DM Contractors (Wellington) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04002880 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2015

FOR

DM CONTRACTORS (WELLINGTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A J Vincent

Mrs P M Hill

SECRETARY:

Mrs P M Hill

REGISTERED OFFICE:

Poole Industrial Estate

Poole

Wellington

Somerset

TA21 9HW

REGISTERED NUMBER:

04002880 (England and Wales)

ACCOUNTANTS:

Aspen Waite Doyle

Old Town Hall

Fore Street

Wellington

Somerset

TA21 8LS

BANKERS:

Lloyds TSB

Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Tangible assets

2

117,079

92,374

CURRENT ASSETS

Stocks

11,300

10,500

Debtors

71,061

76,310

Cash at bank

5,128

8,084

87,489

94,894

CREDITORS

Amounts falling due within one year

3

(52,110

)

(57,955

)

NET CURRENT ASSETS

35,379

36,939

TOTAL ASSETS LESS CURRENT LIABILITIES

152,458

129,313

CREDITORS

Amounts falling due after more than one year

3

(55,301

)

(41,264

)

PROVISIONS FOR LIABILITIES

(23,416

)

(18,475

)

NET ASSETS

73,741

69,574

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

73,641

69,474

SHAREHOLDERS' FUNDS

73,741

69,574

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 25th February 2016 and were signed on its behalf by:

Mrs P M Hill - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

295,746

Additions

39,393

At 31st May 2015

335,139

DEPRECIATION

At 1st June 2014

203,372

Charge for year

14,688

At 31st May 2015

218,060

NET BOOK VALUE

At 31st May 2015

117,079

At 31st May 2014

92,374

3.

CREDITORS

Creditors include an amount of £ 24,548 (31/5/14 - £ 6,321 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/15

31/5/14

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P M Hill.