Company Registration No. 03596237 (England and Wales)
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
533,738
408,574
Current assets
Debtors
374,798
685,352
Cash at bank and in hand
31,627
28,698
406,425
714,050
Creditors: amounts falling due within one year
(412,503)
(647,776)
Net current liabilities/(assets)
(6,078)
66,274
Total assets less current liabilities
527,660
474,848
Creditors: amounts falling due after more than one year
3
(201,671)
(154,892)
Provisions for liabilities
(4,786)
(604)
321,203
319,352
Capital and reserves
Called up share capital
4
1,000
1,000
Revaluation reserve
312,299
266,353
Profit and loss account
7,904
51,999
Shareholders' funds
321,203
319,352
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2016
30 April 2016
- 2 -
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 January 2017
Mr M. E. Greatwood
Mrs J. Greatwood
Director
Director
Company Registration No. 03596237
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents net invoiced sales of services and rental income which is recognised as the right to consideration accrues, excluding value added tax.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance basis
Computer equipment
33% straight line basis
Fixtures, fittings & equipment
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Investment properties are included in the balance sheet at their open market value which is determined by the directors in accordance with SSAP 19. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.4
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
1.5
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.7
The company passed a special resolution on 19th June 2015 changing it’s name from SGG Sunsmile Ltd to Thedmp Consultancy Ltd
THEDMP CONSULTANCY LTD
PREVIOUSLY KNOWN AS SGG SUNSMILE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2015
427,076
Additions
85,490
Revaluation
45,946
At 30 April 2016
558,512
Depreciation
At 1 May 2015
18,503
Charge for the year
6,271
At 30 April 2016
24,774
Net book value
At 30 April 2016
533,738
At 30 April 2015
408,574
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £154,892 (2015 - £154,892).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000