Digital Daffodil Ltd - Abbreviated accounts 16.3
Digital Daffodil Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
| for |
| Digital Daffodil Ltd |
| Digital Daffodil Ltd (Registered number: 05781250) |
| 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 |
| Digital Daffodil Ltd |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Digital Daffodil Ltd (Registered number: 05781250) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) |
| 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. |
| Digital Daffodil Ltd (Registered number: 05781250) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Digital Daffodil Ltd (Registered number: 05781250) |
| 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 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. |
| 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. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | RELATED PARTY DISCLOSURES |
| August International Limited |
| 100% of the share capital is owned by August International Ltd |
| During the year, the company was charged £6,810,650 (2015: £6,314,678) by August International |
| Limited for the supply of goods and services. The company received £nil (2015: £295,000) as Bulk |
| order discount from August International Limited. |
| Also during the year, the company paid dividends of £Nil (2015: £235,000) to August International |
| Limited. |
| 2016 | 2015 |
| £ | £ |
| Amount due to related party at the balance sheet date |