Puzzle Digest Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08820668 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Puzzle Digest Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Hatchett

A R Yendle

REGISTERED OFFICE:

Stephenson House

Richard Street

Hetton-Le-Hole

Tyne and Wear

DH5 9HW

REGISTERED NUMBER:

08820668 (England and Wales)

ACCOUNTANTS:

Pullan Barnes

Chartered Accountants

Stephenson House

Richard Street

Hetton-le-Hole

Tyne and Wear

DH5 9HW

FIXED ASSETS

Tangible assets

2

9,182

1,170

Investments

3

2

2

9,184

1,172

CURRENT ASSETS

Debtors

24,751

28,939

Cash at bank

14,825

7,342

39,576

36,281

CREDITORS

Amounts falling due within one year

41,019

26,934

NET CURRENT (LIABILITIES)/ASSETS

(1,443

)

9,347

TOTAL ASSETS LESS CURRENT LIABILITIES

7,741

10,519

PROVISIONS FOR LIABILITIES

1,799

234

NET ASSETS

5,942

10,285

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

5,940

10,283

SHAREHOLDERS' FUNDS

5,942

10,285

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 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 23 November 2016 and were signed on its behalf by:

A R Yendle - 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).

Preparation of consolidated financial statements

The financial statements contain information about Puzzle Digest Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the

Companies Act 2006 not to prepare consolidated financial statements.

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 etc

-

50% on cost and 33% on reducing balance

Deferred tax

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

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 April 2015

2,100

Additions

13,999

At 31 March 2016

16,099

DEPRECIATION

At 1 April 2015

930

Charge for year

5,987

At 31 March 2016

6,917

NET BOOK VALUE

At 31 March 2016

9,182

At 31 March 2015

1,170

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

2

NET BOOK VALUE

At 31 March 2016

2

At 31 March 2015

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Response Gaming Limited

Nature of business: Competitions

%

Class of shares:

holding

Ordinary

100.00

31.3.16

31.3.15

£

£

Aggregate capital and reserves

(11,708

)

3,996

(Loss)/profit for the year/period

(15,504

)

12,639

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary Shares

£1

2

2