Digital Wildfire Limited - Period Ending 2015-03-31

Registration number: 08447721

Digital Wildfire Limited

Annual Report and Unaudited Abbreviated Accounts


for the Year Ended 31 March 2015
 

Digital Wildfire Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Digital Wildfire Limited
(Registration number: 08447721)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 March 2014 £
Fixed assets
Tangible fixed assets					326			-
Current assets
Debtors					4,726			3
Cash at bank and in hand					8,106			5,075
					12,832			5,078
Creditors: Amounts falling due within one year					(45,017)			(38,178)
Net current liabilities					(32,185)			(33,100)
Net liabilities					(31,859)			(33,100)
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					(31,862)			(33,103)
Shareholders' deficit					(31,859)			(33,100)

For the year ending 31 March 2015 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 notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Digital Wildfire Limited
(Registration number: 08447721)
Abbreviated Balance Sheet at 31 March 2015
......... continued

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 23 December 2015 and signed on its behalf by:

.........................................
Mr D L Batchelor
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Digital Wildfire Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Revenue recognition

Revenue is recognised when the company earns the right to consideration, in exchange for the performance of a contract.

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).

Going concern

The accounts have been prepared on a going concern basis. As at 31st March 2015 the company had net liabilities of £31,859, however the directors have confirmed that they will continue to support the business to meet its creditors as and when they fall due.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Computer equipment	33% on cost

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Digital Wildfire Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		487			487
At 31 March 2015		487			487
Depreciation
Charge for the year		161			161
At 31 March 2015		161			161
Net book value
At 31 March 2015		326			326

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 March 2014
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

4	Related party transactions

5

Control

The company is controlled by D L Batchelor by virtue of his ownership of 66.67% of the issued share capital.

Page 4