ABC DIGITAL SOLUTIONS (MIDLANDS) LTD Small abbreviated accounts

COMPANY REGISTRATION NUMBER 04199198

ABC DIGITAL SOLUTIONS (MIDLANDS) LTD

UNAUDITED ABBREVIATED ACCOUNTS

30 September 2015

ABC DIGITAL SOLUTIONS (MIDLANDS) LTD

ABBREVIATED BALANCE SHEET

30 September 2015

	2015	2014
Note	£	£	£
Fixed assets	2
Tangible assets		854	2,698
Investments		25	25
		----	-------
		879	2,723
		----	-------

Current assets

Debtors	226,636		15,711
Cash at bank and in hand	33,705		102,636
	---------		---------
	260,341		118,347
Creditors: Amounts falling due within one year	( 235,709)		( 93,448)
	---------		---------
Net current assets		24,632	24,899
		--------	--------
Total assets less current liabilities		25,511	27,622
		--------	--------

Capital and reserves

Called up equity share capital	4		100	100
Profit and loss account		25,411	27,522
		--------	--------
Shareholders' funds		25,511	27,622
		--------	--------

For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 12 July 2016 , and are signed on their behalf by:

S B Burgess Director

Company Registration Number: 04199198

ABC DIGITAL SOLUTIONS (MIDLANDS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 SEPTEMBER 2015

1. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.

Cash flow statement

The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost .

Depreciation

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:

Plant & Machinery-25% & 33.33% straight line

Fixtures, Fittings & Equipment-15% straight line

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 directors consider 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.

2. Fixed assets

Tangible Assets	Investments	Total
£	£	£

Cost

At 1 October 2014	9,291	25	9,316
Additions	915	–	915
	--------	----	--------
At 30 September 2015	10,206	25	10,231
	--------	----	--------

Depreciation

At 1 October 2014	6,593	–	6,593
Charge for year	2,759	–	2,759
	-------	----	-------
At 30 September 2015	9,352	–	9,352
	-------	----	-------

Net book value

At 30 September 2015	854	25	879
	----	----	----

At 30 September 2014	2,698	25	2,723
	-------	----	-------

The company owns 25 % of the issued Ordinary share capital of ABC Digital Solutions (Bishopsgate) Limited , a company incorporated in England and Wales. The principal activity of the company was the provision of digital services . At the last relevant financial year end the aggregate net liabilities were £5,570 and the profit after taxation was £1,522.

3. Transactions with the directors

The following director had an interest free loan during the year. The movements on the loan were as follows:

	2015	2014	Maximum in the year
	£	£	£
S Harvey	–	15,000	15,000

4. Share capital

Authorised share capital:

	2015	2014
	£	£
40 Ordinary Class A shares of £ 1 each	40	40
40 Ordinary Class B shares of £ 1 each	40	40
10 Ordinary Class C shares of £ 1 each	10	10
5 Ordinary Class D shares of £ 1 each	5	5
5 Ordinary Class E shares of £ 1 each	5	5
	----	----
	100	100
	----	----

Allotted and called up:

2015	2014
No.	£	No.	£

Ordinary Class A shares of £ 1 each	40	40	40	40
Ordinary Class B shares of £ 1 each	40	40	40	40
Ordinary Class C shares of £ 1 each	10	10	10	10
Ordinary Class D shares of £ 1 each	5	5	5	5
Ordinary Class E shares of £ 1 each	5	5	5	5
	----	----	----	----
	100	100	100	100
	----	----	----	----

The amounts of paid up share capital for the following categories of shares differed from the called up share capital stated above due to unpaid calls and were as follows:

		2015		2014
		£		£

Ordinary Class A shares	100	100
	----	----