|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31 October 2017 |
|
for |
|
Design & Management Air Conditioning |
& Mechanical Services Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31 October 2017 |
|
for |
|
Design & Management Air Conditioning |
& Mechanical Services Limited |
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Design & Management Air Conditioning |
& Mechanical Services Limited |
|
Company Information |
for the Year Ended 31 October 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Statutory Auditors |
4 Riverview |
Walnut Tree Close |
Guildford |
Surrey |
GU1 4UX |
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Balance Sheet |
31 October 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one
year |
7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more
than one year |
8 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES |
|
( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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
signed on its behalf by: |
|
|
|
|
|
|
|
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
|
1. | STATUTORY INFORMATION |
|
Design & Management Air Conditioning & Mechanical Services Limited is a
|
, 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. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Preparation of consolidated financial statements |
Consolidated financial statements are prepared by the parent Design & Management |
(Holdings) Limited. The registered office of the parent company is Contract House, |
202 North Cray Road, Sidcup, Kent, DA14 5EH. |
|
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 |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
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. |
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
|
3. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in |
the balance sheet. Those held under hire purchase contracts are depreciated over |
their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the |
relevant period. The capital element of the future payments is treated as a |
liability. |
|
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. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2016 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
|
( |
) |
|
( |
) |
At 31 October 2017 |
|
|
|
|
|
DEPRECIATION |
At 1 November 2016 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
Eliminated on disposal |
|
|
( |
) |
|
( |
) |
At 31 October 2017 |
|
|
|
|
|
NET BOOK VALUE |
At 31 October 2017 |
|
|
|
|
|
At 31 October 2016 |
|
|
|
|
|
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts |
are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 November 2016 |
|
Additions |
|
Transfer to ownership | (59,079 | ) |
At 31 October 2017 |
|
DEPRECIATION |
At 1 November 2016 |
|
Charge for year |
|
Transfer to ownership | (37,339 | ) |
At 31 October 2017 |
|
NET BOOK VALUE |
At 31 October 2017 |
|
At 31 October 2016 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts (see
note 9) |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts (see
note 9) |
|
|
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
|
9. | LEASING AGREEMENTS |
|
Minimum lease payments fall due as follows: |
|
Hire purchase |
contracts |
2017 | 2016 |
£ | £ |
Gross obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Finance charges repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Net obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
Non-cancellable |
operating leases |
2017 | 2016 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
10. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 150,718 | 150,718 |
|
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
12. | RELATED PARTY DISCLOSURES |
|
In the year the company paid to its parent company Design & Management (Holdings) |
Limited Dividends of £27,000 (2016: Nil) and Administration fees of £30,000 (2016: |
£30,000). |
At the year end the company was owed £252,241 (2016: £329,241) by the Holding |
Company. |
|
13. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
|
In common with many other businesses of our size and nature we use our auditors to |
prepare and submit returns to the tax authorities and assist with the preparation |
of the financial statements. |
Design & Management Air Conditioning |
& Mechanical Services Limited (Registered number: 02905807) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
|
14. | POST BALANCE SHEET EVENTS |
|
A new fixed and floating charge over the assets of the company, in respect of a |
loan facility, was registered to the parent company Design & Management (Holdings) |
Limited on 29th January 2018. |
|
15. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|