Datem Ltd - Abbreviated accounts 16.1

Datem Ltd - Abbreviated accounts 16.1

DATEM LTD - Company Information

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REGISTERED NUMBER: 04640927 (England and Wales)






















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Datem Ltd

Datem Ltd (Registered number: 04640927)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Datem Ltd

Company Information
for the Year Ended 31 December 2015







DIRECTORS: D Bashford
M Steggar
G Shaw





REGISTERED OFFICE: Woodbridge Road Industrial Estate
Sleaford
Lincolnshire
NG34 7EW





REGISTERED NUMBER: 04640927 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ
Page 1
Datem Ltd (Registered number: 04640927)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 91,605 123,200
91,605 123,200

CURRENT ASSETS
Stocks 335,000 300,000
Debtors 146,982 277,229
Cash at bank and in hand 142,783 44,224
624,765 621,453
CREDITORS
Amounts falling due within one year 148,995 113,613
NET CURRENT ASSETS 475,770 507,840
TOTAL ASSETS LESS CURRENT
LIABILITIES
567,375
631,040

CREDITORS
Amounts falling due after more than one
year
(16,707
)
(20,160
)

PROVISIONS FOR LIABILITIES (11,748 ) (16,625 )
NET ASSETS 538,920 594,255

CAPITAL AND RESERVES
Called up share capital 4 60 60
Capital redemption reserve 40 40
Profit and loss account 538,820 594,155
SHAREHOLDERS' FUNDS 538,920 594,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
Datem Ltd (Registered number: 04640927)

Abbreviated Balance Sheet - continued
31 December 2015


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 30 September 2016 and were signed on its behalf
by:




D Bashford - Director



M Steggar - Director


The notes form part of these abbreviated accounts

Page 3
Datem Ltd (Registered number: 04640927)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% Straight line

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Goodwill
Know-how, being the amount paid in connection with the acquisition of a business in 2004, is being amortised
over its estimated useful life at 25% per annum on reducing balance.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 84,000
AMORTISATION
At 1 January 2015
and 31 December 2015 84,000
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Page 4 continued...
Datem Ltd (Registered number: 04640927)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 266,703
DEPRECIATION
At 1 January 2015 143,503
Charge for year 31,595
At 31 December 2015 175,098
NET BOOK VALUE
At 31 December 2015 91,605
At 31 December 2014 123,200

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
60 Ordinary £1 60 60

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £93,000 were paid to the directors .

6. CONTROLLING PARTY

Mr D Bashford (director) and his wife together own 100% of the issued share capital and as a result control the
company.

Page 5