Digital Pathfinders Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10549692 (England and Wales)

Unaudited Financial Statements

for the period

5 January 2017 to 31 January 2018

for

Digital Pathfinders Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N A McGowan

Mrs C M McGowan

REGISTERED OFFICE:

5 Bollin Hill

Wilmslow

Cheshire

SK9 4AN

REGISTERED NUMBER:

10549692 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

8,475

CURRENT ASSETS

Debtors

6

7,316

Cash at bank

37,215

44,531

CREDITORS

Amounts falling due within one year

7

(24,556

)

NET CURRENT ASSETS

19,975

TOTAL ASSETS LESS CURRENT LIABILITIES

28,450

PROVISIONS FOR LIABILITIES

8

(1,610

)

NET ASSETS

26,840

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

26,740

26,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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 26 April 2018 and were signed on its behalf by:

N A McGowan - Director

1.	STATUTORY INFORMATION

Digital Pathfinders Limited ('The Company') is primarily engaged in computer consultancy activities.

The company is a private company limited by shares and is incorporated in England and Wales. The address of

the principal place of business and of the registered office is 5 Bollin Hill, Wilmslow, Cheshire, SK9 4AN. The

registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary

amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle 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.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply

with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No other material uncertainties that may cast significant doubt about the ability of the company to continue as a

going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership

have transferred to them.

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 fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the statement of comprehensive

income, 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

5.	TANGIBLE FIXED ASSETS

Office

equipment

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

9,514

581

10,095

At 31 January 2018

9,514

581

10,095

DEPRECIATION

Charge for period

1,427

193

1,620

At 31 January 2018

1,427

193

1,620

NET BOOK VALUE

At 31 January 2018

8,087

388

8,475

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,766

Other debtors

320

Prepayments

230

7,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

4,751

VAT

3,828

Other creditors

192

Directors' current accounts

695

Accrued expenses

15,090

24,556

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

1,610

Deferred

tax

£

Charge to Statement of Comprehensive Income during period

1,610

Balance at 31 January 2018

1,610

9.	CALLED UP SHARE CAPITAL

500 A Ordinary shares of £0.10 were allotted and fully paid for cash at par during the period.

500 B Ordinary shares of £0.10 were allotted and fully paid for cash at par during the period.