Data Comms Direct Limited - Period Ending 2015-08-31

Registration number: 04465908

Data Comms Direct Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Data Comms Direct Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Data Comms Direct Limited
(Registration number: 04465908)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					30,896			40,908
Current assets
Stocks					45,000			45,000
Debtors					140,114			82,856
Cash at bank and in hand					107,849			117,777
					292,963			245,633
Creditors: Amounts falling due within one year		3			(133,966)			(132,409)
Net current assets					158,997			113,224
Total assets less current liabilities					189,893			154,132
Creditors: Amounts falling due after more than one year					-			(2,941)
Provisions for liabilities					(3,462)			(4,375)
Net assets					186,431			146,816
Capital and reserves
Called up share capital		4			120			120
Profit and loss account					186,311			146,696
Shareholders' funds					186,431			146,816

Page 1

Data Comms Direct Limited
(Registration number: 04465908)
Abbreviated Balance Sheet at 31 August 2015

For the year ending 31 August 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 director acknowledges his 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 director on 16 May 2016

J D Moss Director

Page 2

Data Comms Direct Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 August 2015

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 chargeable, net of value added tax, in respect of the sale of goods and 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
Land and buildings	Over the remaining length of the lease
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Data Comms Direct Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 August 2015

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		79,402			79,402
At 31 August 2015		79,402			79,402
Depreciation
At 1 September 2014		38,494			38,494
Charge for the year		10,012			10,012
At 31 August 2015		48,506			48,506
Net book value
At 31 August 2015		30,896			30,896
At 31 August 2014		40,908			40,908

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		2,940			3,308
Amounts falling due after more than one year		-			2,941
Total secured creditors		2,940			6,249

Page 4

Data Comms Direct Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 August 2015

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £1 each		100			100			100			100
Ordinary B shares of £0.10 each		100			10			100			10
Ordinary C shares of £0.10 each		100			10			100			10
		300			120			300			120

Page 5