DARKCALF LIMITED

DARKCALF LIMITED

DARKCALF LIMITED - Company Information

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DARKCALF LIMITED

Company Registration Number:
01248492 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

DARKCALF LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

DARKCALF LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 559 2,358
Tangible assets: 4 365 486
Total fixed assets: 924 2,844
Current assets
Debtors:   38 661
Cash at bank and in hand: 1,019 14,334
Total current assets: 1,057 14,995
Creditors: amounts falling due within one year: 5 (990) (2,721)
Net current assets (liabilities): 67 12,274
Total assets less current liabilities: 991 15,118
Total net assets (liabilities): 991 15,118
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 891 15,018
Shareholders funds: 991 15,118

The notes form part of these financial statements

DARKCALF LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 May 2018
and signed on behalf of the board by:

Name: C. Carpenter
Status: Director

The notes form part of these financial statements

DARKCALF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Computer equipment 25% on reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill - franchises being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 5 years.

Other accounting policies

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.

DARKCALF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

DARKCALF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 8,997
At 31 March 2018 8,997
Amortisation
At 01 April 2017 6,639
Charge for year 1,799
At 31 March 2018 8,438
Net book value
At 31 March 2018 559
At 31 March 2017 2,358

DARKCALF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 19,107
At 31 March 2018 19,107
Depreciation
At 01 April 2017 18,621
Charge for year 121
At 31 March 2018 18,742
Net book value
At 31 March 2018 365
At 31 March 2017 486

DARKCALF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Creditors: amounts falling due within one year note

Tax - £0 (2017 £661)Social Security and other taxes (£40) (2017 £2117)Directors Loan account £522 (2017 £453)Accrued expenses £508 (2017 £758)