,967 ) -
NET ASSETS 140 17
CAPITAL AND RESERVES
Called up share capital 11 10
Profit and Loss Account 129 7
SHAREHOLDERS' FUNDS 140 17
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For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Williams
Director
15th August 2022
The notes on pages 4 to 5 form part of these financial statements.
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Notes to the Financial Statements
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 25% Straight line
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
1 1
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3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2021 8,450
As at 31 December 2021 8,450
Depreciation
As at 1 January 2021 2,113
Provided during the period 2,112
As at 31 December 2021 4,225
Net Book Value
As at 31 December 2021 4,225
As at 1 January 2021 6,337
4. General Information
DPW Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12376560 . The registered office is 146 Manor Way, Borehamwood, Hertfordshire, WD6 1QX.
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