Digital Tachograph Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07733228 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 August 2018

for

Digital Tachograph Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Khan

REGISTERED OFFICE:

Unit 11, Arrow Industrial Estate

Eelmoor Road

Farnborough

GU14 7QH

REGISTERED NUMBER:

07733228 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Intangible assets

4

-

5,000

Tangible assets

5

31,560

45,757

31,560

50,757

CURRENT ASSETS

Stocks

13,432

13,468

Debtors

6

102,585

109,263

Cash at bank

187,009

167,331

303,026

290,062

CREDITORS

Amounts falling due within one year

7

121,705

134,495

NET CURRENT ASSETS

181,321

155,567

TOTAL ASSETS LESS CURRENT LIABILITIES

212,881

206,324

CREDITORS

Amounts falling due after more than one year

8

7,413

20,789

NET ASSETS

205,468

185,535

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

205,466

185,533

SHAREHOLDERS' FUNDS

205,468

185,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 November 2018 and were signed by:

K Khan - Director

1.	STATUTORY INFORMATION

Digital Tachograph Centre Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

125,000

AMORTISATION

At 1 September 2017

120,000

Charge for year

5,000

At 31 August 2018

125,000

NET BOOK VALUE

At 31 August 2018

-

At 31 August 2017

5,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

4,682

89,563

94,245

DEPRECIATION

At 1 September 2017

4,682

43,806

48,488

Charge for year

-

14,197

14,197

At 31 August 2018

4,682

58,003

62,685

NET BOOK VALUE

At 31 August 2018

-

31,560

31,560

At 31 August 2017

-

45,757

45,757

Included in motor vehicles are assets held under hire purchase contracts with a net book value of £11,833 (2017:

£30,386).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

87,739

93,759

Other debtors

11,513

12,360

Prepayments and accrued income

3,333

3,144

102,585

109,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

17,764

17,093

Hire purchase contracts

4,932

9,398

Trade creditors

36,266

35,350

Corporation tax

34,433

34,508

Social security and other taxes

22,415

24,249

Other creditors

4,395

3,820

Accrued expenses

1,500

10,077

121,705

134,495

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Hire purchase contracts

7,413

20,789