DM Contractors (Wellington) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04002880 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

DM CONTRACTORS (WELLINGTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A J Vincent

Mrs P M Hill

REGISTERED OFFICE:

Poole Industrial Estate

Poole

Wellington

Somerset

TA21 9HW

REGISTERED NUMBER:

04002880 (England and Wales)

ACCOUNTANTS:

Aspen Waite Doyle

Old Town Hall

Fore Street

Wellington

Somerset

TA21 8LS

BANKERS:

Lloyds TSB

Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Tangible assets

2

101,139

117,079

CURRENT ASSETS

Stocks

15,950

11,300

Debtors

52,465

71,061

Cash at bank

40,024

5,128

108,439

87,489

CREDITORS

Amounts falling due within one year

3

(68,065

)

(52,110

)

NET CURRENT ASSETS

40,374

35,379

TOTAL ASSETS LESS CURRENT
LIABILITIES

141,513

152,458

CREDITORS

Amounts falling due after more than one
year

3

(47,318

)

(55,301

)

PROVISIONS FOR LIABILITIES

(20,228

)

(23,416

)

NET ASSETS

73,967

73,741

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

73,867

73,641

SHAREHOLDERS' FUNDS

73,967

73,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 23rd February 2017 and were signed on its behalf
by:

Mrs P M Hill - 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.

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

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

335,139

Additions

1,761

At 31st May 2016

336,900

DEPRECIATION

At 1st June 2015

218,060

Charge for year

17,701

At 31st May 2016

235,761

NET BOOK VALUE

At 31st May 2016

101,139

At 31st May 2015

117,079

3.

CREDITORS

Creditors include an amount of £ 15,301 (31/5/15 - £ 24,548 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

100

Ordinary

£1

100

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs P M Hill.