DPT-Online Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07632121 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

DPT-ONLINE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M J Smith

REGISTERED OFFICE:

Suite 13, The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

REGISTERED NUMBER:

07632121 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

Suite 13, The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

2

5,347

7,696

CURRENT ASSETS

Stocks

25,000

42,000

Debtors

172,275

117,256

Cash in hand

143

139

197,418

159,395

CREDITORS

Amounts falling due within one year

205,910

159,762

NET CURRENT LIABILITIES

(8,492

)

(367

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,145

)

7,329

PROVISIONS FOR LIABILITIES

1,069

1,539

NET (LIABILITIES)/ASSETS

(4,214

)

5,790

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(4,215

)

5,789

SHAREHOLDERS' FUNDS

(4,214

)

5,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 April 2015 and were signed by:

M J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Web site

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

11,370

DEPRECIATION

At 1 June 2013

3,674

Charge for year

2,349

At 31 May 2014

6,023

NET BOOK VALUE

At 31 May 2014

5,347

At 31 May 2013

7,696

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1.00

1

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Smith.