Datakom Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06367634 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

DATAKOM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D J Ball

SECRETARY:

REGISTERED OFFICE:

4 Old Field Road

Bocam Park

Pencoed

Bridgend

Vale of Glamorgan

CF35 5LJ

REGISTERED NUMBER:

06367634 (England and Wales)

ACCOUNTANTS:

Lewis Ballard Limited

Celtic House

Caxton Place

Pentwyn

Cardiff

South Glamorgan

CF23 8HA

FIXED ASSETS

Tangible assets

2

311,711

297,247

CURRENT ASSETS

Debtors

53,992

107,384

Cash at bank and in hand

1,040,962

302,731

1,094,954

410,115

CREDITORS

Amounts falling due within one year

3

(653,977

)

(182,094

)

NET CURRENT ASSETS

440,977

228,021

TOTAL ASSETS LESS CURRENT
LIABILITIES

752,688

525,268

CREDITORS

Amounts falling due after more than one
year

3

(192,602

)

(207,617

)

PROVISIONS FOR LIABILITIES

(7,518

)

(4,126

)

NET ASSETS

552,568

313,525

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

552,468

313,425

SHAREHOLDERS' FUNDS

552,568

313,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 18 March 2016 and were signed by:

D J Ball - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation :

Freehold Property - 2% Straight Line

Improvement to Property - 2% Straight Line

Plant and Equipment : 20% Straight Line

Motor Vehicles : 25% Straight Line

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's account. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax

rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they

will be recovered. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases and hire purchase agreements are capitalised and disclosed under tangible fixed

assets at their fair value. The capital element of the future payments is treated as a liability, and the interest

element is charged to the profit and loss account over the period of the lease at a constant proportion of the

outstanding balance of capital repayments.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

328,352

Additions

34,320

At 30 September 2015

362,672

DEPRECIATION

At 1 October 2014

31,105

Charge for year

19,856

At 30 September 2015

50,961

NET BOOK VALUE

At 30 September 2015

311,711

At 30 September 2014

297,247

3.

CREDITORS

Creditors include an amount of £ 208,861 (2014 - £ 222,619 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

132,570

147,609

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

The company voted £35,700 dividends to the director in the year (2014 : £34,170).

As at the balance sheet date the company owes the director £90 (2014 : £665).

The company made an interest free loan to an employee during the year amounting to £4,500 which was still

outstanding at the year-end. This is repayable on demand.