DIGITAL MOJO LIMITED Small abbreviated accounts

DIGITAL MOJO LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 06820496

DIGITAL MOJO LIMITED

ABBREVIATED ACCOUNTS

29 February 2016

BERNARD ATKINS

Chartered Accountants

205 Wells Road

Knowle

Bristol

BS4 2DF

DIGITAL MOJO LIMITED

ABBREVIATED BALANCE SHEET

29 February 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Tangible assets		2,702	3,750
		-------	-------

CURRENT ASSETS

Debtors	-		9,880
Cash at bank and in hand	52,584		73,251
	---------		---------
	52,584		83,131
CREDITORS: Amounts falling due within one year	4,443		23,093
	---------		---------
NET CURRENT ASSETS		48,141	60,038
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		50,843	63,788

PROVISIONS FOR LIABILITIES	480	690
	---------	---------
	50,363	63,098
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	4		1,000	1,000
Profit and loss account		49,363	62,098
		---------	---------
SHAREHOLDERS' FUNDS		50,363	63,098
		---------	---------

For the year ended 29 February 2016 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 19 July 2016 .

G S JACKSON

Company Registration Number: 06820496

DIGITAL MOJO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 29 FEBRUARY 2016

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 January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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-15% straight line per annum

Equipment-20% straight line per annum

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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 March 2015	9,757
Additions	155
	-------
At 29 February 2016	9,912
	-------

DEPRECIATION

At 1 March 2015	6,007
Charge for year	1,203
	-------
At 29 February 2016	7,210
	-------

NET BOOK VALUE

At 29 February 2016	2,702
	-------

At 28 February 2015	3,750
	-------

3. RELATED PARTY TRANSACTIONS

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

4. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
1,000 Ordinary shares of £ 1 each	1,000	1,000
	-------	-------

4. SHARE CAPITAL (continued)

Allotted, called up and fully paid:

2016	2015
No	£	No	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------