Registered Number 06141903

ABC DIGITAL SYSTEMS LIMITED

Abbreviated Accounts

30 March 2014

ABC DIGITAL SYSTEMS LIMITED Registered Number 06141903

Abbreviated Balance Sheet as at 30 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - 22,500
Tangible assets 3 11,841 14,062
11,841 36,562
Current assets
Debtors 154,545 45,817
Cash at bank and in hand 60,425 77,840
214,970 123,657
Creditors: amounts falling due within one year (26,244) (85,868)
Net current assets (liabilities) 188,726 37,789
Total assets less current liabilities 200,567 74,351
Provisions for liabilities (2,368) 0
Total net assets (liabilities) 198,199 74,351
Capital and reserves
Called up share capital 4 90,001 1
Profit and loss account 108,198 74,350
Shareholders' funds 198,199 74,351
  • For the year ending 30 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 January 2015

And signed on their behalf by:
Mr J Davey, Director

ABC DIGITAL SYSTEMS LIMITED Registered Number 06141903

Notes to the Abbreviated Accounts for the period ended 30 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

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

Plant & Machinery etc - 25% on reducing balance and 20% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

2Intangible fixed assets
£
Cost
At 1 April 2013 25,000
Additions -
Disposals (25,000)
Revaluations -
Transfers -
At 30 March 2014 0
Amortisation
At 1 April 2013 2,500
Charge for the year -
On disposals (2,500)
At 30 March 2014 0
Net book values
At 30 March 2014 0
At 31 March 2013 22,500
3Tangible fixed assets
£
Cost
At 1 April 2013 26,917
Additions -
Disposals -
Revaluations -
Transfers -
At 30 March 2014 26,917
Depreciation
At 1 April 2013 12,855
Charge for the year 2,221
On disposals -
At 30 March 2014 15,076
Net book values
At 30 March 2014 11,841
At 31 March 2013 14,062
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary share of £1 each 1 1
90,000 B Ordinary shares of £1 each (0 shares for 2013) 90,000 0

90,000 Ordinary B Shares of £1 each were allotted at par during the year.