DPT-Online Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07632121 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

DPT-ONLINE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Smith

REGISTERED OFFICE:

Suite 13, The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

REGISTERED NUMBER:

07632121 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

2

53,334

45,866

CURRENT ASSETS

Stocks

24,674

15,000

Debtors

254,503

167,243

Cash at bank and in hand

762

716

279,939

182,959

CREDITORS

Amounts falling due within one year

315,046

205,406

NET CURRENT LIABILITIES

(35,107

)

(22,447

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,227

23,419

CREDITORS

Amounts falling due after more than one year

(14,907

)

(25,091

)

PROVISIONS FOR LIABILITIES

(10,201

)

(9,173

)

NET LIABILITIES

(6,881

)

(10,845

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(6,882

)

(10,846

)

SHAREHOLDERS' FUNDS

(6,881

)

(10,845

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 7 February 2017 and were signed by:

M J Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The director is not aware of any reason why the

Company is not able to meet its financial obligations within the next 12 months.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Web site

-

20% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under

hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated

over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

61,720

Additions

18,346

At 31 May 2016

80,066

DEPRECIATION

At 1 June 2015

15,854

Charge for year

10,878

At 31 May 2016

26,732

NET BOOK VALUE

At 31 May 2016

53,334

At 31 May 2015

45,866

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1.00

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Smith.