Abbreviated Company Accounts - DAKA LIGHT LIMITED

Abbreviated Company Accounts - DAKA LIGHT LIMITED


Registered Number 08025171

DAKA LIGHT LIMITED

Abbreviated Accounts

30 April 2016

DAKA LIGHT LIMITED Registered Number 08025171

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,580 5,730
6,580 5,730
Current assets
Debtors 2,394 8,104
Cash at bank and in hand 5,801 -
8,195 8,104
Creditors: amounts falling due within one year (18,067) (12,540)
Net current assets (liabilities) (9,872) (4,436)
Total assets less current liabilities (3,292) 1,294
Provisions for liabilities (1,316) (1,146)
Total net assets (liabilities) (4,608) 148
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (4,708) 48
Shareholders' funds (4,608) 148
  • For the year ending 30 April 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 15 January 2017

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 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 January 2015.

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
£
Cost
At 1 May 2015 9,357
Additions 3,044
Disposals -
Revaluations -
Transfers -
At 30 April 2016 12,401
Depreciation
At 1 May 2015 3,627
Charge for the year 2,194
On disposals -
At 30 April 2016 5,821
Net book values
At 30 April 2016 6,580
At 30 April 2015 5,730

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100Ordinary shares of £1 each 100 100