Digital Home Visits Technologies Ltd. - Accounts to registrar (filleted) - small 18.2
Digital Home Visits Technologies Ltd. - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2018 |
for |
Digital Home Visits Technologies Ltd. |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Digital Home Visits Technologies Ltd. |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Statement of Financial Position |
31 March 2018 |
31.3.17 | 31.3.18 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) | TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
( |
) | NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
( |
) | Retained earnings | ( |
) |
( |
) | SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Statement of Financial Position - continued |
31 March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Digital Home Visits Technologies Ltd. is a |
England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment |
losses. |
Tangible fixed assets |
Computer Equipment | - |
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 |
have been enacted or substantively enacted by the statement of financial position date. |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the statement of financial position 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. |
Research and development |
Expenditure on research and development of £103,096 and £261,475 for the period from 20 |
September 2016 to 31 March 2017 and for the year ended 31 March 2018 respectively has |
been written off in the year in which it is incurred. |
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. |
Going concern |
The financial statements are prepared on a going concern basis on the grounds that |
continued financial support will be made available by the shareholders. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
5. | INTANGIBLE FIXED ASSETS |
Patents & |
Licences |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
AMORTISATION |
At 1 April 2017 |
Amortisation for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
6. | TANGIBLE FIXED ASSETS |
Computer |
Equipment |
£ |
COST |
At 1 April 2017 |
Additions |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Other debtors |
Digital Home Visits Technologies Ltd. (Registered number: 10385253) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.18 | 31.3.17 |
£ | £ |
Within one year |
10. | RELATED PARTY DISCLOSURES |
Creditors include loan from the holding company Digital Home Visits Limited in the amount |
of £1,318,564. The loan is free of interest and repayable on demand. |
Company's Turnover includes invoices totalling £137,818 being issued to the holding |
company Digital Home Visits Limited. Sales invoices totalling £20,050 were outstanding on |
31 March 2018 and were settled in the following month. |
Other Debtors include accrued income of £111,103, to be invoiced to the holding company |
Digital Home Visits Limited, for legal fees paid on its behalf. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |