Registration number:
Digital Design Labs Limited
for the Year Ended 30 June 2017
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
Digital Design Labs Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Digital Design Labs Limited
Company Information
Directors |
Mr C Jelfs M A Hall |
Company secretary |
Mr C Jelfs |
Registered office |
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Accountants |
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Page 1 |
Digital Design Labs Limited
(Registration number: 09457362)
Balance Sheet as at 30 June 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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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 |
( |
( |
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Net current (liabilities)/assets |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
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For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The profit and loss account and directors’ report have not been delivered to the Registrar of Companies in accordance with section 444 of the Companies Act 2006.
Approved and authorised by the
Mr C Jelfs
Company secretary and director
Page 2 |
Digital Design Labs Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
General information |
The company is a private company limited by share capital incorporated in England & Wales. The company's registered office address can be found on the Company Information page.
The principal place of business is:
Liverpool Science Park
131 Mount Pleasant
Liverpool
L3 5TF
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis due to the continued support of the shareholders and directors.
Revenue recognition
Turnover represents the amounts, including value added tax, from revenue generated by website development and management fees.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life
Asset class |
Depreciation method and rate |
Computer equipment |
33% on cost |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 3 |
Digital Design Labs Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Computer equipment |
Total |
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Cost or valuation |
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At 1 July 2016 |
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At 30 June 2017 |
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Depreciation |
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At 1 July 2016 |
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Charge for the year |
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At 30 June 2017 |
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Carrying amount |
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At 30 June 2017 |
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At 30 June 2016 |
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Debtors |
2017 |
2016 |
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Trade debtors |
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Other debtors |
8,094 |
100 |
Prepayments and accrued income |
2,184 |
1,548 |
Total current trade and other debtors |
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Creditors |
Page 4 |
Digital Design Labs Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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- |
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Trade creditors |
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Taxation and social security |
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Amounts owed to group undertakings |
29,571 |
10,000 |
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Other creditors |
- |
1,088 |
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Accruals |
7,800 |
1,970 |
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Corporation tax |
- |
210 |
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Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Loans and borrowings |
2017 |
2016 |
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Current loans and borrowings |
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Bank overdrafts |
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- |
Parent and ultimate parent undertaking |
The company's immediate parent is
Transition to FRS 102 |
Page 5 |