Abbreviated Company Accounts - DMS PARTNERS LIMITED

DMS PARTNERS LIMITED - Company Information

SC056777 DMS PARTNERS LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true SC056777 2013-03-01 2014-02-28 SC056777 2014-02-28 SC056777 2013-02-28 SC056777 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 SC056777 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number SC056777

DMS PARTNERS LIMITED

Abbreviated Accounts

28 February 2014

DMS PARTNERS LIMITED Registered Number SC056777

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,046,510	1,809,181
		1,046,510	1,809,181
Current assets
Stocks		-	-
Debtors		13,339	-
Investments		-	-
Cash at bank and in hand		11,944	55,456
		25,283	55,456
Creditors: amounts falling due within one year	3	(130,282)	(1,064,027)
Net current assets (liabilities)		(104,999)	(1,008,571)
Total assets less current liabilities		941,511	800,610
Creditors: amounts falling due after more than one year	3	0	(281,157)
Provisions for liabilities		0	(39,539)
Total net assets (liabilities)		941,511	479,914
Capital and reserves
Called up share capital	4	149,413	149,413
Profit and loss account		792,098	330,501
Shareholders' funds		941,511	479,914

For the year ending 28 February 2014 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 30 June 2014

And signed on their behalf by:
A E Morrison, Director

DMS PARTNERS LIMITED Registered Number SC056777

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value net of value added tax and discounts of rental income.

Tangible assets depreciation policy
Investment properties are included in the balance sheet at their open market values and are not depreciated.
Although this policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for Investment Properties, it is a departure from the general requirements of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisiation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified of quantified.

2Tangible fixed assets

	£
Cost
At 1 March 2013	1,809,181
Additions	1,046,510
Disposals	(1,809,181)
Revaluations	0
Transfers	0
At 28 February 2014	1,046,510
Depreciation
At 1 March 2013	0
Charge for the year	0
On disposals	0
At 28 February 2014	0
Net book values
At 28 February 2014	1,046,510
At 28 February 2013	1,809,181

3Creditors

	2014 £	2013 £
Secured Debts	0	281,157

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
149,413 Ordinary shares of £1 each	149,413	149,413