D. G. Controls Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00911313 (England and Wales)

Abbreviated Accounts For The Year Ended 31 August 2014

for

D. G. CONTROLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W E J Whiten ACMA CGMA

Mrs W R Whiten

SECRETARY:

Mrs W R Whiten

REGISTERED OFFICE:

Cadley Hill Road

Swadlincote

Derbyshire

DE11 9TB

REGISTERED NUMBER:

00911313 (England and Wales)

ACCOUNTANTS:

Peach & Co.

Chartered Accountants

115 Byrkley Street

Burton on Trent

Staffordshire

DE14 2EG

SOLICITORS:

Edwards Geldard Solicitors

One Pride Place

Pride Park

Derby

DE24 8QR

FIXED ASSETS

Intangible assets

2

1,170

1,333

Tangible assets

3

70,934

89,244

72,104

90,577

CURRENT ASSETS

Stocks

248,556

220,175

Debtors

88,103

118,679

Cash at bank and in hand

58,943

106,065

395,602

444,919

CREDITORS

Amounts falling due within one year

91,813

36,860

NET CURRENT ASSETS

303,789

408,059

TOTAL ASSETS LESS CURRENT LIABILITIES

375,893

498,636

CREDITORS

Amounts falling due after more than one year

(70,000

)

-

PROVISIONS FOR LIABILITIES

(7,429

)

(10,088

)

NET ASSETS

298,464

488,548

CAPITAL AND RESERVES

Called up share capital

4

50,000

50,000

Profit and loss account

248,464

438,548

SHAREHOLDERS' FUNDS

298,464

488,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 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 Board of Directors on 27 May 2015 and were signed on its behalf by:

W E J Whiten ACMA CGMA - 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.

Trade marks

The amount paid to obtain and register trade marks will be amortised evenly over the trade marks life

of ten years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Tooling

-

20% on cost

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in-first-out method, and consists of material and direct labour costs,

together with an appropriate proportion of attributable overheads.

Deferred tax

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

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

1,626

AMORTISATION

At 1 September 2013

293

Amortisation for year

163

At 31 August 2014

456

NET BOOK VALUE

At 31 August 2014

1,170

At 31 August 2013

1,333

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

746,787

Additions

2,406

At 31 August 2014

749,193

DEPRECIATION

At 1 September 2013

657,543

Charge for year

20,716

At 31 August 2014

678,259

NET BOOK VALUE

At 31 August 2014

70,934

At 31 August 2013

89,244

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50,000

Ordinary

£1

50,000

50,000

5.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Saltation Limited, a company registered in England and

Wales (company no. 4761640).

Saltation Limited is controlled by Mr W E J Whiten and Mrs W R Whiten, the directors of D G Controls

Limited.

6.	RELATED PARTY DISCLOSURES

During the year, the company was loaned £15,000 by its parent company Saltation Limited. At 31

August 2014 the company owed £19,379 (2013: £5,899) to Saltation Limited.

During the year the company paid dividends totalling £70,550 (2013: £79,900) to Saltation Limited.

During the year, the company was also loaned £105,000 by its directors, Mr & Mrs Whiten. No

repayments had been made by 31 August 2014. This loan is interest free and repayable over three

years.