Company Registration No. 05417801 (England and Wales)
DBM GLOBAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
DBM GLOBAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DBM GLOBAL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,306
1,537
Current assets
Debtors
380,165
104,210
Cash at bank and in hand
154,532
116,030
534,697
220,240
Creditors: amounts falling due within one year
(535,022)
(221,655)
Net current liabilities
(325)
(1,415)
Total assets less current liabilities
981
122
Capital and reserves
Called up share capital
3
20
20
Profit and loss account
961
102
Shareholders' funds
981
122
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 April 2016
M Maher
Director
Company Registration No. 05417801
DBM GLOBAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts invoiced with regards to labour recruitment in the rail industy, net of VAT, and is recognised in the period in which the service has been provided.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014 & at 31 July 2015
4,686
Depreciation
At 1 August 2014
3,149
Charge for the year
231
At 31 July 2015
3,380
Net book value
At 31 July 2015
1,306
At 31 July 2014
1,537
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20 Ordinary Shares of £1 each
20
20
DBM GLOBAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
M Maher -
3.00
18,955
567,418
1,415
509,110
78,678
18,955
567,418
1,415
509,110
78,678
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