GoGoDigital Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06819772 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

GOGODIGITAL LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

DIRECTORS:

Mr M Dixon

Mrs A J Neal

REGISTERED OFFICE:

119-120 Victory House

Somers Road North

Portsmouth

Hampshire

PO1 1PJ

REGISTERED NUMBER:

06819772 (England and Wales)

ACCOUNTANTS:

C J Petty Limited

Chestnut House

High Offley Road

Woodseaves

Stafford

Staffordshire

ST20 0LG

FIXED ASSETS

Tangible assets

2

5,456

3,303

CURRENT ASSETS

Stocks

54,641

61,185

Debtors

8,040

10,805

Cash at bank and in hand

44,613

-

107,294

71,990

CREDITORS

Amounts falling due within one year

90,744

72,786

NET CURRENT ASSETS/(LIABILITIES)

16,550

(796

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,006

2,507

PROVISIONS FOR LIABILITIES

1,091

660

NET ASSETS

20,915

1,847

CAPITAL AND RESERVES

Called up share capital

3

40

Capital redemption reserve

80

Profit and loss account

20,795

1,727

SHAREHOLDERS' FUNDS

20,915

1,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 May 2016 and were signed on its behalf by:

Mr M Dixon - 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, 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.

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 2015

8,867

Additions

4,009

At 31 March 2016

12,876

DEPRECIATION

At 1 April 2015

5,564

Charge for year

1,856

At 31 March 2016

7,420

NET BOOK VALUE

At 31 March 2016

5,456

At 31 March 2015

3,303

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

40

Ordinary

£1

40