DIG Tube Manipulation and Fabrication - Abbreviated accounts 16.1

DIG Tube Manipulation and Fabrication - Abbreviated accounts 16.1

D.I.G. TUBE MANIPULATION & FABRICATION LIMITED - Company Information

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REGISTERED NUMBER: 02317274 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

DIG Tube Manipulation and Fabrication
Limited

DIG Tube Manipulation and Fabrication
Limited (Registered number: 02317274)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DIG Tube Manipulation and Fabrication
Limited

Company Information
for the Year Ended 31 January 2016







DIRECTOR: Mr D Millis





REGISTERED OFFICE: Unit 4 Wren Business Centre
Priory Road
Wrentham
Beccles
Suffolk
NR34 7LR





REGISTERED NUMBER: 02317274 (England and Wales)





ACCOUNTANTS: Finnigan & Co
37 Lower Brook Street
Ipswich
Suffolk
IP4 1AQ
Page 1
DIG Tube Manipulation and Fabrication
Limited (Registered number: 02317274)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 37,957 15,000

CURRENT ASSETS
Stocks 4,000 35,000
Debtors 43,987 31,653
Cash at bank 41,766 24,000
89,753 90,653
CREDITORS
Amounts falling due within one year 27,367 29,915
NET CURRENT ASSETS 62,386 60,738
TOTAL ASSETS LESS CURRENT
LIABILITIES
100,343
75,738

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 100,243 75,638
SHAREHOLDERS' FUNDS 100,343 75,738

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

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

The director acknowledges his 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 director on 26 August 2016 and were signed by:





Mr D Millis - Director


The notes form part of these abbreviated accounts

Page 2
DIG Tube Manipulation and Fabrication
Limited (Registered number: 02317274)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

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.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 15,000
Additions 28,500
At 31 January 2016 43,500
DEPRECIATION
Charge for year 5,543
At 31 January 2016 5,543
NET BOOK VALUE
At 31 January 2016 37,957
At 31 January 2015 15,000

Page 3 continued...
DIG Tube Manipulation and Fabrication
Limited (Registered number: 02317274)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

Page 4