ACCOUNTS - Final Accounts preparation

D.G. CORPORATE SERVICES LIMITED - Company Information

Registered number: 03444994

D.G. CORPORATE SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.

D.G. CORPORATE SERVICES LIMITED

REGISTERED NUMBER: 03444994

ABBREVIATED BALANCE SHEET

AS AT 31 OCTOBER 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		231		80

CURRENT ASSETS
Debtors	1,651		8,093
Cash at bank	869		1,953

	2,520		10,046
CREDITORS: amounts falling due within one year	(3,144)		(2,776)
NET CURRENT (LIABILITIES)/ASSETS		(624)		7,270

TOTAL ASSETS LESS CURRENT LIABILITIES

(393)

7,350

PROVISIONS FOR LIABILITIES
Deferred tax	-	(16)
NET (LIABILITIES)/ASSETS	(393)	7,334

CAPITAL AND RESERVES
Called up share capital	3	2	2
Profit and loss account		(395)	7,332

SHAREHOLDERS' (DEFICIT)/FUNDS

(393)

7,334

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D.G. CORPORATE SERVICES LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 OCTOBER 2016

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 October 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:

Mr D N Gregory

Director

Date: 30 June 2017

The notes on pages 3 to 4 form part of these financial statements.

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D.G. CORPORATE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

1.ACCOUNTING POLICIES

	1.1	BASIS OF PREPARATION OF FINANCIAL STATEMENTS
		The full financial statements, from which these abbreviated accounts have been extracted, have been 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 revenue recognised by the company in respect of services supplied during the year, exclusive 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 fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

				Computer equipment	-	3 years straight line
				Software	-	3 years straight line

	1.4	DEFERRED TAXATION
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

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D.G. CORPORATE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

2.TANGIBLE FIXED ASSETS

		£
	COST
	At 1 November 2015	323
	Additions	333
	At 31 October 2016	656

	DEPRECIATION
	At 1 November 2015	243
	Charge for the year	182
	At 31 October 2016	425

	NET BOOK VALUE
	At 31 October 2016	231
	At 31 October 2015	80

3.SHARE CAPITAL

	2016	2015
	£	£
ALLOTTED, CALLED UP AND FULLY PAID

2 Ordinary shares of £1 each	2	2

4.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES

During the year a director operated a current account which constitutes an advance by the company. The details were as follows:

		2016
		£

	Balance at 1 November 2015	(8,073)
	Funds introduced	17,795
	Dividends declared	-
	Amounts withdrawn	(7,179)
	Balance at 31 October 2016	2,543

The loan was interest free, unsecured and had been repaid in full by the year end.

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