Digital Tachograph Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07733228 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 August 2020

for

Digital Tachograph Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Khan

REGISTERED OFFICE:

Unit 11, Arrow Industrial Estate

Eelmoor Road

Farnborough

GU14 7QH

REGISTERED NUMBER:

07733228 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,206

17,717

32,206

17,717

CURRENT ASSETS

Stocks

7,346

6,160

Debtors

6

93,124

99,876

Cash at bank

199,904

114,384

300,374

220,420

CREDITORS

Amounts falling due within one year

7

108,012

107,097

NET CURRENT ASSETS

192,362

113,323

TOTAL ASSETS LESS CURRENT LIABILITIES

224,568

131,040

CREDITORS

Amounts falling due after more than one year

8

14,758

-

NET ASSETS

209,810

131,040

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

209,808

131,038

SHAREHOLDERS' FUNDS

209,810

131,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 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 director and authorised for issue on 7 December 2020 and were signed by:

K Khan - Director

1.	STATUTORY INFORMATION

Digital Tachograph Centre Limited 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 goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and 10% 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.

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.

Deferred tax

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

sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2019

and 31 August 2020

125,000

AMORTISATION

At 1 September 2019

and 31 August 2020

125,000

NET BOOK VALUE

At 31 August 2020

-

At 31 August 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2019

4,682

89,563

94,245

Additions

-

34,822

34,822

Disposals

-

(23,265

)

(23,265

)

At 31 August 2020

4,682

101,120

105,802

DEPRECIATION

At 1 September 2019

4,682

71,846

76,528

Charge for year

-

14,516

14,516

Eliminated on disposal

-

(17,448

)

(17,448

)

At 31 August 2020

4,682

68,914

73,596

NET BOOK VALUE

At 31 August 2020

-

32,206

32,206

At 31 August 2019

-

17,717

17,717

Included in motor vehicles are assets held under hire purchase contracts with a net book value of £21,534

((2019: £5,817).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

70,932

85,184

Other debtors

11,528

11,990

Prepayments and accrued income

10,664

2,702

93,124

99,876

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans and overdrafts

20,537

12,260

Hire purchase contracts

5,763

7,413

Trade creditors

27,918

26,270

Corporation tax

34,167

22,010

Social security and other taxes

13,804

23,489

Other creditors

4,297

4,134

Directors' current accounts

26

-

Accrued expenses

1,500

11,521

108,012

107,097

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Hire purchase contracts

14,758

-