Registration number:
DML Commercials Limited
for the Period from 15 February 2018 to 28 February 2019
10 Scandia-Hus Business Park
Felcourt Road
East Grinstead
West Sussex
RH19 2LP
DML Commercials Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
DML Commercials Limited
Company Information
Director |
Mr D Lynn |
Registered office |
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Accountants |
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Page 1 |
DML Commercials Limited
(Registration number: 11208790)
Balance Sheet as at 28 February 2019
Note |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Page 2 |
DML Commercials Limited
Notes to the Financial Statements for the Period from 15 February 2018 to 28 February 2019
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
20% Straight line |
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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DML Commercials Limited
Notes to the Financial Statements for the Period from 15 February 2018 to 28 February 2019
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Motor vehicles |
Total |
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Cost or valuation |
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Additions |
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At 28 February 2019 |
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Depreciation |
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Charge for the period |
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At 28 February 2019 |
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Carrying amount |
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At 28 February 2019 |
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Debtors |
2019 |
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Trade debtors |
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Creditors |
Creditors: amounts falling due within one year
2019 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Page 4 |