REGISTERED NUMBER: 03764345 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

DESQ LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D J Squire

SECRETARY:

Ms T Dodd

REGISTERED OFFICE:

Sum Studios

1 Hartley Street

Sheffield

South Yorkshire

S2 3AQ

REGISTERED NUMBER:

03764345 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

2

71,776

89,720

Tangible assets

3

39,774

17,759

111,550

107,479

CURRENT ASSETS

Debtors

117,071

112,104

Cash at bank and in hand

26,750

7,973

143,821

120,077

CREDITORS

Amounts falling due within one year

117,066

143,064

NET CURRENT ASSETS/(LIABILITIES)

26,755

(22,987

)

TOTAL ASSETS LESS CURRENT LIABILITIES

138,305

84,492

CREDITORS

Amounts falling due after more than one year

(80,439

)

(78,120

)

PROVISIONS FOR LIABILITIES

(419

)

(787

)

NET ASSETS

57,447

5,585

CAPITAL AND RESERVES

Called up share capital

4

2,000

2,000

Profit and loss account

55,447

3,585

SHAREHOLDERS' FUNDS

57,447

5,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 November 2016 and were signed by:

D J Squire - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sale of services, excluding value added tax

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intellectual property

The amortisation policy for the intellectual property is to write off the development costs over five years from

the commencement of exploitation.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

97,220

AMORTISATION

At 1 May 2015

7,500

Amortisation for year

17,944

At 30 April 2016

25,444

NET BOOK VALUE

At 30 April 2016

71,776

At 30 April 2015

89,720

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

204,288

Additions

30,601

Disposals

(19,229

)

At 30 April 2016

215,660

DEPRECIATION

At 1 May 2015

186,529

Charge for year

8,586

Eliminated on disposal

(19,229

)

At 30 April 2016

175,886

NET BOOK VALUE

At 30 April 2016

39,774

At 30 April 2015

17,759

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2,000

Ordinary

£1

2,000

2,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

£

D J Squire

Balance outstanding at start of year

12,852

8,709

Amounts advanced

-

25,419

Amounts repaid

(1,786

)

(21,276

)

Balance outstanding at end of year

11,066

12,852