Registered Number 05334399

DATANET SOLUTIONS LIMITED

Abbreviated Accounts

31 January 2016

DATANET SOLUTIONS LIMITED Registered Number 05334399

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 41,169 23,640
41,169 23,640
Current assets
Stocks 10,835 5,203
Debtors 41,579 50,573
Cash at bank and in hand 7,082 61,768
59,496 117,544
Creditors: amounts falling due within one year (93,241) (124,796)
Net current assets (liabilities) (33,745) (7,252)
Total assets less current liabilities 7,424 16,388
Total net assets (liabilities) 7,424 16,388
Capital and reserves
Called up share capital 3 4 4
Profit and loss account 7,420 16,384
Shareholders' funds 7,424 16,388
  • For the year ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 October 2016

And signed on their behalf by:
R Lewis, Director

DATANET SOLUTIONS LIMITED Registered Number 05334399

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% reducing line
Land and buildings 10% straight line

2Tangible fixed assets
£
Cost
At 1 February 2015 53,145
Additions 23,488
Disposals -
Revaluations -
Transfers -
At 31 January 2016 76,633
Depreciation
At 1 February 2015 29,505
Charge for the year 5,959
On disposals -
At 31 January 2016 35,464
Net book values
At 31 January 2016 41,169
At 31 January 2015 23,640
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
4 Ordinary shares of £1 each 4 4