Accounts filed on 31-03-2016


Registered number: 05406762






Kloc Digital Solutions Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016
























Prepared By:
Michael Robins Limited
Maple Suite
10-12 High Street
Hungerford
Berkshire
RG17 0DN


Kloc Digital Solutions Limited


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05406762


Registered Number: 05406762

BALANCE SHEET AT 31 MARCH 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		2,985		4,079

CURRENT ASSETS
Debtors (amounts falling due within one year)		122,392		101,373
Cash at bank and in hand		6		8,268
		122,398		109,641
CREDITORS: Amounts falling due within one year		79,453		74,765
NET CURRENT ASSETS			42,945		34,876
TOTAL ASSETS LESS CURRENT LIABILITIES			45,930		38,955


CREDITORS: Amounts falling due after more than one year	3		24,947		22,410


PROVISIONS FOR LIABILITIES			597		816

NET ASSETS			20,386		15,729

CAPITAL AND RESERVES

Called up share capital	4		100		100
Profit and loss account			20,286		15,629
SHAREHOLDERS' FUNDS			20,386		15,729

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 13 December 2016 and signed on their behalf by




Mr J Parsons
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		straight line 20%
Equipment		straight line 33%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
For sale and leaseback agreements the commercial substance of the leaseback is taken into account when deciding on the correct accounting treatment For sale and leaseback agreements which are of a rental nature ("operating leases") any profit or loss on disposal is recognised immediately in the profit and loss account.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.




1h. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	11,947	22,410
Other creditors	13,000	-
	24,947	22,410




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
76 Class Ordinary shares of £1 each	76	76
24 Class Ordinary A shares of £1 each	24	24
	100	100