Datasystems (Midlands) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06511006 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Datasystems (Midlands) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Guy

SECRETARY:

M Cooper

REGISTERED OFFICE:

St Thomas House

83 Wolverhampton Road

Cannock

Staffordshire

WS11 1AR

REGISTERED NUMBER:

06511006 (England and Wales)

ACCOUNTANTS:

CJM Associates

St Thomas House

83 Wolverhampton Road

Cannock

Staffordshire

WS11 1AR

FIXED ASSETS

Intangible assets

2

7,000

10,500

Tangible assets

3

1,831

1,924

8,831

12,424

CURRENT ASSETS

Debtors

23,959

18,018

Cash at bank

4,904

29,475

28,863

47,493

CREDITORS

Amounts falling due within one year

22,743

46,880

NET CURRENT ASSETS

6,120

613

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,951

13,037

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

14,851

12,937

SHAREHOLDERS' FUNDS

14,951

13,037

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 30 September 2016 and were signed by:

N Guy - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

35,000

AMORTISATION

At 1 April 2015

24,500

Amortisation for year

3,500

At 31 March 2016

28,000

NET BOOK VALUE

At 31 March 2016

7,000

At 31 March 2015

10,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

3,042

Additions

517

At 31 March 2016

3,559

DEPRECIATION

At 1 April 2015

1,118

Charge for year

610

At 31 March 2016

1,728

NET BOOK VALUE

At 31 March 2016

1,831

At 31 March 2015

1,924

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100