8DA LIMITED
Registered number: 08467933
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 24,268 11,212
Current assets
Debtors 4 - 10,269
Cash at bank and in hand 47,316 15,140
47,316 25,409
Creditors: amounts falling due within one year 5 (41,931) (33,622)
Net current assets/(liabilities) 5,385 (8,213)
Total assets less current liabilities 29,653 2,999
Provisions for liabilities (4,854) (2,242)
Net assets 24,799 757
Capital and reserves
Called up share capital 1 1
Profit and loss account 24,798 756
Shareholder's funds 24,799 757
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R D James
Director
Approved by the board on 24 October 2017
8DA LIMITED
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture & equipment 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture & equipment
£
Cost
At 1 April 2016 18,909
Additions 21,145
At 31 March 2017 40,054
Depreciation
At 1 April 2016 7,697
Charge for the year 8,089
At 31 March 2017 15,786
Net book value
At 31 March 2017 24,268
At 31 March 2016 11,212
4 Debtors 2017 2016
£ £
Trade debtors - 10,269
5 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 7,400 4,561
Other taxes and social security costs 474 2,661
Other creditors 34,057 26,400
41,931 33,622
6 Other information
8DA LIMITED is a private company limited by shares and incorporated in England and Wales. Its registered office is at:
34 Burnham Road
Downham Market
Norfolk
PE38 9SF
8DA LIMITED 08467933 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts March 2017 R D James No description of principal activity 08467933 2015-04-01 2016-03-31 08467933 core:WithinOneYear 2016-03-31 08467933 core:ShareCapital 2016-03-31 08467933 core:RetainedEarningsAccumulatedLosses 2016-03-31 08467933 2016-04-01 2017-03-31 08467933 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 08467933 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 08467933 bus:Director40 2016-04-01 2017-03-31 08467933 1 2016-04-01 2017-03-31 08467933 2 2016-04-01 2017-03-31 08467933 core:PlantMachinery 2016-04-01 2017-03-31 08467933 countries:England 2016-04-01 2017-03-31 08467933 bus:FRS102 2016-04-01 2017-03-31 08467933 bus:FullAccounts 2016-04-01 2017-03-31 08467933 2017-03-31 08467933 core:WithinOneYear 2017-03-31 08467933 core:ShareCapital 2017-03-31 08467933 core:RetainedEarningsAccumulatedLosses 2017-03-31 08467933 core:PlantMachinery 2017-03-31 08467933 2016-03-31 08467933 core:PlantMachinery 2016-03-31 iso4217:GBP xbrli:pure

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