Delcom Systems Limited - Limited company - abbreviated - 11.6

Delcom Systems Limited - Limited company - abbreviated - 11.6

DELCOM SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 05976460 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

DELCOM SYSTEMS LIMITED

DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DELCOM SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







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)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,616 9,520

CURRENT ASSETS
Stocks 33,973 18,400
Debtors 20,155 6,801
Cash at bank 21,886 87,605
76,014 112,806
CREDITORS
Amounts falling due within one year 95,698 119,524
NET CURRENT LIABILITIES (19,684 ) (6,718 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,068 ) 2,802

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (12,168 ) 2,702
SHAREHOLDERS' FUNDS (12,068 ) 2,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts

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

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 17 December 2014 and were signed on its behalf by:





I R Douglas - Director


The notes form part of these abbreviated accounts

Page 3
DELCOM SYSTEMS LIMITED (REGISTERED NUMBER: 05976460)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 April 2008).

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

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

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 17,994
DEPRECIATION
At 1 April 2013 8,474
Charge for year 1,904
At 31 March 2014 10,378
NET BOOK VALUE
At 31 March 2014 7,616
At 31 March 2013 9,520

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
90 Ordinary A 1 90 90
10 Ordinary B 1 10 10
100 100

Page 5