Dynamic Signal Processing Limited - Abbreviated accounts 16.3

Dynamic Signal Processing Limited - Abbreviated accounts 16.3

DYNAMIC SIGNAL PROCESSING LTD - Company Information

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REGISTERED NUMBER: 02671169 (England and Wales)


























ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

DYNAMIC SIGNAL PROCESSING LIMITED








DYNAMIC SIGNAL PROCESSING LIMITED (REGISTERED NUMBER: 02671169)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

DYNAMIC SIGNAL PROCESSING LIMITED (REGISTERED NUMBER: 02671169)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 309,216 345,419
309,216 345,419

CURRENT ASSETS
Stocks 21,661 27,657
Debtors 37,662 73,365
Cash at bank 212,695 317,952
272,018 418,974
CREDITORS
Amounts falling due within one year 23,911 39,568
NET CURRENT ASSETS 248,107 379,406
TOTAL ASSETS LESS CURRENT
LIABILITIES
557,323
724,825

PROVISIONS FOR LIABILITIES 2,433 4,885
NET ASSETS 554,890 719,940

CAPITAL AND RESERVES
Called up share capital 4 70 70
Capital redemption reserve 30 30
Profit and loss account 554,790 719,840
SHAREHOLDERS' FUNDS 554,890 719,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 10 December 2016 and were signed by:





Mr P A Cossins - Director


The notes form part of these abbreviated accounts

Page 1
DYNAMIC SIGNAL PROCESSING LIMITED (REGISTERED NUMBER: 02671169)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 January 2015).

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of
Value Added Tax, amended for uninvoiced sales at the period end.

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

Freehold property - 2% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% straight line and 15% on reducing balance

All fixed assets are initially recorded at cost.

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 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 directors consider 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.

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.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Page 2 continued...
DYNAMIC SIGNAL PROCESSING LIMITED (REGISTERED NUMBER: 02671169)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 34,052
AMORTISATION
At 1 April 2015
and 31 March 2016 34,052
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 666,086
Additions 1,534
Disposals (31,505 )
At 31 March 2016 636,115
DEPRECIATION
At 1 April 2015 320,667
Charge for year 18,389
Eliminated on disposal (12,157 )
At 31 March 2016 326,899
NET BOOK VALUE
At 31 March 2016 309,216
At 31 March 2015 345,419

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
70 Ordinary £1 70 70

Page 3