Dogfish Mobile Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: SC394416 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

Dogfish Mobile Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Tuffee

P Burrowes

Mrs K Tuffee

Mrs J Burrowes

REGISTERED OFFICE:

Woodlands

Ewanfield

Crieff

Perthshire

PH7 3DA

REGISTERED NUMBER:

SC394416 (Scotland)

ACCOUNTANTS:

Kelly Accounting Limited

Chartered Accountants

42 Comrie Street

Crieff

Perthshire

PH7 4AX

FIXED ASSETS

Tangible assets

4

24,798

19,388

Investments

5

2,880

2,880

27,678

22,268

CURRENT ASSETS

Stocks

6

122,645

79,889

Debtors

7

677,913

670,664

Cash at bank

318,290

443,444

1,118,848

1,193,997

CREDITORS

Amounts falling due within one year

8

332,570

262,336

NET CURRENT ASSETS

786,278

931,661

TOTAL ASSETS LESS CURRENT LIABILITIES

813,956

953,929

PROVISIONS FOR LIABILITIES

4,960

3,878

NET ASSETS

808,996

950,051

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

808,976

950,031

SHAREHOLDERS' FUNDS

808,996

950,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 June 2017 and were signed on its behalf by:

P Burrowes - Director

R W Tuffee - Director

1.	STATUTORY INFORMATION

Dogfish Mobile Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Dogfish Mobile Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2016 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

74,735

Additions

22,477

At 28 February 2017

97,212

DEPRECIATION

At 1 March 2016

55,347

Charge for year

17,067

At 28 February 2017

72,414

NET BOOK VALUE

At 28 February 2017

24,798

At 29 February 2016

19,388

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2016

and 28 February 2017

2,880

NET BOOK VALUE

At 28 February 2017

2,880

At 29 February 2016

2,880

6.

STOCKS

28.2.17

29.2.16

£

£

Work-in-progress

122,645

79,889

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

418,597

419,983

Amounts owed by group undertakings

23,517

23,517

Other debtors

235,799

227,164

677,913

670,664

Included in other debtors is £20 in respect of unpaid share capital.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

67,671

63,399

Taxation and social security

89,718

80,886

Other creditors

175,181

118,051

332,570

262,336

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2017

and 29 February 2016:

28.2.17

29.2.16

£

£

P Burrowes and Mrs J Burrowes

Balance outstanding at start of year

107,098

103,892

Amounts advanced

-

3,206

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

107,098

107,098

R W Tuffee and Mrs K Tuffee

Balance outstanding at start of year

107,881

100,821

Amounts advanced

-

7,060

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

107,881

107,881

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

11.	SHARE OPTIONS

On 21 September 2015 the company granted options to employees to acquire 400 E ordinary £0.01

shares at an issue price of £1,250 per share at any time up to 10 years from the date of grant.