Data Cable Solutions Limited - Period Ending 2017-05-31

Registration number: 10207095

Data Cable Solutions Limited

Unaudited Financial Statements

for the Period from 31 May 2016 to 31 May 2017

Data Cable Solutions Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Data Cable Solutions Limited

(Registration number: 10207095)
Balance Sheet as at 31 May 2017

	Note	2017 £
Fixed assets
Tangible assets	3	750
Current assets
Debtors	4	1,320
Cash at bank and in hand		7,968
		9,288
Creditors: Amounts falling due within one year	5	(9,627)
Net current liabilities		(339)
Net assets		411
Capital and reserves
Called up share capital		100
Profit and loss account		311
Total equity		411

For the financial period ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 February 2018 and signed on its behalf by:
 

.........................................

Mr D R Dobson

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Data Cable Solutions Limited

Notes to the Financial Statements for the Period from 31 May 2016 to 31 May 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Unit G, Canalside
John Gilbert Way
Trafford Park
Manchester
Lancashire
M17 1AH
United Kingdom

These financial statements were authorised for issue by the Board on 26 February 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 2

Data Cable Solutions Limited

Notes to the Financial Statements for the Period from 31 May 2016 to 31 May 2017

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	1,000	1,000
At 31 May 2017	1,000	1,000
Depreciation
Charge for the	250	250
At 31 May 2017	250	250
Carrying amount
At 31 May 2017	750	750

4

Debtors

	2017 £
Trade debtors	1,320
Total current trade and other debtors	1,320

5

Creditors

	Note	2017 £
Due within one year
Trade creditors		1,301
Amounts owed to group undertakings and undertakings in which the company has a participating interest		33
Taxation and social security		793
Other creditors		7,500
		9,627

Page 3