Discrete Time Communications (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04389630 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2018

for

Discrete Time Communications (UK) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J L Taylor

Mrs S Taylor

J R Bann

P C F Taylor

SECRETARY:

J R Bann

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

04389630 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

854,108

850,727

CURRENT ASSETS

Debtors

5,100

12,796

Cash at bank

420,086

361,839

425,186

374,635

CREDITORS

Amounts falling due within one year

19,977

27,326

NET CURRENT ASSETS

405,209

347,309

TOTAL ASSETS LESS CURRENT LIABILITIES

1,259,317

1,198,036

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,259,217

1,197,936

SHAREHOLDERS' FUNDS

1,259,317

1,198,036

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 29th August 2018 and were signed on its behalf by:

Mrs S Taylor - Director

1.	STATUTORY INFORMATION

Discrete Time Communications (UK) Ltd 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 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

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

Computer equipment

-

33% on reducing balance

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 3 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2017

854,566

Additions

3,382

At 31st May 2018

857,948

DEPRECIATION

At 1st June 2017

3,839

Charge for year

1

At 31st May 2018

3,840

NET BOOK VALUE

At 31st May 2018

854,108

At 31st May 2017

850,727