Registration number:
for the Year Ended
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
Public Digital Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Public Digital Limited
Company Information
Directors |
T W F Loosemore B J Terrett A D Greenway M T Bracken |
Registered office |
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Accountants |
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Page 1 |
Public Digital Limited
(Registration number: 09819399)
Balance Sheet as at 31 October 2017
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2017 |
2016 |
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Current assets |
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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 |
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Net 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 ended 31 October 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
B J Terrett
Director
Page 2 |
Public Digital Limited
Notes to the Financial Statements for the Year Ended 31 October 2017
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is: 81 Rivington Street, London, EC2A 3AY.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Share capital
Ordinary shares are classified as equity.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.
Page 3 |
Public Digital Limited
Notes to the Financial Statements for the Year Ended 31 October 2017
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stocks |
2017 |
2016 |
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Work in progress |
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Debtors |
2017 |
2016 |
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Trade debtors |
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Other debtors |
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- |
Total current trade and other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2017 |
2016 |
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Due within one year |
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Loans and borrowing |
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Corporation tax |
77,663 |
29,163 |
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Accruals and deferred income |
1,490 |
1,500 |
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Loans and borrowings |
2017 |
2016 |
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Current loans and borrowings |
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Directors loan |
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Page 4 |
Public Digital Limited
Notes to the Financial Statements for the Year Ended 31 October 2017
Transition to FRS 102 |
There are no adjustments required to equity or profit.
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