DON ELECTRICAL SERVICES LIMITED Accounts filed on 31-05-2015
DON ELECTRICAL SERVICES LIMITED Accounts filed on 31-05-2015
DON ELECTRICAL SERVICES LIMITED
Company Registration Number:
SC203191 (Scotland)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st June 2014
End date: 31st May 2015
SUBMITTED
DON ELECTRICAL SERVICES LIMITED
Company Information
for the Period Ended
31st May 2015
Director: |
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Registered office: |
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Aberdeen | ||
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Company Registration Number: |
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DON ELECTRICAL SERVICES LIMITED
Abbreviated Balance sheet
As at 31st May 2015
Notes | 2015 £ |
2014 £ |
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Fixed assets | |||
Tangible assets: | 7 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 8 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 9 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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1,660 | |
Total net assets (liabilities): |
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The notes form part of these financial statements
DON ELECTRICAL SERVICES LIMITED
Abbreviated Balance sheet
As at 31st May 2015
continued
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2014 £ |
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Capital and reserves | |||
Called up share capital: | 10 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Margo Benzie
Status: Director
The notes form part of these financial statements
DON ELECTRICAL SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Tangible fixed assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Plant and machinery - 20-25% Straight Line Other accounting policies
Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable; Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
DON ELECTRICAL SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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7. Tangible assets
Total Cost £ At 01st June 2014: 40,393 Additions: 10,458 At 31st May 2015: 50,851 Depreciation At 01st June 2014: 31,372 Charge for year: 8,480 At 31st May 2015: 39,852 Net book value At 31st May 2015: 10,999 At 31st May 2014: 9,021
DON ELECTRICAL SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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8. Debtors
2015
£2014
£Trade debtors: 74,787 94,261 Total: 74,787 94,261
DON ELECTRICAL SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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9. Creditors: amounts falling due within one year
2015
£2014
£Amounts due under finance leases and hire purchase contracts: 1,731 4,958 Trade creditors: 12,825 10,246 Taxation and social security: 3,629 19,046 Accruals and deferred income: 2,100 2,700 Other creditors: 1,920 - Total: 22,205 36,950