D. G. Controls Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00911313 (England and Wales)

Abbreviated Accounts For The Year Ended 31 August 2016

for

D. G. CONTROLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W E J Whiten ACMA CGMA

Mrs W R Whiten

SECRETARY:

Mrs W R Whiten

REGISTERED OFFICE:

Cadley Hill Road

Swadlincote

Derbyshire

DE11 9TB

REGISTERED NUMBER:

00911313 (England and Wales)

ACCOUNTANTS:

Peach & Co.

Chartered Accountants

115 Byrkley Street

Burton on Trent

Staffordshire

DE14 2EG

SOLICITORS:

Edwards Geldard Solicitors

One Pride Place

Pride Park

Derby

DE24 8QR

FIXED ASSETS

Intangible assets

2

844

1,007

Tangible assets

3

46,571

54,693

47,415

55,700

CURRENT ASSETS

Stocks

202,046

216,407

Debtors

87,836

100,145

Cash at bank and in hand

54,404

61,971

344,286

378,523

CREDITORS

Amounts falling due within one year

81,115

89,800

NET CURRENT ASSETS

263,171

288,723

TOTAL ASSETS LESS CURRENT
LIABILITIES

310,586

344,423

CREDITORS

Amounts falling due after more than one
year

(40,000

)

(40,000

)

PROVISIONS FOR LIABILITIES

-

(5,397

)

NET ASSETS

270,586

299,026

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

220,586

249,026

SHAREHOLDERS' FUNDS

270,586

299,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 July 2017 and were signed on its
behalf by:

W E J Whiten ACMA CGMA - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Trade marks

The amount paid to obtain and register trade marks is amortised evenly over the trade marks life of ten

years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Tooling

-

20% on cost

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in-first-out method, and consists of material and direct labour costs,

together with an appropriate proportion of attributable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

1,626

AMORTISATION

At 1 September 2015

619

Amortisation for year

163

At 31 August 2016

782

NET BOOK VALUE

At 31 August 2016

844

At 31 August 2015

1,007

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

751,094

Additions

8,699

At 31 August 2016

759,793

DEPRECIATION

At 1 September 2015

696,401

Charge for year

16,821

At 31 August 2016

713,222

NET BOOK VALUE

At 31 August 2016

46,571

At 31 August 2015

54,693

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50,000

Ordinary

£1

50,000

5.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Saltation Limited, a company registered in England and

Wales (company no. 4761640).

Saltation Limited is controlled by Mr W E J Whiten and Mrs W R Whiten, the directors of D G Controls

Limited.

6.	RELATED PARTY DISCLOSURES

At 31 August 2016 the company owed £20,105 (2015: £17,861) to its parent company Saltation

Limited.

During the year the company paid dividends totalling £64,350 (2015: £70,200) to Saltation Limited.

During the year ended 31 August 2014, the company was loaned £105,000 by its directors. The

balance outstanding at 31 August 2016 is £74,000. This loan is interest free and repayable over three

years.