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REGISTERED NUMBER: 05170335 (England and Wales)



















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

DIGIFLEX LIMITED

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


DIGIFLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: A Cane
Mrs C Cane





SECRETARY: T Cane





REGISTERED OFFICE: 15 Eldon Way
Hockley
Essex
SS5 4AD





REGISTERED NUMBER: 05170335 (England and Wales)





ACCOUNTANTS: Baverstocks
Chartered Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2017

The directors present their report with the financial statements of the company for the year ended 31 March 2017.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2017 will be £ 150,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report.

A Cane
Mrs C Cane

ON BEHALF OF THE BOARD:





A Cane - Director


20 October 2017

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 202,336 159,879

CURRENT ASSETS
Inventories 805,018 516,521
Debtors 985,959 406,644
Cash at bank and in hand 213,219 426,548
2,004,196 1,349,713
CREDITORS
Amounts falling due within one year 1,262,193 851,761
NET CURRENT ASSETS 742,003 497,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,339

657,831

PROVISIONS FOR LIABILITIES 38,727 29,854
NET ASSETS 905,612 627,977

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 904,112 626,477
SHAREHOLDERS' FUNDS 905,612 627,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 October 2017 and were signed on its behalf by:





A Cane - Director


DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Digiflex Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 25% on reducing balance
Office Equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

DIGIFLEX LIMITED (REGISTERED NUMBER: 05170335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

2. ACCOUNTING POLICIES - continued

Employee benefit trusts
The Company has created a trust whose beneficiaries will include employees of the Company and their
dependents. Assets held under this trust will be controlled by trustees who will be acting independently and
entirely at their own discretion.
Where assets are held in the trust and these are considered by the Company to be in respect of services already
provided by employees to the Company, the Company will account for these as assets of the trust when payment
is made to the trust. The value transferred will be charged in the Company's profit and loss account for the year
to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2016 324,857
Additions 112,850
At 31 March 2017 437,707
DEPRECIATION
At 1 April 2016 164,978
Charge for year 70,393
At 31 March 2017 235,371
NET BOOK VALUE
At 31 March 2017 202,336
At 31 March 2016 159,879

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and
31 March 2016:

2017 2016
£    £   
A Cane and Mrs C Cane
Balance outstanding at start of year - -
Amounts advanced 299,616 -
Amounts repaid (194,977 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 104,639 -

6. RELATED PARTY DISCLOSURES

The controlling party is A Cane.