Polygon Digital Limited formerly known - Abbreviated accounts 16.3

Polygon Digital Limited formerly known - Abbreviated accounts 16.3

POLYGON DIGITAL LIMITED - Company Information

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REGISTERED NUMBER: 05149081 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

POLYGON DIGITAL LIMITED
FORMERLY KNOWN AS
PHOTOXPORT LIMITED

POLYGON DIGITAL LIMITED
FORMERLY KNOWN AS
PHOTOXPORT LIMITED (REGISTERED NUMBER: 05149081)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

POLYGON DIGITAL LIMITED
FORMERLY KNOWN AS
PHOTOXPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: D J Fieldhouse





SECRETARY: D J Fieldhouse





REGISTERED OFFICE: Interchange Business Park
Unit 41
Coal Cart Road
Birstall
Leicestershire
LE4 3BY





REGISTERED NUMBER: 05149081 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA
Page 1
POLYGON DIGITAL LIMITED
FORMERLY KNOWN AS
PHOTOXPORT LIMITED (REGISTERED NUMBER: 05149081)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 120,000 -

CURRENT ASSETS
Cash at bank 7,024 81,481

CREDITORS
Amounts falling due within one year 16,014 5,447
NET CURRENT (LIABILITIES)/ASSETS (8,990 ) 76,034
TOTAL ASSETS LESS CURRENT
LIABILITIES
111,010
76,034

CAPITAL AND RESERVES
Called up share capital 3 29,500 29,500
Profit and loss account 81,510 46,534
SHAREHOLDERS' FUNDS 111,010 76,034

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 November 2016 and were signed by:





D J Fieldhouse - Director


The notes form part of these abbreviated accounts

Page 2
POLYGON DIGITAL LIMITED
FORMERLY KNOWN AS
PHOTOXPORT LIMITED (REGISTERED NUMBER: 05149081)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

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.

2. INVESTMENT PROPERTY
Total
£   
COST
Additions 120,000
At 31 March 2016 120,000
NET BOOK VALUE
At 31 March 2016 120,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
29,500 Ordinary £1 29,500 29,500

Page 3