Company Registration No. 05378889 (England and Wales)
DOMAIN SUPPORT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
DOMAIN SUPPORT LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DOMAIN SUPPORT LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,221
11,761
Current assets
Debtors
20,895
3,332
Cash at bank and in hand
13,141
11,933
34,036
15,265
Creditors: amounts falling due within one year
(19,139)
(24,162)
Net current assets/(liabilities)
14,897
(8,897)
Total assets less current liabilities
17,118
2,864
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
17,117
2,863
Shareholders' funds
17,118
2,864
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 18 August 2016
Mr O T Campion
Director
Company Registration No. 05378889
DOMAIN SUPPORT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
5% straight line
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
17,222
Additions
2,677
Disposals
(14,547)
At 31 March 2016
5,352
Depreciation
At 1 April 2015
5,461
On disposals
(3,073)
Charge for the year
743
At 31 March 2016
3,131
Net book value
At 31 March 2016
2,221
At 31 March 2015
11,761
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
DOMAIN SUPPORT LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
O Campion
3.00
(9,316)
30,551
228
4,663
16,800
(9,316)
30,551
228
4,663
16,800