DGPS4U Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC281688 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

DGPS4U Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Sugden

SECRETARY:

Mrs V Sugden

REGISTERED OFFICE:

Emmerdale

Peelbog

Lumphanan

Banchory

AB31 4QE

REGISTERED NUMBER:

SC281688 (Scotland)

ACCOUNTANTS:

SBP

Accountants

49 Carden Place

Aberdeen

AB10 1UN

FIXED ASSETS

Tangible assets

2

5,446

6,606

CURRENT ASSETS

Stocks

41,241

31,329

Debtors

19,082

35,189

Cash at bank

30,880

33,925

91,203

100,443

CREDITORS

Amounts falling due within one year

17,726

30,160

NET CURRENT ASSETS

73,477

70,283

TOTAL ASSETS LESS CURRENT
LIABILITIES

78,923

76,889

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

78,913

76,879

SHAREHOLDERS' FUNDS

78,923

76,889

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 27 December 2016 and were signed by:

J Sugden - 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.

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

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

20,492

Additions

944

At 31 March 2016

21,436

DEPRECIATION

At 1 April 2015

13,886

Charge for year

2,104

At 31 March 2016

15,990

NET BOOK VALUE

At 31 March 2016

5,446

At 31 March 2015

6,606

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

10

Ordinary

£1

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

J Sugden

Balance outstanding at start of year

(6,430

)

(6,594

)

Amounts advanced

(4,247

)

(6,480

)

Amounts repaid

10,483

6,644

Balance outstanding at end of year

(194

)

(6,430

)