Company Registration No. 03588863 (England and Wales)
DOT GROUP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
DOT GROUP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DOT GROUP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
21,464
20,969
Current assets
Debtors
2,604,920
1,355,838
Cash at bank and in hand
43,705
16,065
2,648,625
1,371,903
Creditors: amounts falling due within one year
(2,328,585)
(965,969)
Net current assets
320,040
405,934
Total assets less current liabilities
341,504
426,903
Creditors: amounts falling due after more than one year
(3,587)
-
337,917
426,903
Capital and reserves
Called up share capital
3
115
120
Share premium account
9,289
9,289
Profit and loss account
328,513
417,494
Shareholders' funds
337,917
426,903
For the financial year ended 30 June 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 March 2017
Sarkis Apcar
Steven Kircher
Director
Director
Company Registration No. 03588863
DOT GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services provided and work done net of VAT and trade discounts. Turnover and costs on software licences are recognised when the income on these becomes receivable.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25%
Motor vehicles
25%
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
DOT GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
111,109
Additions
7,653
At 30 June 2016
118,762
Depreciation
At 1 July 2015
90,140
Charge for the year
7,158
At 30 June 2016
97,298
Net book value
At 30 June 2016
21,464
At 30 June 2015
20,969
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary of 1p each
100
100
1,472 B Shares of 1p each
15
20
115
120
4
Transactions with directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Amount outstanding
Maximum
2016
2015
in year
£
£
£
Director's current account
162,101
105,331
162,101