DM Finishing Limited - Limited company - abbreviated - 11.0.0
DM Finishing Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| DM Finishing Limited |
| Abbreviated Unaudited Accounts For The Year Ended 31 January 2014 |
| DM Finishing Limited (Registered number: 04650796) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 31 January 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| DM Finishing Limited |
| Company Information |
| For The Year Ended 31 January 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| DM Finishing Limited (Registered number: 04650796) |
| Abbreviated Balance Sheet |
| 31 January 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| DM Finishing Limited (Registered number: 04650796) |
| Abbreviated Balance Sheet - continued |
| 31 January 2014 |
| The financial statements were approved by the director on |
| DM Finishing Limited (Registered number: 04650796) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 31 January 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements are prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Small Entities (effective April 2008). |
| The financial statements have been prepared on the going concern basis. The directors believe that this is |
| applicable as the company is able to meet all of its day to day working capital requirements using a loan from the |
| director. The director has confirmed that they will not seek repayment of the loan until the company has returned |
| to profitability. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| In respect of long-term contracts and contracts for ongoing service, turnover represents the value of work done in |
| the year, including estimates of amounts invoiced. Turnover in respect of long-term contracts and contracts for |
| ongoing services is recognised by reference to the stage of completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 the excess taxation allowances over depreciation on fixed assets. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing difference reverse, based on the tax rates and laws enacted or substantively enacted 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. |
| DM Finishing Limited (Registered number: 04650796) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 31 January 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| Additions |
| At 31 January 2014 |
| DEPRECIATION |
| At 1 February 2013 |
| Charge for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |