D.G .Components Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07368219 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

D.G .Components Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

DJ Allen

G Whittaker

SECRETARY:

DJ Allen

REGISTERED OFFICE:

Unit 3

Rossfield Road

Rossmore Industrial Estate

Ellesmere Port

Cheshire

CH65 3BS

REGISTERED NUMBER:

07368219 (England and Wales)

ACCOUNTANTS:

Hatcher Hughes Limited

Cassidy House

Station Road

Chester

Cheshire

CH1 3DW

FIXED ASSETS

Tangible assets

2

3,613

3,800

CURRENT ASSETS

Stocks

250

Debtors

41,184

39,666

Cash at bank

77,136

51,854

118,570

91,770

CREDITORS

Amounts falling due within one year

61,560

55,729

NET CURRENT ASSETS

57,010

36,041

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,623

39,841

CAPITAL AND RESERVES

Called up share capital

3

4

2

Profit and loss account

60,619

39,839

SHAREHOLDERS' FUNDS

60,623

39,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 14 March 2017 and were signed on its behalf by:

G Whittaker - Director

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

33,378

Additions

4,124

At 30 September 2016

37,502

DEPRECIATION

At 1 October 2015

29,578

Charge for year

4,311

At 30 September 2016

33,889

NET BOOK VALUE

At 30 September 2016

3,613

At 30 September 2015

3,800

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

2

Ordinary

1

2

Ordinary B Shares

£1

2

-

4

2

2 Ordinary B Shares shares of £1 each were allotted and fully paid for cash at par during the year.