Company Registration No. 05554776 (England and Wales)
DIGITAL DISPLAY SYSTEMS UK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
DIGITAL DISPLAY SYSTEMS UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DIGITAL DISPLAY SYSTEMS UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,462
5,949
Current assets
Stocks
40,931
28,750
Debtors
9,322
38,455
Cash at bank and in hand
4,414
-
54,667
67,205
Creditors: amounts falling due within one year
(12,192)
(42,544)
Net current assets
42,475
24,661
Total assets less current liabilities
46,937
30,610
Capital and reserves
Called up share capital
3
70
70
Profit and loss account
46,867
30,540
Shareholders' funds
46,937
30,610
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 February 2017
A D Roberton
Director
Company Registration No. 05554776
DIGITAL DISPLAY SYSTEMS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
40,780
Depreciation
At 1 October 2015
34,831
Charge for the year
1,487
At 30 September 2016
36,318
Net book value
At 30 September 2016
4,462
At 30 September 2015
5,949
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
70 ordinary shares of £1 each
70
70
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