Demma Technical Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11703452 (England and Wales)

Financial Statements

for the Period 29th November 2018 to 31st January 2020

for

DEMMA TECHNICAL INSTALLATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D P Connell

Demma Group Ltd

C Herbert

G A Poulton

REGISTERED OFFICE:

37-38 The Green

Birmingham

B36 9AL

REGISTERED NUMBER:

11703452 (England and Wales)

AUDITORS:

M.T.Manley & Co Limited

696 Yardley Wood Road

Billesley

Birmingham

West Midlands

B13 0HY

FIXED ASSETS

Tangible assets

4

10,590

CURRENT ASSETS

Stocks

5,196

Debtors

5

255,958

Cash at bank

116,370

377,524

CREDITORS

Amounts falling due within one year

6

476,975

NET CURRENT LIABILITIES

(99,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,861

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(88,961

)

SHAREHOLDERS' FUNDS

(88,861

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2020 and were signed on its behalf by:

D P Connell - Director

G A Poulton - Director

1.	STATUTORY INFORMATION

Demma Technical Installations Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

14,120

At 31st January 2020

14,120

DEPRECIATION

Charge for period

3,530

At 31st January 2020

3,530

NET BOOK VALUE

At 31st January 2020

10,590

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

238,934

Amounts owed by group undertakings

16,995

Other debtors

29

255,958

Included in amounts owed by group undertakings are inter company debtors which include amounts due from

£

Demma Services Limited

16 ,930

Demma Group Ltd

65

16,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

352,247

Amounts owed to group undertakings

96,335

Taxation and social security

23,398

Other creditors

4,995

476,975

Included in amounts owed to group undertakings are the following balances due to:

£

Demma Controls Limited

96,335

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

65

Ordinary A

£1

65

15

Ordinary B

£1

15

15

Ordinary C

£1

15

5

Ordinary D

£1

5

100

The following shares were issued during the period for cash at par :

65 Ordinary A shares of £1

15 Ordinary B shares of £1

15 Ordinary C shares of £1

5 Ordinary D shares of £1

The ordinary A shares of £1 each,the ordinary B shares of £1 each and ordinary C shares of £1 each and the ordinary D shares of £1 each all have voting rights,right to receive dividends and participate in capital distributions on a winding up. A dividend can be paid on one class of share irrespective of the classes of shares.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Collins (Senior Statutory Auditor)

for and on behalf of M.T.Manley & Co Limited

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme of which the assets are held separately from those of the company. During the period the company contributed £2,414 to the scheme.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Demma Group Ltd (Company Number 10543203 registered in England and Wales) by virtue of its 65% holding in the issued ordinary share capital.

11.	GOING CONCERN

The financial statements are prepared on the going concern basis, even though the company made a loss for the period and has liabilities in excess of assets, as the company has financial support from its parent undertaking to ensure that the company will continue to exist for at least 12 months from the date of signing the financial statements.