DGPS4U Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC281688 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

DGPS4U Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Sugden

SECRETARY:

Mrs V Sugden

REGISTERED OFFICE:

Emmerdale

Peelbog

Lumphanan

Banchory

AB31 4QE

REGISTERED NUMBER:

SC281688 (Scotland)

ACCOUNTANTS:

SBP

Accountants

49 Carden Place

Aberdeen

AB10 1UN

FIXED ASSETS

Tangible assets

2

6,606

2,067

CURRENT ASSETS

Stocks

31,329

33,331

Debtors

35,189

155,866

Cash at bank

33,925

10,752

100,443

199,949

CREDITORS

Amounts falling due within one year

30,160

114,639

NET CURRENT ASSETS

70,283

85,310

TOTAL ASSETS LESS CURRENT LIABILITIES

76,889

87,377

CAPITAL AND RESERVES

Called up share capital

3

10

1

Profit and loss account

76,879

87,376

SHAREHOLDERS' FUNDS

76,889

87,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 director on 29 December 2015 and were signed by:

J Sugden - 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.

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

-

20% on cost

Computer equipment

-

25% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

13,150

Additions

7,342

At 31 March 2015

20,492

DEPRECIATION

At 1 April 2014

11,083

Charge for year

2,803

At 31 March 2015

13,886

NET BOOK VALUE

At 31 March 2015

6,606

At 31 March 2014

2,067

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

10

Ordinary

£1

10

1

9 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

J Sugden

Balance outstanding at start of year

(6,594

)

(308

)

Amounts advanced

(6,480

)

(6,857

)

Amounts repaid

6,644

571

Balance outstanding at end of year

(6,430

)

(6,594

)