Abbreviated Company Accounts - DIGITAL GARAGE FACILITIES LIMITED

Abbreviated Company Accounts - DIGITAL GARAGE FACILITIES LIMITED

DIGITAL GARAGE FACILITIES LIMITED - Company Information

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Registered Number 05157124

DIGITAL GARAGE FACILITIES LIMITED

Abbreviated Accounts

30 June 2016

DIGITAL GARAGE FACILITIES LIMITED Registered Number 05157124

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 45,914 25,267
45,914 25,267
Current assets
Debtors 19,783 20,275
Cash at bank and in hand 16,720 9,701
36,503 29,976
Creditors: amounts falling due within one year (31,694) (39,841)
Net current assets (liabilities) 4,809 (9,865)
Total assets less current liabilities 50,723 15,402
Creditors: amounts falling due after more than one year (23,629) (5,606)
Total net assets (liabilities) 27,094 9,796
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 26,994 9,696
Shareholders' funds 27,094 9,796
  • For the year ending 30 June 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 March 2017

And signed on their behalf by:
C Openshaw, Director

DIGITAL GARAGE FACILITIES LIMITED Registered Number 05157124

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The Accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Financial Reporting Standards for Smaller Entities (effective April 2015).

Turnover policy
Turnover represents the value, excluding VAT and discounts, of goods and services provided to customers.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment, fixtures and fittings 25% straight line

Other accounting policies
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts are capitalised in the Balance Sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Balance Sheet as a liability.

The interest element of the rental obligations is charged to the Profit and Loss Account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension scheme
The company provides a defined contribution pension scheme for the benefit of its employees. Contributions to this scheme are charged to the profit and loss account as they become payable.

2Tangible fixed assets
£
Cost
At 1 July 2015 139,516
Additions 52,016
Disposals (90,977)
Revaluations -
Transfers -
At 30 June 2016 100,555
Depreciation
At 1 July 2015 114,249
Charge for the year 21,277
On disposals (80,885)
At 30 June 2016 54,641
Net book values
At 30 June 2016 45,914
At 30 June 2015 25,267

Net book value of plant and machinery included above and held under finance leases and hire purchase contracts is £27,063 (2015 - £15,411).

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100