DB Management Systems Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06540641 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

DB Management Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Knowles

Mrs C A Knowles

SECRETARY:

Mrs P A Knowles

REGISTERED OFFICE:

45 Elmsdale Road

Wootton

Bedford

Bedfordshire

MK43 9JW

REGISTERED NUMBER:

06540641 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

271

CURRENT ASSETS

Debtors

5

5,087

451

Cash at bank and in hand

27,747

28,447

32,834

28,898

CREDITORS

Amounts falling due within one year

6

18,881

28,873

NET CURRENT ASSETS

13,953

25

TOTAL ASSETS LESS CURRENT LIABILITIES

13,953

296

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

13,950

293

SHAREHOLDERS' FUNDS

13,953

296

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2017 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 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 Board of Directors on 9th November 2017 and were signed on its behalf by:

D Knowles - Director

1.	STATUTORY INFORMATION

DB Management Systems Ltd 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.

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

-

50% on Reducing Balance

Computer equipment

-

50% Straight Line Basis

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

and 31st March 2017

5,109

DEPRECIATION

At 1st April 2016

4,838

Charge for year

271

At 31st March 2017

5,109

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

5,087

451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

131

Taxation and social security

17,369

14,622

Other creditors

1,512

14,120

18,881

28,873

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

3

Ordinary

£1

3

3

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D Knowles.