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 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

S Toon

REGISTERED OFFICE:

17 Andrews Way

Aylesbury

Buckinghamshire

HP19 8WA

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

-

-

Tangible assets

5

1,610

1,184

1,610

1,184

CURRENT ASSETS

Stocks

2,000

2,500

Debtors

6

31,343

55,835

Cash at bank and in hand

29,854

44,172

63,197

102,507

CREDITORS

Amounts falling due within one year

7

(58,690

)

(96,230

)

NET CURRENT ASSETS

4,507

6,277

TOTAL ASSETS LESS CURRENT LIABILITIES

6,117

7,461

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

5,917

7,261

SHAREHOLDERS' FUNDS

6,117

7,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2020 and were signed by:

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.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation assets and liabilities are not discounted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

10,000

AMORTISATION

At 1 April 2019

and 31 March 2020

10,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2019

3,000

1,000

7,713

11,713

Additions

-

-

1,266

1,266

At 31 March 2020

3,000

1,000

8,979

12,979

DEPRECIATION

At 1 April 2019

2,288

763

7,478

10,529

Charge for year

178

59

603

840

At 31 March 2020

2,466

822

8,081

11,369

NET BOOK VALUE

At 31 March 2020

534

178

898

1,610

At 31 March 2019

712

237

235

1,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade debtors

25,636

54,060

Other debtors

5,707

1,775

31,343

55,835

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade creditors

41,231

66,427

Taxation and social security

8,950

10,729

Other creditors

8,509

19,074

58,690

96,230