Discrete Time Communications (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04389630 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st May 2016

for

Discrete Time Communications (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J L Taylor

Mrs S Taylor

J R Bann

SECRETARY:

Peakco Limited

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

04389630 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

Registered Auditors

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

2

615,183

615,187

CURRENT ASSETS

Debtors

11,469

35,327

Cash at bank

520,006

389,046

531,475

424,373

CREDITORS

Amounts falling due within one year

29,897

20,794

NET CURRENT ASSETS

501,578

403,579

TOTAL ASSETS LESS CURRENT LIABILITIES

1,116,761

1,018,766

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,116,661

1,018,666

SHAREHOLDERS' FUNDS

1,116,761

1,018,766

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 13th October 2016 and were signed on its behalf by:

Mrs S Taylor - 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.

Computer equipment

-

33% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

619,020

DEPRECIATION

At 1st June 2015

3,833

Charge for year

4

At 31st May 2016

3,837

NET BOOK VALUE

At 31st May 2016

615,183

At 31st May 2015

615,187

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary

£1

100

100