DRS Heating Limited - Period Ending 2015-05-31

Registration number: 09026082

DRS Heating Limited

Unaudited Abbreviated Accounts

for the Period from 6 May 2014 to 31 May 2015

 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

DRS Heating Limited
(Registration number: 09026082)
Abbreviated Balance Sheet at 31 May 2015

		Note			31 May 2015 £
Fixed assets
Tangible fixed assets					1,276
Current assets
Debtors					3,524
Cash at bank and in hand					21,192
					24,716
Creditors: Amounts falling due within one year					(20,058)
Net current assets					4,658
Total assets less current liabilities					5,934
Provisions for liabilities					(255)
Net assets					5,679
Capital and reserves
Called up share capital					10
Profit and loss account					5,669
Shareholders' funds					5,679

The notes on pages 3 to 4 form an integral part of these financial statements.
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DRS Heating Limited
(Registration number: 09026082)
Abbreviated Balance Sheet at 31 May 2015
......... continued

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 2 February 2016

.........................................
Mr Dean Stone
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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DRS Heating Limited
Notes to the Abbreviated Accounts for the Period from 6 May 2014 to 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Office equipment	33.3% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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DRS Heating Limited
Notes to the Abbreviated Accounts for the Period from 6 May 2014 to 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,680			1,680
At 31 May 2015		1,680			1,680
Depreciation
Charge for the period		404			404
At 31 May 2015		404			404
Net book value
At 31 May 2015		1,276			1,276

3	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Mr D Stone (Director) During the period the director received rent from the company of £560 . At the balance sheet date the amount due to Mr D Stone was £nil.

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