Abbreviated Company Accounts - DIGITAL OPPORTUNITY TRUST LTD
Abbreviated Company Accounts - DIGITAL OPPORTUNITY TRUST LTD
Registered Number 08155120
DIGITAL OPPORTUNITY TRUST LTD
Abbreviated Accounts
31 July 2015
DIGITAL OPPORTUNITY TRUST LTD Registered Number 08155120
Abbreviated Balance Sheet as at 31 July 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand |
|
|
|
|
|
|
||
| Creditors: amounts falling due within one year |
( |
( |
|
| Net current assets (liabilities) |
|
|
|
| Total assets less current liabilities |
|
|
|
| Total net assets (liabilities) |
|
|
|
| Reserves | |||
| Income and expenditure account |
|
|
|
| Members' funds |
|
|
|
For the year ending 31 July 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 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
And signed on their behalf by:
DIGITAL OPPORTUNITY TRUST LTD Registered Number 08155120
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2001, Financial Reporting Standards for Smaller Entities 2008 and the Companies Act 2006.
Other accounting policies
Grants in respect of capital expenditure are released to the statement of financial activities by equal instalments over the expected useful lives of the relevant assets. Grants towards revenue expenditure are also released to the profit and loss account when related expenditure is incurred.
Resources expended
Governance costs are those costs associated with maintaining the governance of the charity as opposed to the management of the charity's activities.
Accumulated funds
Restricted funds are those where a restriction on their use has been imposed by their donors.
Designated funds are also unrestricted funds, but represent funds set aside for a specific purpose by the trustees.
2Company limited by guarantee