Digital Sports Group Limited - Limited company - abbreviated - 11.0.0
Digital Sports Group Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31st March 2014 |
| for |
| Digital Sports Group Limited |
| Digital Sports Group Limited (Registered number: 06789563) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| Digital Sports Group Limited |
| Company Information |
| for the Year Ended 31st March 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Digital Sports Group Limited (Registered number: 06789563) |
| Abbreviated Balance Sheet |
| 31st March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Digital Sports Group Limited (Registered number: 06789563) |
| Abbreviated Balance Sheet - continued |
| 31st March 2014 |
| The financial statements were approved by the Board of Directors on by: |
| Digital Sports Group Limited (Registered number: 06789563) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st March 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared using the going concern concept. In the opinion of the directors, |
| preparing the financial statements on this basis is appropriate, as they have indicated that they intend to continue |
| to provide financial support to the company by way of their interest-free loans for the foreseeable future. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Digital Sports Group Limited as an individual company and |
| do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Revenue recognition |
| Turnover comprises income and agency commissions receivable in respect products and services derived from |
| the company's various website activities, consultancy fees and sales of domain names excluding Value Added |
| Tax. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Gift voucher liabilities |
| The company sells gift vouchers which can be redeemed against its products for up to ten months from the date |
| of purchase. Provision is made at the balance sheet date for anticipated voucher redemption liabilities based on |
| the company's voucher redemption rates experienced in the past. |
| Digital Sports Group Limited (Registered number: 06789563) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2013 |
| and 31st March 2014 |
| AMORTISATION |
| At 1st April 2013 |
| Amortisation for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2013 |
| Additions |
| At 31st March 2014 |
| DEPRECIATION |
| At 1st April 2013 |
| Charge for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st April 2013 |
| and 31st March 2014 | 204 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| Digital Sports Group Limited (Registered number: 06789563) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2014 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary A |
| Ordinary B |
| £ | £ |
| Aggregate capital and reserves | 4 | 4 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| Ordinary | £1 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Digital Sports Group Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Digital Sports Group Limited for the year ended 31st March 2014 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Digital Sports Group Limited, as a body, in accordance with our |
| terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
| Digital Sports Group Limited and state those matters that we have agreed to state to the Board of Directors of Digital |
| Sports Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To |
| the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Digital Sports Group Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digital Sports |
| Group Limited. You consider that Digital Sports Group Limited is exempt from the statutory audit requirement for the |
| year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Digital Sports Group |
| Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 20th August 2014 |