Abbreviated Company Accounts - DAKA LIGHT LIMITED

Abbreviated Company Accounts - DAKA LIGHT LIMITED

Registered Number 08025171


Abbreviated Accounts

30 April 2015

DAKA LIGHT LIMITED Registered Number 08025171

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,730 2,451
5,730 2,451
Current assets
Debtors 8,104 5,299
Cash at bank and in hand - 6,034
8,104 11,333
Creditors: amounts falling due within one year (12,540) (12,984)
Net current assets (liabilities) (4,436) (1,651)
Total assets less current liabilities 1,294 800
Provisions for liabilities (1,146) (490)
Total net assets (liabilities) 148 310
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 48 210
Shareholders' funds 148 310
  • For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 January 2016

And signed on their behalf by:
R Garrett, Director

DAKA LIGHT LIMITED Registered Number 08025171

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

General equipment at 25% reducing balance basis

Other accounting policies
Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
At 1 May 2014 4,168
Additions 5,189
Disposals -
Revaluations -
Transfers -
At 30 April 2015 9,357
At 1 May 2014 1,717
Charge for the year 1,910
On disposals -
At 30 April 2015 3,627
Net book values
At 30 April 2015 5,730
At 30 April 2014 2,451

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
100Ordinary shares of £1 each 100 100