August International Ltd - Abbreviated accounts 16.3
August International Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
| for |
| August International Ltd |
| August International Ltd (Registered number: 05417630) |
| 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 | 4 |
| August International Ltd |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| August International Ltd (Registered number: 05417630) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| August International Ltd (Registered number: 05417630) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | 1,639,913 | 1,439,158 |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on its behalf by: |
| August International Ltd (Registered number: 05417630) |
| 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. |
| Financial reporting standard number 1 |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company |
| qualifies as a small company. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Going concern |
| After making enquiries the directors have a reasonable expectation that the company has adequate |
| resources to continue in operational existence for the foreseeable future. For this reason, they continue |
| to adopt the going concern basis in preparing the accounts. |
| The directors consider that no additional disclosures in respect of going concern are necessary for the |
| accounts to give a true and fair view. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
| is any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| August International Ltd (Registered number: 05417630) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 | 1 |
| Additions | 18,295 |
| At 31 March 2016 | 18,296 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| August International Ltd (Registered number: 05417630) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (20,805 | ) | 262 |
| (Loss)/profit for the year | (21,067 | ) | 201,191 |
| Country of incorporation: Germany |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| No financial information is available for the company at the balance sheet date. |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £0.092207 |
| 5. | RELATED PARTY DISCLOSURES |
| 2016 | 2015 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Directors |
| The director charged an interest of £4,195 (2015 : £19,671) on the loan provided to the company. |
| August International Ltd (Registered number: 05417630) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 5. | RELATED PARTY DISCLOSURES - continued |
| Digital Daffodil Limited |
| 100% owned subsidiary |
| During the year, the company charged £7,105,650 (2015: £6,314,678) to Digital Daffodil Limited for |
| supply of goods and services and received a loan of £350,000 (2015:£Nil) from Digital Daffodil |
| Limited. |
| Also during the year, the company received £Nil (2015:£235,000) from Digital Daffodil Limited as |
| dividends. |
| 2016 | 2015 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Daffodil Germany Gmbh |
| 100% owned subsidiary |
| During the year, the company charged £62,545 (2015: £Nil) to Daffodil Germany Gmbh for supply of |
| goods and services. |
| During the year, the company also made loan of £33,514 (2015:£Nil) to Daffodil Germany Gmbh. |
| 2016 | 2015 |
| £ | £ |
| Amount due from related party at the balance sheet date |