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Abbreviated Accounts for the Year Ended 31 January 2016 |
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Advanced Digital Dynamics Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 31 January 2016 |
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for |
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Advanced Digital Dynamics Limited |
Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Advanced Digital Dynamics Limited |
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Company Information |
for the Year Ended 31 January 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Registered Auditors |
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Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Abbreviated Balance Sheet |
31 January 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Abbreviated Balance Sheet - continued |
31 January 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 7 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective January 2015). |
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Turnover |
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of services |
provided in the normal course of business. Revenue is recognised when the services have been |
completed. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Website | - |
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Investment property |
No depreciation is provided for in respect of investment properties in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). Such properties are held for their |
investment potential and not for consumption within the business. This is a departure from Companies |
Act 2006 which requires that all properties be depreciated and the directors consider that to depreciate |
them would not enable the financial statements to give a true and fair view.Investment properties are |
stated at their market value at the balance sheet date. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Disposals | ( |
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At 31 January 2016 |
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AMORTISATION |
At 1 February 2015 |
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Eliminated on disposal | ( |
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At 31 January 2016 |
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NET BOOK VALUE |
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At 31 January 2016 |
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At 31 January 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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Disposals | ( |
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At 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 February 2015 | 500 |
Disposals | (500 | ) |
At 31 January 2016 | - |
NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 February 2015 |
and 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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6. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31.1.16 | 31.1.15 |
£ | £ |
Repayable by instalments | 187,390 | 187,398 |
Advanced Digital Dynamics Limited (Registered number: 03310108) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.16 | 31.1.15 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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Ordinary C | £1 |
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200 | 200 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 January 2016 and |
31 January 2015: |
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31.1.16 | 31.1.15 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Interest on overdrawn loan balances is charged at the official rate. |