Demand Logic Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06458599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

DEMAND LOGIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Darby

S Masero

D S Mauger

T D Randall

J A Short

N Toedtmann

SECRETARY:

D S Mauger

REGISTERED OFFICE:

Corner Oak

1 Homer Road

Solhull

West Midlands

B91 3QG

REGISTERED NUMBER:

06458599 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Tangible assets

4

5,406

4,901

CURRENT ASSETS

Debtors

5

150,973

170,582

Cash at bank

59,783

67,279

210,756

237,861

CREDITORS

Amounts falling due within one year

6

259,795

251,143

NET CURRENT LIABILITIES

(49,039

)

(13,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,633

)

(8,381

)

CREDITORS

Amounts falling due after more than one year

7

75,000

50,000

NET LIABILITIES

(118,633

)

(58,381

)

CAPITAL AND RESERVES

Called up share capital

532

532

Share premium

90,179

90,179

Retained earnings

(209,344

)

(149,092

)

SHAREHOLDERS' FUNDS

(118,633

)

(58,381

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 July 2017 and were signed on its behalf by:

M Darby - Director

1.	STATUTORY INFORMATION

Demand Logic Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis which assumes the continued support

of the directors. The directors confirmed that in their opinion the company will have adequate cash

resources available to finance its trading and meet its obligations during the course of the next twelve

months.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year,

exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year,

including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion of the work.

Tangible fixed assets

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

Office equipment and furniture

-

20% on cost

The accounting policy for office equipment and furniture in the year ending 31 December 2015 was

25% on cost. This has been changed this year after review by the directors into the remaining useful

economic life of the assets and has resulted in a decrease in the depreciation expense charged to the

profit and loss account of £480.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2015 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

and

furniture

£

COST

At 1 January 2016

7,173

Additions

2,424

At 31 December 2016

9,597

DEPRECIATION

At 1 January 2016

2,272

Charge for year

1,919

At 31 December 2016

4,191

NET BOOK VALUE

At 31 December 2016

5,406

At 31 December 2015

4,901

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

121,820

134,560

Other debtors

29,153

36,022

150,973

170,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

10,910

6,466

Taxation and social security

41,503

38,385

Other creditors

207,382

206,292

259,795

251,143

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

75,000

50,000