Digiplex Group Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07341018 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

DIGIPLEX GROUP SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Kitebrook Partners LLC

Mr C D E Oldham

REGISTERED OFFICE:

33 Tatton Street

Knutsford

WA16 6AE

REGISTERED NUMBER:

07341018 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LIMITED

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

9,497

24,193

CURRENT ASSETS

Debtors

5

580,133

230,807

Cash at bank

465,149

1,430,403

1,045,282

1,661,210

CREDITORS

Amounts falling due within one year

6

(354,193

)

(664,408

)

NET CURRENT ASSETS

691,089

996,802

TOTAL ASSETS LESS CURRENT LIABILITIES

700,586

1,020,995

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

690,586

1,010,995

SHAREHOLDERS' FUNDS

700,586

1,020,995

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

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 25th September 2019 and were signed on its behalf by:

Mr C D E Oldham - Director

1.	STATUTORY INFORMATION

Digiplex Group Services Limited is a private company limited by share capital, incorporated in England and

Wales, registration number 07341018. The address of the registered office and principal place of business is 33

Tatton Street, Knutsford, WA16 6AE.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

The following criteria must also be met before turnover is recognised:

-

the amount of turnover can be measured reliably;

-

it is probable that the company will receive the consideration due under the contract;

-

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated

impairment losses.

The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their

estimated useful lives, using the following methods:

Plant and machinery

25% reducing balance

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant

change since the last annual reporting date in the pattern by which the company expects to consume an asset's

future economic benefits.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account,

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Hire purchase and leasing commitments

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.

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade

and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent

to initial recognition they are measured at amortised cost using the effective interest method, less any

impairment losses in the case of trade debtors.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

82,741

Additions

4,820

Disposals

(61,310

)

At 31st December 2018

26,251

DEPRECIATION

At 1st January 2018

58,548

Charge for year

3,245

Eliminated on disposal

(45,039

)

At 31st December 2018

16,754

NET BOOK VALUE

At 31st December 2018

9,497

At 31st December 2017

24,193

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

547,635

208,317

Amounts owed by group undertakings

17,913

1,513

Other debtors

14,585

20,977

580,133

230,807

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

65,758

34,425

Taxation and social security

71,035

288,720

Other creditors

217,400

341,263

354,193

664,408

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100,000

Ordinary

0.10

10,000

10,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2018 and

31st December 2017:

2018

2017

£

£

Kitebrook Partners LLC

Balance outstanding at start of year

5,135

5,135

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,135

5,135