Abbreviated Company Accounts - THE DIGITAL SOUTH LIMITED

THE DIGITAL SOUTH LIMITED - Company Information

Registered Number 05086623

THE DIGITAL SOUTH LIMITED

Abbreviated Accounts

31 March 2014

THE DIGITAL SOUTH LIMITED Registered Number 05086623

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	16,500	18,000
Tangible assets	3	7,546	10,060
		24,046	28,060
Current assets
Debtors		21,901	13,165
Cash at bank and in hand		12,968	7,500
		34,869	20,665
Creditors: amounts falling due within one year		(27,350)	(17,668)
Net current assets (liabilities)		7,519	2,997
Total assets less current liabilities		31,565	31,057
Total net assets (liabilities)		31,565	31,057
Capital and reserves
Called up share capital		100	100
Profit and loss account		31,465	30,957
Shareholders' funds		31,565	31,057

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2014

And signed on their behalf by:
Mr Robin Jones, Director

THE DIGITAL SOUTH LIMITED Registered Number 05086623

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows :
Plant and Machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	30,000
Amortisation
At 1 April 2013	12,000
Charge for the year	1,500
On disposals	-
At 31 March 2014	13,500
Net book values
At 31 March 2014	16,500
At 31 March 2013	18,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	48,514
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	48,514
Depreciation
At 1 April 2013	38,454
Charge for the year	2,514
On disposals	-
At 31 March 2014	40,968
Net book values
At 31 March 2014	7,546
At 31 March 2013	10,060