Registered number
06887853
Display Mode Limited
Abbreviated Accounts
31 March 2014
Display Mode Limited
Registered number: 06887853
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 12,148 10,591
Tangible assets 3 524,752 526,776
536,900 537,367
Current assets
Stocks 211,495 147,690
Debtors 844,662 471,208
Cash at bank and in hand 162,366 206,202
1,218,523 825,100
Creditors: amounts falling due within one year (524,337) (516,736)
Net current assets 694,186 308,364
Total assets less current liabilities 1,231,086 845,731
Creditors: amounts falling due after more than one year (130,718) (139,603)
Provisions for liabilities (7,979) (30,283)
Net assets 1,092,389 675,845
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 1,092,387 675,843
Shareholders' funds 1,092,389 675,845
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mrs H McCallum
Director
Approved by the board on 9 October 2014
Display Mode Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of display stands provided to retail customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Land and buildings Not depreciated
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 April 2013 11,852
Additions 2,557
At 31 March 2014 14,409
Amortisation
At 1 April 2013 1,261
Provided during the year 1,000
At 31 March 2014 2,261
Net book value
At 31 March 2014 12,148
At 31 March 2013 10,591
3 Tangible fixed assets £
Cost
At 1 April 2013 590,021
Additions 34,201
Disposals (1,750)
At 31 March 2014 622,472
Depreciation
At 1 April 2013 63,245
Charge for the year 35,500
On disposals (1,025)
At 31 March 2014 97,720
Net book value
At 31 March 2014 524,752
At 31 March 2013 526,776
4 Loans 2014 2013
£ £
Creditors include:
Amounts falling due for payment after more than five years 144,818 153,703
Secured bank loans 144,818 153,703
5 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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