Abbreviated Company Accounts - GRAFX DIGITAL TECHNOLOGIES LTD.

GRAFX DIGITAL TECHNOLOGIES LTD. - Company Information

02431554 GRAFX DIGITAL TECHNOLOGIES LTD. 2016-03-31 false 2015-04-01 2016-03-31 true 02431554 2015-04-01 2016-03-31 02431554 2016-03-31 02431554 2015-03-31 02431554 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 02431554 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 02431554

GRAFX DIGITAL TECHNOLOGIES LTD.

Abbreviated Accounts

31 March 2016

GRAFX DIGITAL TECHNOLOGIES LTD. Registered Number 02431554

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	600
Tangible assets	3	12,918	20,331
Investments	4	2	2
		12,920	20,933
Current assets
Stocks		5,907	19,070
Debtors		76,453	100,172
Cash at bank and in hand		24,047	17,705
		106,407	136,947
Creditors: amounts falling due within one year		(71,365)	(112,617)
Net current assets (liabilities)		35,042	24,330
Total assets less current liabilities		47,962	45,263
Creditors: amounts falling due after more than one year		(6,720)	0
Provisions for liabilities		(2,687)	(3,789)
Total net assets (liabilities)		38,555	41,474
Capital and reserves
Called up share capital	5	20,300	20,300
Profit and loss account		18,255	21,174
Shareholders' funds		38,555	41,474

For the year ending 31 March 2016 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 13 June 2016

And signed on their behalf by:
Tony Briscombe, Director

GRAFX DIGITAL TECHNOLOGIES LTD. Registered Number 02431554

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold Improvements Straight line over length of lease
Plant and machinery 50% straight line
Motor vehicles 50% straight line

2Intangible fixed assets

	£
Cost
At 1 April 2015	7,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,000
Amortisation
At 1 April 2015	6,400
Charge for the year	600
On disposals	-
At 31 March 2016	7,000
Net book values
At 31 March 2016	0
At 31 March 2015	600

3Tangible fixed assets

	£
Cost
At 1 April 2015	78,551
Additions	10,864
Disposals	(21,894)
Revaluations	-
Transfers	-
At 31 March 2016	67,521
Depreciation
At 1 April 2015	58,220
Charge for the year	17,897
On disposals	(21,514)
At 31 March 2016	54,603
Net book values
At 31 March 2016	12,918
At 31 March 2015	20,331

4Fixed assets Investments
The company owns 100% share capital of Grafx Internet Limited reg no 04002768

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
20,300 Ordinary shares of £1 each	20,300	20,300