Domestic Installations Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07521490 (England and Wales)

Financial Statements for the Year Ended 28 February 2017

for

Domestic Installations Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P G Edwards

REGISTERED OFFICE:

9 Lunedale Road

Dibden Purlieu

Southampton

Hampshire

SO45 4QN

REGISTERED NUMBER:

07521490 (England and Wales)

ACCOUNTANTS:

Basra & Basra

Chartered Accountants

9 London Road

Southampton

Hampshire

SO15 2AE

FIXED ASSETS

Intangible assets

4

7,000

7,500

Tangible assets

5

1,011

1,264

8,011

8,764

CURRENT ASSETS

Cash at bank

25,813

28,580

CREDITORS

Amounts falling due within one year

11,605

15,250

NET CURRENT ASSETS

14,208

13,330

TOTAL ASSETS LESS CURRENT LIABILITIES

22,219

22,094

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

22,119

21,994

SHAREHOLDERS' FUNDS

22,219

22,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 May 2017 and were signed by:

P G Edwards - Director

1.	STATUTORY INFORMATION

Domestic Installations Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

and 28 February 2017

10,000

AMORTISATION

At 1 March 2016

2,500

Amortisation for year

500

At 28 February 2017

3,000

NET BOOK VALUE

At 28 February 2017

7,000

At 29 February 2016

7,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

and 28 February 2017

2,189

DEPRECIATION

At 1 March 2016

925

Charge for year

253

At 28 February 2017

1,178

NET BOOK VALUE

At 28 February 2017

1,011

At 29 February 2016

1,264

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Edwards.