D.B.S. Engineers Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01085535 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 May 2015

for

D.B.S. Engineers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Davy

J H Davy

REGISTERED OFFICE:

'Ryecroft'

25 Manor Park Road

Glossop

Derbyshire

SK13 9SQ

REGISTERED NUMBER:

01085535 (England and Wales)

ACCOUNTANTS:

Crossley Lomas Accountants LLP

Accountants

'Ryecroft'

25 Manor Park Road

Glossop

Derbyshire

SK13 7SQ

FIXED ASSETS

Tangible assets

2

17,848

17,625

CURRENT ASSETS

Stocks

22,356

34,836

Debtors

27,819

74,919

Cash at bank and in hand

106,347

140,599

156,522

250,354

CREDITORS

Amounts falling due within one year

65,497

117,915

NET CURRENT ASSETS

91,025

132,439

TOTAL ASSETS LESS CURRENT LIABILITIES

108,873

150,064

PROVISIONS FOR LIABILITIES

2,424

2,023

NET ASSETS

106,449

148,041

CAPITAL AND RESERVES

Called up share capital

3

100

100

Capital redemption reserve

95

95

Profit and loss account

106,254

147,846

SHAREHOLDERS' FUNDS

106,449

148,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 17 November 2015 and were signed on its behalf by:

J H Davy - 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

Revenue is recognised at the time the goods are delivered. Turnover is the amount derived from ordinary

activities, after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

145,568

Additions

4,777

Disposals

(1,385

)

At 31 May 2015

148,960

DEPRECIATION

At 1 June 2014

127,943

Charge for year

3,539

Eliminated on disposal

(370

)

At 31 May 2015

131,112

NET BOOK VALUE

At 31 May 2015

17,848

At 31 May 2014

17,625

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest on preference shares paid to directors during the year were:

Mr MJ Davy £Nil (2014 : Nil)

Mr J Davy £23,000 (2014 : £8,000)