D M W Environmental Safety Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03576012 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2014

for

D M W Environmental Safety Ltd

Page

Company Information

1

Chartered Accountant's Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

W J Williams

G Williams

N Williams

REGISTERED OFFICE:

Unit 4 Calibre Industrial Park

Four Ashes

Wolverhampton

West Midlands

WV10 7DZ

REGISTERED NUMBER:

03576012 (England and Wales)

ACCOUNTANT:

K L Whitehouse Associates Ltd

Chartered Management Accountants

23 Pilkington Avenue

Sutton Coldfield

West Midlands

B72 1LA

SOLICITORS:

F N C Manby Bowdler LLP

George House

St John's Square

Wolverhampton

West Midlands

WV2 4BZ

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of D M W Environmental Safety Ltd for the year ended 30 June 2014 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 me.

As a practising member firm of the Chartered Institute of Management Accountants, I are subject to its ethical and other

professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of D M W Environmental Safety Ltd, as a body, in accordance with

the terms of my engagement letter dated 22 October 2010. My work has been undertaken solely to prepare for your

approval the financial statements of D M W Environmental Safety Ltd and state those matters that I have agreed to state

to the Board of Directors of D M W Environmental Safety Ltd, as a body, in this report in accordance with the

requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the

fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board

of Directors, as a body, for my work or for this report.

It is your duty to ensure that D M W Environmental Safety Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of D M W

Environmental Safety Ltd. You consider that D M W Environmental Safety Ltd is exempt from the statutory audit

requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of D M W Environmental Safety

Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

K L Whitehouse Associates Ltd

Chartered Management Accountants

23 Pilkington Avenue

Sutton Coldfield

West Midlands

B72 1LA

30 March 2015

FIXED ASSETS

Tangible assets

2

424,570

171,702

CURRENT ASSETS

Debtors

1,240,448

1,045,457

Cash at bank and in hand

1,938,454

2,756,429

3,178,902

3,801,886

CREDITORS

Amounts falling due within one year

702,574

1,016,541

NET CURRENT ASSETS

2,476,328

2,785,345

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,898

2,957,047

PROVISIONS FOR LIABILITIES

59,217

21,737

NET ASSETS

2,841,681

2,935,310

CAPITAL AND RESERVES

Called up share capital

3

300

Capital redemption reserve

1

Profit and loss account

2,841,380

2,935,009

SHAREHOLDERS' FUNDS

2,841,681

2,935,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 March 2015 and were signed on its behalf by:

W J Williams - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Employer financed retirement benefit scheme

During the preceding year the Company resolved to establish an employer financed retirement benefit scheme for

the benefit of its officers, employees and their wider families, The DMW Environmental Safety Limited 2013

EFRBS ('the Scheme').

The Directors considered that a constructive obligation existed as at 30 June 2013 as a result of the resolution

made at a meeting of the Directors beforehand. It was therefore considered that an accrual should be recognised

in the preceding accounts of £500,200.00 on the basis that as at 30 June 2013 the Company had a present

constructive obligation as a result of a past event, that the Directors believed that a transfer of economic benefits

would be required to settle the obligation, and that an accurate estimate could be made of the amount of the

obligation. On the 11 July 2013 the Company established the Scheme.

During the current accounting period, the Company made contributions of £500,200.00 in total under the

Scheme. By virtue of an accrual made in the preceding accounting period, no charge to the profit and loss

account is made in the current accounting period in relation to these contributions.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

857,856

Additions

341,756

Disposals

(31,085

)

At 30 June 2014

1,168,527

DEPRECIATION

At 1 July 2013

686,154

Charge for year

86,710

Eliminated on disposal

(28,907

)

At 30 June 2014

743,957

NET BOOK VALUE

At 30 June 2014

424,570

At 30 June 2013

171,702

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

99

Ordinary

£1

99

1

Ordinary "B" Shares

£1

1

100

A Ordinary Management

£1

100

B Ordinary Management

£1

100

300

D M W Environmental Safety Ltd - Limited company - abbreviated - 11.0.0

D M W Environmental Safety Ltd - Limited company - abbreviated - 11.0.0