DMLINK LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06935829 (England and Wales)

DMLINK LTD

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

H D Williams

S Toon

REGISTERED OFFICE:

30 St Margarets Close

Berkhamsted

Hertfordshire

HP4 2LH

REGISTERED NUMBER:

06935829 (England and Wales)

ACCOUNTANTS:

Clarkson Cleaver & Bowes Ltd

8a Wingbury Courtyard

Business Village

Wingrave

Buckinghamshire

HP22 4LW

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

1,184

1,697

1,184

3,697

CURRENT ASSETS

Stocks

2,500

2,200

Debtors

6

55,835

63,868

Cash at bank and in hand

44,172

32,057

102,507

98,125

CREDITORS

Amounts falling due within one year

7

(96,230

)

(97,381

)

NET CURRENT ASSETS

6,277

744

TOTAL ASSETS LESS CURRENT LIABILITIES

7,461

4,441

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

7,261

4,241

SHAREHOLDERS' FUNDS

7,461

4,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 16 September 2019 and were signed on its behalf by:

H D Williams - Director

S Toon - Director

1.	STATUTORY INFORMATION

DMLINK 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33.33% straight line

Stocks

Stock is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

10,000

AMORTISATION

At 1 April 2018

8,000

Charge for year

2,000

At 31 March 2019

10,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

2,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2018

3,000

1,000

7,580

11,580

Additions

-

-

133

133

At 31 March 2019

3,000

1,000

7,713

11,713

DEPRECIATION

At 1 April 2018

2,051

684

7,148

9,883

Charge for year

237

79

330

646

At 31 March 2019

2,288

763

7,478

10,529

NET BOOK VALUE

At 31 March 2019

712

237

235

1,184

At 31 March 2018

949

316

432

1,697

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade debtors

54,060

60,889

Other debtors

1,775

2,979

55,835

63,868

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade creditors

66,427

74,076

Taxation and social security

10,729

9,265

Other creditors

19,074

14,040

96,230

97,381

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances of £996 (2018; £0.00) were made available to the directors.

At the year end the total amount owed by the directors stood at £996 (2018: £0.00).

This loan has been repaid in full following the year end.