Delcom Systems Limited - Accounts to registrar - small 17.2

Delcom Systems Limited - Accounts to registrar - small 17.2

DELCOM SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05976460 (England and Wales)









ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

DELCOM SYSTEMS LIMITED

DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DELCOM SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: I R Douglas
Mrs J R Douglas





REGISTERED OFFICE: Unit 3 Centre One
Lysander Way
Old Sarum
Salisbury
SP4 6BU





REGISTERED NUMBER: 05976460 (England and Wales)





ACCOUNTANTS: Fawcetts
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR
Page 1
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,898 16,852

CURRENT ASSETS
Stocks 33,386 31,493
Debtors 16,718 19,102
Cash at bank and in hand 36,856 39,370
86,960 89,965
CREDITORS
Amounts falling due within one year 97,614 100,097
NET CURRENT LIABILITIES (10,654 ) (10,132 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,244 6,720

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 1,144 6,620
SHAREHOLDERS' FUNDS 1,244 6,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2 continued...
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2017 and
were signed on its behalf by:





I R Douglas - Director


The notes form part of these financial statements

Page 3
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

Delcom Systems 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 financial statements have been prepared on a going concern basis which is thought to be appropriate because
the directors intend to provide additional funds to meet the company's liabilities as they fall due. The financial
statements do not contain any adjustments that might be necessary if the additional funds were not available.

The accounts are presented in Sterling (£) which is the functional currency of the company.

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 April 2015. At the date of transition
no restatements were required.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit
and loss account. The cost of fixed assets is their purchase costs, together with any incidental costs of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.


Page 4 continued...
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


2. ACCOUNTING POLICIES - continued
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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount
after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 34,618
Disposals (4,000 )
At 31 March 2017 30,618
DEPRECIATION
At 1 April 2016 17,766
Charge for year 4,199
Eliminated on disposal (3,245 )
At 31 March 2017 18,720
NET BOOK VALUE
At 31 March 2017 11,898
At 31 March 2016 16,852

Page 5 continued...
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


5. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
90 Ordinary A 1 90 90
10 Ordinary B 1 10 10
100 100

6. RELATED PARTY DISCLOSURES

Creditors due in one year include £83,649 (2016 - £76,893) which is owed to a director of the company.

Page 6