One Eight Digital Limited - Accounts to registrar (filleted) - small 17.3
One Eight Digital Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| FOR |
| ONE EIGHT DIGITAL LIMITED |
| ONE EIGHT DIGITAL LIMITED (REGISTERED NUMBER: 08853952) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ONE EIGHT DIGITAL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Manufactory House |
| Bell Lane |
| Hertford |
| Hertfordshire |
| SG14 1BP |
| ONE EIGHT DIGITAL LIMITED (REGISTERED NUMBER: 08853952) |
| BALANCE SHEET |
| 31ST JANUARY 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| ONE EIGHT DIGITAL LIMITED (REGISTERED NUMBER: 08853952) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| 1. | STATUTORY INFORMATION |
| One Eight Digital Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| These financial statements for the year ended 31 January 2017 are the first financial statements that comply with |
| FRS 102 Section 1A. The date of transition is 01 February 2016. The transition to FRS 102 Section 1A small |
| entities has resulted in accounting policies to those used previously. There is no material impact on opening |
| equity and profit for the comparative period. |
| Going Concern Justification |
| The directors have assessed various factors and risks affecting the company and its ability in these difficult |
| economic times to continue to trade as a going concern. The directors have not identified any material |
| uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets |
| and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st December |
| 2016 have been prepared using the going concern basis of accounting. |
| Revenue |
| Revenue - Described as turnover - is the value of services (net of VAT) provided to customers during the year. |
| Revenue is recognised at the date the right to use the software is granted to the customer. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| ONE EIGHT DIGITAL LIMITED (REGISTERED NUMBER: 08853952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| First year adoption |
| The company adopted FRS 102 from 01/02/2016 onwards. |
| There are no material impacts of this change in the comparative figures. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st February 2016 |
| Additions |
| At 31st January 2017 |
| DEPRECIATION |
| At 1st February 2016 |
| Charge for year |
| At 31st January 2017 |
| NET BOOK VALUE |
| At 31st January 2017 |
| At 31st January 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| ONE EIGHT DIGITAL LIMITED (REGISTERED NUMBER: 08853952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JANUARY 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 1,224 | 22,606 |
| Other creditors |
| Directors' current accounts | 8,078 | 4,649 |
| Accrued expenses |