DBM_HOLDINGS_LIMITED - Accounts
DBM_HOLDINGS_LIMITED - Accounts
Company Registration No. SC276499 (Scotland)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBREVIATED BALANCE SHEET
AS AT
29 MARCH 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(4,292 )
(575 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Other reserves
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 5 December 2014
Director
Company Registration No. SC276499
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
Although the company made a net profit in this accounting period and at the balance sheet date it had net assets, it is dependent on dividends from its subsidiary undertakings to meet its financial commitments. These accounts have been prepared on a going concern basis which assumes that the subsidiary companies will continue to support the holding company. The directors are confident that this will be the case for the foreseeable future.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2014
- 3 -
2
Fixed assets
Investments
£
Cost
At 30 March 2013 & at 29 March 2014
68,582
At 29 March 2013
68,582
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
Ordinary
Ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
85,697
76,722
42,974
129,184
518,629
302,024
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
On 31 October 2013, the company purchased 848 of its ordinary £1 shares for an aggregate consideration of £105,000. This acquisition represents 10% of the called up share capital. The shares were purchased from a former director, Dugal McLeod, as he resigned from the business on this date.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 MARCH 2014
- 4 -
4
Related party relationships and transactions
Transactions with group companies
The company has taken advantage of the exemption available in FRS 8 "Related party disclosures" whereby it has not disclosed transactions with any wholly owned subsidiary undertaking.