Darkmast Systems Limited - Period Ending 2015-09-30

Registration number: 03612851

Darkmast Systems Limited

Unaudited Abbreviated Accounts

for the Period from 1 April 2014 to 30 September 2015

 

Broderick & Leslie
Chartered Certified Accountants
3 Railway Court
Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

Darkmast Systems Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Darkmast Systems Limited
for the Period Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Darkmast Systems Limited for the period ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Darkmast Systems Limited, as a body, in accordance with the terms of our engagement letterdated 4 January 2010. Our work has been undertaken solely to prepare for your approval the accounts of Darkmast Systems Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Darkmast Systems Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Darkmast Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Darkmast Systems Limited. You consider that Darkmast Systems Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Darkmast Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Broderick & Leslie
Chartered Certified Accountants
3 Railway Court
Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

28 July 2016

Page 1

Darkmast Systems Limited
(Registration number: 03612851)
Abbreviated Balance Sheet at 30 September 2015

		Note			30 September 2015						31 March 2014 £
	£			£
Fixed assets
Tangible fixed assets								905			1,207
Current assets
Debtors					179						14,291
Cash at bank and in hand					15,653						8,629
					15,832						22,920
Creditors: Amounts falling due within one year					(15,943)						(19,714)
Net current (liabilities)/assets								(111)			3,206
Net assets								794			4,413
Capital and reserves
Called up share capital		3			6						6
Profit and loss account					788						4,407
Shareholders' funds								794			4,413

For the year ending 30 September 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 27 July 2016 and signed on its behalf by:

......................................... Mr M Smith Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Darkmast Systems Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 September 2015
......... continued

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).

Going concern

The financial statements have been prepared on a going concern basis.

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
Fixtures and fittings	25% reducing balance method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are represented in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Darkmast Systems Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		9,816			9,816
At 30 September 2015		9,816			9,816
Depreciation
At 1 April 2014		8,609			8,609
Charge for the period		302			302
At 30 September 2015		8,911			8,911
Net book value
At 30 September 2015		905			905
At 31 March 2014		1,207			1,207

3	Share capital

Allotted, called up and fully paid shares

	30 September 2015						31 March 2014
		No.			£			No.			£
Ordinary shares of £1 each		6			6			6			6

4	Related party transactions

Directors' advances and credits

	1 April 2014 to 30 September 2015 Advance/ Credit £	1 April 2014 to 30 September 2015 Repaid £	Year ended 31 March 2014 Advance/ Credit £	Year ended 31 March 2014 Repaid £
Mr M Smith
Directors loan account	(165)	(5,051)	(5,216)	(12,922)

Page 4