Digital Aerials & Satellites Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04432652 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Digital Aerials & Satellites Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Knight

REGISTERED OFFICE:

Mountain Ash 79 Long Lane

Tilehurst

Reading

Berkshire

RG31 6YN

REGISTERED NUMBER:

04432652 (England and Wales)

ACCOUNTANTS:

Certax Accounting

Chartered Accountants

850 Oxford Road

Reading

UK

RG30 1EL

FIXED ASSETS

Tangible assets

2

5,798

7,732

CURRENT ASSETS

Stocks

4,500

2,450

Debtors

239

6,450

Cash at bank

43,523

30,283

48,262

39,183

CREDITORS

Amounts falling due within one year

17,394

13,989

NET CURRENT ASSETS

30,868

25,194

TOTAL ASSETS LESS CURRENT LIABILITIES

36,666

32,926

CREDITORS

Amounts falling due after more than one year

-

(2,422

)

PROVISIONS FOR LIABILITIES

(1,160

)

(1,350

)

NET ASSETS

35,506

29,154

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

35,406

29,054

SHAREHOLDERS' FUNDS

35,506

29,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 22 September 2014 and were signed by:

S Knight - 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 April 2008).

Turnover

Turnover represents the value, net of value added tax and discounts of goods provided to customers and work

carried out in respect of services provided to customers.

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

24,443

DEPRECIATION

At 1 August 2013

16,711

Charge for year

1,934

At 31 July 2014

18,645

NET BOOK VALUE

At 31 July 2014

5,798

At 31 July 2013

7,732

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

1

100

100