D.G. Corporate Services Limited - Period Ending 2014-10-31

Registration number: 03444994

D.G. Corporate Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

D.G. Corporate Services Limited
Contents

Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

D.G. Corporate Services Limited
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			198			160
Current assets
Debtors					7,636			7,972
Cash at bank and in hand					1,000			3,285
					8,636			11,257
Creditors: Amounts falling due within one year					(1,670)			(5,968)
Net current assets					6,966			5,289
Total assets less current liabilities					7,164			5,449
Provisions for liabilities					(40)			(32)
Net assets					7,124			5,417
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					7,122			5,415
Shareholders' funds					7,124			5,417

For the year ended 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 June 2015 and signed on its behalf by:

......................................... Mr D N Gregory Director

Registration number: 03444994

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

D.G. Corporate Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts invoiced, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Software	3 years straight line
Computer equipment	3 years straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

D.G. Corporate Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		2,604			2,604
Additions		142			142
Disposals		(2,423)			(2,423)
At 31 October 2014		323			323
Depreciation
At 1 November 2013		2,444			2,444
Charge for the year		104			104
Eliminated on disposals		(2,423)			(2,423)
At 31 October 2014		125			125
Net book value
At 31 October 2014		198			198
At 31 October 2013		160			160

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3

D.G. Corporate Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014

4	Directors advances, credits and guarantees

During the year a director operated an overdrawn current account which constitutes an advance by the company. At 31 October 2014 an amount of £7,578 was due to the company by the director. The movements during the year were as follows:

		2014 £
Balance at 1 November 2013		226
Funds introduced		34,733
Dividends declared		-
Amounts withdrawn		(42,537)
Balance at 31 October 2014		(7,578)

The above advance was interest free, unsecured and has no fixed date for repayment.

Page 4