DMS Fabrications Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05916284 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

DMS Fabrications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Spence

Mrs J Spence

SECRETARY:

Mrs J Spence

REGISTERED OFFICE:

The Station

Station Hill

Overton

Basingstoke

Hampshire

RG25 3JH

REGISTERED NUMBER:

05916284 (England and Wales)

ACCOUNTANTS:

Sole Associates Accountants Ltd

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

111,617

132,967

111,617

132,967

CURRENT ASSETS

Stocks

500

Debtors

257,832

197,856

Cash at bank and in hand

32,377

8,581

290,709

206,937

CREDITORS

Amounts falling due within one year

233,804

178,101

NET CURRENT ASSETS

56,905

28,836

TOTAL ASSETS LESS CURRENT
LIABILITIES

168,522

161,803

CREDITORS

Amounts falling due after more than one
year

(87,895

)

(124,336

)

PROVISIONS FOR LIABILITIES

(21,233

)

(22,737

)

NET ASSETS

59,394

14,730

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

59,294

14,630

SHAREHOLDERS' FUNDS

59,394

14,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 19 December 2016 and were signed on
its behalf by:

M Spence - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,693

AMORTISATION

At 1 April 2015

and 31 March 2016

10,693

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

238,040

Additions

15,856

At 31 March 2016

253,896

DEPRECIATION

At 1 April 2015

105,073

Charge for year

37,206

At 31 March 2016

142,279

NET BOOK VALUE

At 31 March 2016

111,617

At 31 March 2015

132,967

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

100

Share capital 1

1

100