D P S Auto Services Limited - Period Ending 2016-03-31

Registration number: 03617432

D P S Auto Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

AIMS William Robertson FCMA
Chartered Management Accountant
Woodside
Cinder Hill
North Chailey
Lewes
East Sussex
BN8 4HP

D P S Auto Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
D P S Auto Services Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D P S Auto Services Limited for the year ended 31 March 2016 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of D P S Auto Services Limited , as a body. Our work has been undertaken solely to prepare for your approval the accounts of D P S Auto Services Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D P S Auto Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that D P S Auto Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D P S Auto Services Limited. You consider that D P S Auto Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of D P S Auto Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS William Robertson FCMA
Chartered Management Accountant
Woodside
Cinder Hill
North Chailey
Lewes
East Sussex
BN8 4HP

28 November 2016

Page 1

D P S Auto Services Limited
(Registration number: 03617432)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,240			3,941
Current assets
Stocks					1,887			2,105
Debtors					2,316			724
Cash at bank and in hand					9,579			17,935
					13,782			20,764
Creditors: Amounts falling due within one year					(9,208)			(10,162)
Net current assets					4,574			10,602
Net assets					11,814			14,543
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					11,714			14,443
Shareholders' funds					11,814			14,543

For the year ending 31 March 2016 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 directors acknowledge their 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 Board on 28 November 2016 and signed on its behalf by:

.........................................
D P Sitford
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

D P S Auto Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

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	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 3

D P S Auto Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		16,972			16,972
Additions		5,713			5,713
At 31 March 2016		22,685			22,685
Depreciation
At 1 April 2015		13,031			13,031
Charge for the year		2,414			2,414
At 31 March 2016		15,445			15,445
Net book value
At 31 March 2016		7,240			7,240
At 31 March 2015		3,941			3,941

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4