Caseware UK (AP4) 2016.0.181 2016.0.181 2018-02-282018-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-02-01 09412121 2017-02-01 2018-02-28 09412121 2016-02-01 2017-01-31 09412121 2018-02-28 09412121 2017-01-31 09412121 c:Director2 2017-02-01 2018-02-28 09412121 d:CurrentFinancialInstruments 2018-02-28 09412121 d:CurrentFinancialInstruments 2017-01-31 09412121 d:CurrentFinancialInstruments d:WithinOneYear 2018-02-28 09412121 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 09412121 d:ShareCapital 2018-02-28 09412121 d:ShareCapital 2017-01-31 09412121 d:RetainedEarningsAccumulatedLosses 2018-02-28 09412121 d:RetainedEarningsAccumulatedLosses 2017-01-31 09412121 c:FRS102 2017-02-01 2018-02-28 09412121 c:AuditExempt-NoAccountantsReport 2017-02-01 2018-02-28 09412121 c:FullAccounts 2017-02-01 2018-02-28 09412121 c:PrivateLimitedCompanyLtd 2017-02-01 2018-02-28 iso4217:GBP xbrli:pure

Registered number: 09412121









DJATA LTD.







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2018

 
DJATA LTD.
REGISTERED NUMBER: 09412121

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2018

28 February
31 January
2018
2017
Note
£
£

  

Current assets
  

Stocks
 4 
-
12,000

Debtors: amounts falling due within one year
 5 
11,012
96,421

Cash at bank and in hand
 6 
9,531
32,514

  
20,543
140,935

Creditors: amounts falling due within one year
 7 
(21,420)
(2,245,032)

Net current liabilities
  
 
 
(877)
 
 
(2,104,097)

Total assets less current liabilities
  
(877)
(2,104,097)

  

Net liabilities
  
(877)
(2,104,097)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(977)
(2,104,197)

  
(877)
(2,104,097)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2018.


J Tittel
Director
The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DJATA LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2018

1.


General information

Djata Ltd. is a private company limited by shares and registered in England & Wales. The address of its registered office is Trafalgar House, Nelson Place, Lymington, Hampshire SO41 3RT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net liabilities of £877 and is dependent on the support of its investors who have confirmed their intention to support the company. As a result the directors believe it is appropriate to prepare the accounts on the going concern basis.

 
2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Comprehensive Income in the period it is contractually due. 
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Comprehensive Income.

 
2.4

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Comprehensive Income over the period in which rights to the relevant production are being exploited by the Company.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from third parties.

Page 2

 
DJATA LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2018

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Taxation

Tax is recognised in the statement of comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on film production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2017 - 2).


4.


Stocks

28 February
31 January
2018
2017
£
£

Film production costs
-
12,000

-
12,000


Page 3

 
DJATA LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2018

5.


Debtors

28 February
31 January
2018
2017
£
£


Other debtors
11,012
96,421

11,012
96,421



6.


Cash and cash equivalents

28 February
31 January
2018
2017
£
£

Cash at bank and in hand
9,531
32,514

9,531
32,514



7.


Creditors: Amounts falling due within one year

28 February
31 January
2018
2017
£
£

Trade creditors
-
78,339

Other creditors
21,420
2,166,693

21,420
2,245,032



8.


Controlling party

During the current and preceeding year, the company was under the control of the directors by virtue of their shareholding.

 
Page 4