D M W Environmental Safety Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03576012 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

for

D M W Environmental Safety Ltd

Page

Company Information

1

Chartered Accountant's Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

W J Williams

G Williams

N Williams

REGISTERED OFFICE:

Unit 4 Calibre Industrial Park

Four Ashes

Wolverhampton

West Midlands

WV10 7DZ

REGISTERED NUMBER:

03576012 (England and Wales)

ACCOUNTANT:

K L Whitehouse Associates Ltd

Chartered Management Accountants

23 Pilkington Avenue

Sutton Coldfield

West Midlands

B72 1LA

SOLICITORS:

George Green LLP

19 Waterloo Road

Wolverhampton

WV1 4DY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of D M W Environmental Safety Ltd for the year ended 30 June 2017 which comprise the Income Statement,

Balance Sheet, Cash Flow Statement and the related notes from the company's accounting records and from information

and explanations you have given me.

As a practising member firm of the Chartered Institute of Management Accountants, I are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of D M W Environmental Safety Ltd, as a body, in accordance with the terms of my engagement letter dated 22 October 2010. My work has been undertaken solely to prepare for your approval the financial statements of D M W Environmental Safety Ltd and state those matters that I have agreed to state to the Board of Directors of D M W Environmental Safety Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that D M W Environmental Safety Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D M W Environmental Safety Ltd. You consider that D M W Environmental Safety Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of D M W Environmental Safety Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

K L Whitehouse Associates Ltd

Chartered Management Accountants

23 Pilkington Avenue

Sutton Coldfield

West Midlands

B72 1LA

21 March 2018

FIXED ASSETS

Tangible assets

3

690,544

700,010

CURRENT ASSETS

Stocks

-

33,708

Debtors

4

1,295,814

1,516,714

Cash at bank

3,949,312

1,705,733

5,245,126

3,256,155

CREDITORS

Amounts falling due within one year

5

959,870

328,774

NET CURRENT ASSETS

4,285,256

2,927,381

TOTAL ASSETS LESS CURRENT LIABILITIES

4,975,800

3,627,391

PROVISIONS FOR LIABILITIES

6

101,733

106,059

NET ASSETS

4,874,067

3,521,332

CAPITAL AND RESERVES

Called up share capital

300

300

Capital redemption reserve

1

1

Retained earnings

4,873,766

3,521,031

SHAREHOLDERS' FUNDS

4,874,067

3,521,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 March 2018 and were signed on its behalf by:

W J Williams - Director

1.	STATUTORY INFORMATION

D M W Environmental Safety 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.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 July 2016

357,106

83,289

141,297

Additions

14,893

10,599

1,744

At 30 June 2017

371,999

93,888

143,041

DEPRECIATION

At 1 July 2016

189,937

48,564

139,108

Charge for year

33,470

10,201

2,300

Eliminated on disposal

-

-

-

At 30 June 2017

223,407

58,765

141,408

NET BOOK VALUE

At 30 June 2017

148,592

35,123

1,633

At 30 June 2016

167,169

34,725

2,189

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2016

665,961

369,844

1,617,497

Additions

238,135

49,862

315,233

Disposals

(107,810

)

-

(107,810

)

At 30 June 2017

796,286

419,706

1,824,920

DEPRECIATION

At 1 July 2016

284,341

255,537

917,487

Charge for year

147,436

56,866

250,273

Eliminated on disposal

(33,384

)

-

(33,384

)

At 30 June 2017

398,393

312,403

1,134,376

NET BOOK VALUE

At 30 June 2017

397,893

107,303

690,544

At 30 June 2016

381,620

114,307

700,010

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

1,414,409

1,136,148

Bad Debt Provision

(216,392

)

(229,037

)

Directors' loan accounts

-

287,149

Prepayments and accrued income

97,797

322,454

1,295,814

1,516,714

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

-

128,298

Trade creditors

165,831

74,301

Tax

369,174

24,640

Social security and other taxes

56,387

92,744

VAT

368,478

8,791

959,870

328,774

6.	PROVISIONS FOR LIABILITIES

30.6.17

30.6.16

£

£

Deferred tax

101,733

106,059

Deferred

tax

£

Balance at 1 July 2016

106,059

Credit to Income Statement during year

(4,326

)

Accelerated capital allowances

Balance at 30 June 2017

101,733