Digital Aerials & Satellites Ltd
Digital Aerials & Satellites Ltd
Registered number: 04432652
Abbreviated accounts
For The Year Ended 31 July 2016
ATB Accounting Ltd
Digital Aerials & Satellites Ltd
Company No. 04432652
Abbreviated Balance Sheet
31 July 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 8,898 | 4,864 | ||||
| CURRENT ASSETS | |||||
| Stocks |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 3 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Digital Aerials & Satellites Ltd
Company No. 04432652
Abbreviated Balance Sheet (continued)
31 July 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Page 1
Digital Aerials & Satellites Ltd
Notes to the Abbreviated Accounts
For The Year Ended 31 July 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
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 & Machinery |
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| Motor Vehicles |
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1.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5.
Deferred Taxation
Deffered tax is recognised in repsect of all timing differences that have originated but not reversed at the balance sheet date
2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 2
Digital Aerials & Satellites Ltd
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 July 2016
3.
Creditors: Amounts Falling Due Within One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts | 342 | 12,467 | |
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Amounts falling due within one year
Page 3