D. H. SYSTEMS CONSULTANCY LIMITED - Filleted accounts

D. H. SYSTEMS CONSULTANCY LIMITED - Filleted accounts

D.H. SYSTEMS CONSULTANCY LIMITED - Company Information

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Registered number
SC182536
D. H. SYSTEMS CONSULTANCY LIMITED
Filleted Accounts
31 January 2017
D. H. SYSTEMS CONSULTANCY LIMITED
Registered number: SC182536
Balance Sheet
as at 31 January 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 42,969 36,594
Current assets
Debtors 4 348,416 357,783
Cash at bank and in hand 169,939 121,390
518,355 479,173
Creditors: amounts falling due within one year 5 (341,604) (372,466)
Net current assets 176,751 106,707
Net assets 219,720 143,301
Capital and reserves
Called up share capital 10 10
Profit and loss account 219,710 143,291
Shareholder's funds 219,720 143,301
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Harcourt
Director
Approved by the board on 4 September 2017
D. H. SYSTEMS CONSULTANCY LIMITED
Notes to the Accounts
for the year ended 31 January 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2016 119,693 23,104 142,797
Additions 20,030 - 20,030
At 31 January 2017 139,723 23,104 162,827
Depreciation
At 1 February 2016 90,409 15,794 106,203
Charge for the year 12,328 1,327 13,655
At 31 January 2017 102,737 17,121 119,858
Net book value
At 31 January 2017 36,986 5,983 42,969
At 31 January 2016 29,284 7,310 36,594
4 Debtors 2017 2016
£ £
Trade debtors 210,945 252,430
Other debtors 137,471 105,353
348,416 357,783
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 505 137,363
Customs & Excise 45,821 17,744
Corporation tax 30,162 -
Directors Account 27,613 16,129
Accruals 2,600 2,600
Other taxes and social security costs 8,336 10,528
Other creditors 226,567 188,102
341,604 372,466
6 Related party disclosures
The director has given a loan to the company, the balance of which at the year end is stated in Note 5. This will be repaid when the company has sufficient funds to repay without affecting its cash flow.
Dividends were paid to the shareholders, as per the Statement of Changes in Equity.
7 Ultimate controlling party
The director David Harcourt is the ultimate controlling party. He owns 70% of the called up share capital.
8 Other information
D. H. SYSTEMS CONSULTANCY LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Unit 11
The Clocktower
Flassches Yard
Edinburgh
EH12 9LB
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