GALAXY DATACOMS LIMITED Small abridged accounts
GALAXY DATACOMS LIMITED Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
07365114
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Abridged Financial Statements |
Year ended 30 September 2017
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
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-------- |
-------- |
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Net current (liabilities)/assets |
(
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-------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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– |
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------- |
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Net assets |
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------- |
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Abridged Statement of Financial Position (continued) |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
13 June 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07365114
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Notes to the Abridged Financial Statements |
Year ended 30 September 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 205 Wells Road, Knowle, Bristol, BS4 2DF. The address of the company's place of business is 36 Airport Road, Hengrove, Bristol, United Kingdom, BS14 9TA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company. Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
1
(2016:
1
).
5.
Tangible assets
£ |
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Cost |
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At 1 October 2016 |
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Additions |
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Disposals |
(
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At 30 September 2017 |
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Depreciation |
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At 1 October 2016 |
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Charge for the year |
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Disposals |
(
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At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
13,175 |
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At 30 September 2016 |
1,912 |
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6.
Related party transactions
7.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
No transitional adjustments were required in equity or profit or loss for the year.