DLR Construction Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10571977 (England and Wales)

DLR CONSTRUCTION SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19 JANUARY 2017 TO 31 JANUARY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L R De-La-Rue

Miss J L Stephens

REGISTERED OFFICE:

40 Bonner Drive

Sutton Coldfield

West Midlands

B76 1DZ

REGISTERED NUMBER:

10571977 (England and Wales)

ACCOUNTANTS:

Weatherer Bailey Bragg LLP

Chartered Certified Accountants

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

FIXED ASSETS

Tangible assets

4

8,383

CURRENT ASSETS

Stocks

191,779

Debtors

5

13,366

Cash at bank

3,447

208,592

CREDITORS

Amounts falling due within one year

6

210,136

NET CURRENT LIABILITIES

(1,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,839

PROVISIONS FOR LIABILITIES

1,593

NET ASSETS

5,246

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

5,146

SHAREHOLDERS' FUNDS

5,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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 7 September 2018 and were signed on its behalf by:

L R De-La-Rue - Director

1.	STATUTORY INFORMATION

DLR Construction Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

As at 31 January 2018, the balance sheet is reflecting net current liabilities amounting to £1,544.

However, included in creditors due within one year is £174,249 which is due to the directors. The

directors have given their assurances that they will not request repayment of this amount until such a

time that other creditors of the company have been paid. The directors are of the opinion that this

situation will reverse in the foreseeable future and as such consider that the going concern basis of

preparation to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the

goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable

that the economic benefits associated with the transaction will flow to the company and the costs

incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on

dispatch of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services rendered is

recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment

losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks comprise of part completed properties held for resale. Stocks are stated at the lower of cost

and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs

of conversion and other costs incurred in bringing stock to its present location and condition. Provision

is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

640

10,125

367

11,132

At 31 January 2018

640

10,125

367

11,132

DEPRECIATION

Charge for period

96

2,531

122

2,749

At 31 January 2018

96

2,531

122

2,749

NET BOOK VALUE

At 31 January 2018

544

7,594

245

8,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments and accrued income

13,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,082

Corporation tax payable

2,049

Social security & other taxes

52

VAT

638

Other creditors

25,000

Wages control

1,600

Directors' loan accounts

174,249

Accrued expenses

1,466

210,136

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8.

RESERVES

Retained

earnings

£

Profit for the period

5,146

At 31 January 2018

5,146

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 January 2018:

£

L R De-La-Rue and Miss J L Stephens

Balance outstanding at start of period

-

Amounts advanced

29,310

Amounts repaid

(203,559

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(174,249

)

No interest is charged by directors on loans to the company. Amounts are repayable on demand.