Derwent Valley Solutions Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 06465678 (England and Wales)

Derwent Valley Solutions Limited

Unaudited Financial Statements for the Year Ended 31 January 2016

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S S Joyner

SECRETARY:

Ms L A Preece

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

06465678 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Cater Allen Private Bank

Abbey House

9 Nelson Street

Bradford

BD1 5AN

FIXED ASSETS

Tangible assets

3

2,572

2,283

CURRENT ASSETS

Debtors: amounts falling due within one year

4

4,068

12,269

Cash at bank

92,032

78,987

96,100

91,256

CREDITORS

Amounts falling due within one year

5

44,225

44,777

NET CURRENT ASSETS

51,875

46,479

TOTAL ASSETS LESS CURRENT LIABILITIES

54,447

48,762

PROVISIONS FOR LIABILITIES

493

431

NET ASSETS

53,954

48,331

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,854

48,231

SHAREHOLDERS' FUNDS

53,954

48,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Financial Position for the year ended 31 January 2016 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 director on 19 May 2016 and were signed by:

S S Joyner - Director

1.	STATUTORY INFORMATION

Derwent Valley Solutions 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.

The financial statements have been prepared in accordance with applicable accounting standards and estimation

techniques.

Turnover

Turnover represents invoiced sales of services including value added tax at the appropriate rate. The company

operates a flat rate value added tax scheme and an adjustment for the value added tax due is included within

expenditure.

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 15% on reducing balance

Deferred tax

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

statement of financial position date.

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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2015

9,231

Additions

2,066

At 31 January 2016

11,297

DEPRECIATION

At 1 February 2015

6,948

Charge for year

1,777

At 31 January 2016

8,725

NET BOOK VALUE

At 31 January 2016

2,572

At 31 January 2015

2,283

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

At the year end the company had total debtors of £4,068 (2015 £12,269).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

At the year end the company had total creditors of £44,225 (2015 £44,777).

6.	ULTIMATE CONTROLLING PARTY

The controlling party is S S Joyner.