DMCL & Associates Ltd Filleted accounts for Companies House (small and micro)

DMCL & ASSOCIATES LTD - Company Information

2 false false false false false false false false false true false false false false false false No description of principal activity 2020-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11989614 2020-06-01 2021-05-31 11989614 2021-05-31 11989614 2019-05-10 2020-05-31 11989614 2020-05-31 11989614 bus:Director1 2020-06-01 2021-05-31 11989614 core:WithinOneYear 2021-05-31 11989614 core:WithinOneYear 2020-05-31 11989614 core:ShareCapital 2021-05-31 11989614 core:ShareCapital 2020-05-31 11989614 core:RetainedEarningsAccumulatedLosses 2021-05-31 11989614 core:RetainedEarningsAccumulatedLosses 2020-05-31 11989614 bus:Director1 2020-05-31 11989614 bus:Director1 2021-05-31 11989614 bus:Director1 2020-05-31 11989614 bus:Director1 2019-05-10 2020-05-31 11989614 bus:SmallEntities 2020-06-01 2021-05-31 11989614 bus:AuditExemptWithAccountantsReport 2020-06-01 2021-05-31 11989614 bus:FullAccounts 2020-06-01 2021-05-31 11989614 bus:SmallCompaniesRegimeForAccounts 2020-06-01 2021-05-31 11989614 bus:PrivateLimitedCompanyLtd 2020-06-01 2021-05-31

COMPANY REGISTRATION NUMBER: 11989614

DMCL & Associates Ltd

Filleted Unaudited Financial Statements

31 May 2021

DMCL & Associates Ltd

Statement of Financial Position

31 May 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	18,874	5,187
Cash at bank and in hand		31,652	19,787
		-------	-------
		50,526	24,974

Creditors: amounts falling due within one year	6	34,099		14,845
		-------		-------
Net current assets			16,427	10,129
			-------	-------
Total assets less current liabilities			16,427	10,129
			-------	-------
Net assets			16,427	10,129
			-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	16,425	10,127
	-------	-------
Shareholders funds	16,427	10,129
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 January 2022 , and are signed on behalf of the board by:

Mrs D A McLaughlin

Director

Company registration number: 11989614

DMCL & Associates Ltd

Notes to the Financial Statements

Year ended 31 May 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1a The Moorings, Dane Road Industrial Estate, Sale, Cheshire, M33 7BH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Debtors

	2021	2020
	£	£
Trade debtors	8,885	5,000
Other debtors	9,989	187
	-------	------
	18,874	5,187
	-------	------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Corporation tax	22,055	14,125
Social security and other taxes	11,094	–
Other creditors	950	720
	-------	-------
	34,099	14,845
	-------	-------

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs D A McLaughlin	187	96,802	( 87,000)	9,989
	----	-------	-------	------

	2020
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs D A McLaughlin	–	48,187	( 48,000)	187
	----	-------	-------	----