Drive I. T. Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08803318 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DRIVE I. T. SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Burton

A F Jackson

REGISTERED OFFICE:

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

REGISTERED NUMBER:

08803318 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Tangible assets

2

9,713

1,539

CURRENT ASSETS

Debtors

30,543

51,330

Cash at bank

6,876

12,426

37,419

63,756

CREDITORS

Amounts falling due within one year

29,625

29,594

NET CURRENT ASSETS

7,794

34,162

TOTAL ASSETS LESS CURRENT LIABILITIES

17,507

35,701

PROVISIONS FOR LIABILITIES

1,943

308

NET ASSETS

15,564

35,393

CAPITAL AND RESERVES

Called up share capital

3

100

99

Retained earnings

15,464

35,294

SHAREHOLDERS' FUNDS

15,564

35,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 17 March 2016 and were signed on its behalf by:

A J Burton - Director

A F Jackson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,180

Additions

13,128

At 31 December 2015

15,308

DEPRECIATION

At 1 January 2015

641

Charge for year

4,954

At 31 December 2015

5,595

NET BOOK VALUE

At 31 December 2015

9,713

At 31 December 2014

1,539

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

99

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.