GALAXY DATACOMS LIMITED Small abbreviated accounts

GALAXY DATACOMS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 07365114

GALAXY DATACOMS LIMITED

ABBREVIATED ACCOUNTS

30 September 2015

BERNARD ATKINS

Chartered Accountants

205 Wells Road

Knowle

Bristol

BS4 2DF

GALAXY DATACOMS LIMITED

ABBREVIATED BALANCE SHEET

30 September 2015

	2015	2014
Note	£	£	£
FIXED ASSETS	2
Tangible assets		2,557	2,119
		-------	-------

CURRENT ASSETS

Debtors	43,395		22,563
Cash at bank and in hand	-		14,139
	---------		---------
	43,395		36,702
CREDITORS: Amounts falling due within one year	43,087		23,370
	---------		---------
NET CURRENT ASSETS		308	13,332
		-------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,865	15,451
		-------	---------

CAPITAL AND RESERVES

Called up equity share capital	4		100	100
Profit and loss account		2,765	15,351
		-------	---------
SHAREHOLDERS' FUNDS		2,865	15,451
		-------	---------

For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 25 April 2016 .

T I MARKS

Company Registration Number: 07365114

GALAXY DATACOMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 SEPTEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-20% straight line per annum

Motor Vehicles-25% straight line per annum

Equipment-20% straight line per annum

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 October 2014	9,415
Additions	1,899
	---------
At 30 September 2015	11,314
	---------

DEPRECIATION

At 1 October 2014	7,296
Charge for year	1,461
	-------
At 30 September 2015	8,757
	-------

NET BOOK VALUE

At 30 September 2015	2,557
	-------

At 30 September 2014	2,119
	-------

3. RELATED PARTY TRANSACTIONS

The company was under the control of Mr T I Marks throughout the current period. Mr Marks is the only shareholder . No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

4. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----