London Crystal Digital Technology Co., L - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06300716 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

London Crystal Digital Technology Co.,

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Y Zhuang

SECRETARY:

Taylor Wessing Secretaries Limited

REGISTERED OFFICE:

5 New Street Square

London

EC4A 3TW

REGISTERED NUMBER:

06300716 (England and Wales)

ACCOUNTANTS:

FPSS Limited

Business Advisers and Accountants

5th Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

178,640

262,261

178,640

262,261

CURRENT ASSETS

Debtors

2,565

127,722

Cash at bank

10,567

20,739

13,132

148,461

CREDITORS

Amounts falling due within one year

1,339

862

NET CURRENT ASSETS

11,793

147,599

TOTAL ASSETS LESS CURRENT LIABILITIES

190,433

409,860

CREDITORS

Amounts falling due after more than one year

-

(80,611

)

ACCRUALS AND DEFERRED INCOME

(1,000

)

(3,100

)

NET ASSETS

189,433

326,149

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

188,433

325,149

SHAREHOLDERS' FUNDS

189,433

326,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 December 2015 and were signed by:

Mr Y Zhuang - Director

1.	ACCOUNTING POLICIES

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of

each asset over its estimated useful life.

Technical Equipment - 20% on cost, 10% on cost and straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

of the lease.

Turnover and accrured income

Turnover represents billing for professional fees for service rendered, exclusive of value added tax.

Revenue from long term contract is recognised as the contract progresses. Any amount not billed at year end and

recoverable is included in turnover as accrued income.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

53,935

Disposals

(53,935

)

At 31 December 2014

-

AMORTISATION

At 1 January 2014

53,935

Eliminated on disposal

(53,935

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

747,291

DEPRECIATION

At 1 January 2014

485,030

Charge for year

83,621

At 31 December 2014

568,651

NET BOOK VALUE

At 31 December 2014

178,640

At 31 December 2013

262,261

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary undertaking of Crystal Computer Graphic Limited, a company

incorporated in Hong Kong.