Darkmast Systems Limited - Period Ending 2016-09-30

Registration number: 03612851

Darkmast Systems Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 September 2016
 

Broderick & Leslie
Chartered Certified Accountants
3 Railway Court
Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

Darkmast Systems Limited
(Registration number: 03612851)
Balance Sheet at 30 September 2016

		Note			30 September 2016						30 September 2015 £
	£			£
Fixed assets
Tangible fixed assets		2						905			905
Current assets
Debtors		3			-						179
Cash at bank and in hand					1						15,653
					1						15,832
Creditors: Amounts falling due within one year		4			(113)						(15,944)
Net current liabilities								(112)			(112)
Net assets								793			793
Capital and reserves
Called up share capital		5			6						6
Profit and loss account					787						787
Shareholders' funds								793			793

For the year ending 30 September 2016 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These 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).

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.

Approved by the Board on 28 June 2017 and signed on its behalf by:

......................................... Mr M Smith Director

The notes on pages 2 to 4 form an integral part of these financial statements.
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Darkmast Systems Limited
Notes to the financial statements for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation , less any estimated residual value, over their expected useful economic life as follows

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are represented in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Tangible fixed assets

		Fixtures and fittings £			Total £
Cost or valuation
At 1 October 2015		9,816			9,816
Depreciation
At 1 October 2015		8,911			8,911
Net book value
At 30 September 2016		905			905
At 30 September 2015		905			905

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Darkmast Systems Limited
Notes to the financial statements for the Year Ended 30 September 2016
......... continued

3

Debtors

		30 September 2016 £			30 September 2015 £
Other debtors		-			179

4	Creditors: Amounts falling due within one year

		30 September 2016 £			30 September 2015 £
Corporation tax		-			11,175
Other taxes and social security		-			3,102
Other creditors		113			1,667
		113			15,944

5	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £1 each		6			6			6			6

6	Pension schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £nil (2015 - £4,264).

Page 3

Darkmast Systems Limited
Notes to the financial statements for the Year Ended 30 September 2016
......... continued

7	Related party transactions

Directors' advances and credits

	Year ended 30 September 2016 Advance/ Credit £	Year ended 30 September 2016 Repaid £	1 April 2014 to 30 September 2015 Advance/ Credit £	1 April 2014 to 30 September 2015 Repaid £
Mr M Smith
Directors loan account	(110)	55	(165)	(5,051)

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