Abbreviated Company Accounts - PEACH DIGITAL LIMITED

THE BOXOFFICE COMPANY (GLASGOW) LTD. - Company Information

SC205024 PEACH DIGITAL LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC205024 2015-04-01 2016-03-31 SC205024 2016-03-31 SC205024 2015-03-31 SC205024 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC205024 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director4 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director4 2016-03-31 uk-gaap-cd-bus:Director4 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC205024

PEACH DIGITAL LIMITED

Abbreviated Accounts

31 March 2016

PEACH DIGITAL LIMITED Registered Number SC205024

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	110,839	123,154
Tangible assets	3	23,207	17,592
		134,046	140,746
Current assets
Debtors		382,883	473,366
Cash at bank and in hand		1,673	3,988
		384,556	477,354
Creditors: amounts falling due within one year	4	(458,480)	(355,518)
Net current assets (liabilities)		(73,924)	121,836
Total assets less current liabilities		60,122	262,582
Creditors: amounts falling due after more than one year	4	0	(165,889)
Total net assets (liabilities)		60,122	96,693
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		60,022	96,593
Shareholders' funds		60,122	96,693

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 31 December 2016

And signed on their behalf by:
Michael Rose, Director

PEACH DIGITAL LIMITED Registered Number SC205024

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery 25% straight line
Fixtures and fittings 25% straight line
Computer equipment 25% straight line

Intangible assets amortisation policy
Intellectual property assets represent the cost of developing the company's middleware software solution for cinema clients. Costs are capitalised where significant identifiable projects are undertaken to enhance the functionality of the middleware.
The asset is amortised to the profit and loss account over its estimated economic life of 10 years.

Other accounting policies
Work in progress represents an estimate of the value of work in the stdio at the year end. It is varied only when the directors believe that there has been a significant movement in the work in progress during the period under review.

2Intangible fixed assets

	£
Cost
At 1 April 2015	123,154
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	123,154
Amortisation
At 1 April 2015	0
Charge for the year	12,315
On disposals	-
At 31 March 2016	12,315
Net book values
At 31 March 2016	110,839
At 31 March 2015	123,154

3Tangible fixed assets

	£
Cost
At 1 April 2015	176,119
Additions	14,433
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	190,552
Depreciation
At 1 April 2015	158,527
Charge for the year	8,818
On disposals	-
At 31 March 2016	167,345
Net book values
At 31 March 2016	23,207
At 31 March 2015	17,592

4Creditors

	2016 £	2015 £
Secured Debts	159,531	265,342

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

6Transactions with directors

Name of director receiving advance or credit:	Malcolm MacMillan
Description of the transaction:	Loan
Balance at 1 April 2015:	£ 3,728
Advances or credits made:	£ 0
Advances or credits repaid:	£ 3,728
Balance at 31 March 2016:	£ 0

Name of director receiving advance or credit:	MIchael Rose
Description of the transaction:	Loan
Balance at 1 April 2015:	£ 162,161
Advances or credits made:	-
Advances or credits repaid:	£ 76,142
Balance at 31 March 2016:	£ 86,019

The above loan is unsecured, interest free and repayable on demand