DRS Heating Limited,Ltd - AccountsLtd - Accounts

DRS Heating Limited,Ltd - AccountsLtd - Accounts

DRS HEATING LIMITED - Company Information

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2017-06-01 09026082 2018-05-31 09026082 2017-06-01 2018-05-31 09026082 2017-05-31 09026082 2016-06-01 2017-05-31 09026082 uk-core:WithinOneYear 2017-05-31 09026082 uk-core:WithinOneYear 2018-05-31 09026082 uk-core:AfterOneYear 2017-05-31 09026082 uk-core:AfterOneYear 2018-05-31 09026082 uk-core:ShareCapital 2018-05-31 09026082 uk-core:ShareCapital 2017-05-31 09026082 uk-core:RetainedEarningsAccumulatedLosses 2018-05-31 09026082 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 09026082 uk-bus:Director1 2017-06-01 2018-05-31 09026082 uk-core:PlantMachinery 2017-06-01 2018-05-31 09026082 uk-core:ComputerEquipment 2017-06-01 2018-05-31 09026082 uk-core:CommercialMotorVehicles 2017-06-01 2018-05-31 09026082 uk-core:ComputerEquipment 2017-05-31 09026082 uk-core:CommercialMotorVehicles 2017-05-31 09026082 uk-core:PlantMachinery 2017-05-31 09026082 uk-core:PlantMachinery 2018-05-31 09026082 uk-core:CommercialMotorVehicles 2018-05-31 09026082 uk-core:ComputerEquipment 2018-05-31 09026082 1 uk-bus:Director1 2017-06-01 2018-05-31 09026082 1 uk-bus:Director1 2018-05-31 09026082 1 uk-bus:Director1 2017-05-31 iso4217:GBP 09026082 uk-bus:AuditExempt-NoAccountantsReport 2017-06-01 2018-05-31 09026082 uk-bus:FRS102 2017-06-01 2018-05-31 09026082 uk-bus:FullAccounts 2017-06-01 2018-05-31 09026082 uk-bus:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31
DRS Heating Limited
Registered Number:09026082
For the year ended 31 May 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2018
DRS Heating Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 May 2018
DRS Heating Limited
Statement of Financial Position
Registered Number :
09026082
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
7,917
10,132
2
7,917
10,132
Current assets
Inventories
300
300
3
Trade and other receivables
11,581
937
4
3,887
Cash and cash equivalents
20,118
21,355
15,768
Trade and other payables: amounts falling due within one
year
(12,851)
(12,534)
5
2,917
8,821
Net current assets
Total assets less current liabilities
16,738
13,049
Trade and other payables: amounts falling due after more
than one year
(10,948)
(7,137)
6
(1,600)
(2,026)
Provisions for liabilities
8,001
Net assets
75
Capital and reserves
Called up share capital
10
10
Retained earnings
7,991
65
8,001
75
Shareholders' funds
For the year ended 31 May 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Dean Stone Director
These financial statements were approved and authorised for issue by the Board on 26 February 2018 and were signed by:
1 of 5
4
For the year ended 31 May 2018
DRS Heating Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 May 2018
DRS Heating Limited
Notes to the Financial Statements
Statutory Information
DRS Heating Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09026082.
Registered address:
Harts House, Gloucester Road
Almondsbury
Bristol
BS32 4JB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
6
For the year ended 31 May 2018
DRS Heating Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 June 2017
18,156
829
15,897
1,430
261
-
-
261
Additions
At 31 May 2018
1,691
15,897
829
18,417
Provision for depreciation and impairment
At 01 June 2017
8,024
580
6,955
489
Charge for year
2,476
82
2,236
158
At 31 May 2018
10,500
662
9,191
647
At 31 May 2018
Net book value
1,044
6,706
167
7,917
At 31 May 2017
941
8,942
249
10,132
3. Inventories
2017
2018
£
£
Stocks
300
300
4. Trade and other receivables
2017
2018
£
£
Trade debtors
365
5,802
Other debtors
572
5,779
11,581
937
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
(1)
1
Taxation and social security
6,179
4,573
Other creditors
6,356
8,277
12,534
12,851
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7
For the year ended 31 May 2018
DRS Heating Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
7,137
10,948
7. Related party transactions
The company is controlled by Mr Dean Stone who owns 100% of the issued share capital.
During the year, the director received contributions to office and storage costs of £260 (2017: £260). This amount is
included in the director's current account.
8. Directors advances and guarantees
At 01/06/2017
At 31/05/2018
£
£
Mr Dean Stone
Director's current account
-
4,279
-
4,279
5 of 5