true
Disk Depot Limited
SC263125
2016-02-29
-105040
-115235
-104940
-115135
100
100
-104940
-115135
90
346
9857
12559
-94993
-102230
-95443
-102812
193577
206850
98134
104038
98000
99800
134
4238
450
582
450
582
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts have been prepared on the going concern basis. This basis may not be appropriate due to the deficit on the balance sheet at the year end. Should the Company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount to provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The Company is relying on the continued support of the Director.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Fixtures & Fittings
Reducing Balance
0.2000
Equipment
Reducing Baance
0.2500
5208
5208
4758
4626
132
5208
5208
4758
4626
132
Ordinary
500000
1
500000
500000
Ordinary
1
100
100
100
During the year the Company was owned and controlled by Mr N Findlater.
At the year end the Company owed Mr N Findlater £57,120 (last year £56,700). This is disclosed under creditors.
2016-11-29
Mr N Findlater
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Disk Depot Limited
2015-03-01
2016-02-29
Disk Depot Limited
2014-03-01
2015-02-28
Disk Depot Limited
2014-02-28
Disk Depot Limited
2015-02-28
Disk Depot Limited
2015-02-28
Disk Depot Limited
2016-02-29
2016-11-30