Domestic Transformations Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05665666 (England and Wales)

Domestic Transformations Limited

Unaudited Financial Statements for the Year Ended 31 January 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Director:

D Timms

Secretary:

Mrs L Timms

Registered office:

188 Harrowby Road

Grantham

Lincolnshire

NG31 9DX

Registered number:

05665666 (England and Wales)

Accountants:

Rupert King & Company Limited

Stanton House

31 Westgate

Grantham

Lincolnshire

NG31 6LX

Fixed assets

Intangible assets

4

16,000

16,000

Tangible assets

5

107

142

16,107

16,142

Current assets

Stocks

600

700

Debtors

6

-

3,994

Cash at bank

1,805

64

2,405

4,758

Creditors

Amounts falling due within one year

7

10,929

14,685

Net current liabilities

(8,524

)

(9,927

)

Total assets less current liabilities

7,583

6,215

Capital and reserves

Called up share capital

2

2

Retained earnings

7,581

6,213

Shareholders' funds

7,583

6,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 31 October 2017 and were signed by:

D Timms - Director

1.	Statutory information

Domestic Transformations 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.

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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 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.

3.	Employees and directors

The average number of employees during the year was 1 .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2016

and 31 January 2017

16,000

Net book value

At 31 January 2017

16,000

At 31 January 2016

16,000

5.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 February 2016

and 31 January 2017

300

1,399

1,699

Depreciation

At 1 February 2016

268

1,289

1,557

Charge for year

7

28

35

At 31 January 2017

275

1,317

1,592

Net book value

At 31 January 2017

25

82

107

At 31 January 2016

32

110

142

6.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

-

3,994

7.

Creditors: amounts falling due within one year

2017

2016

£

£

Corporation tax

444

30

Social security and other taxes

106

93

Other creditors

4,944

5,178

Directors' current accounts

3,454

7,415

Accrued expenses

1,981

1,969

10,929

14,685

8.	Ultimate controlling party

The controlling party is D Timms.