D V Developments Southwest Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09271820 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 20 October 2014 to 31 October 2015

for

D V Developments Southwest Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Welch

V Welch

SECRETARY:

REGISTERED OFFICE:

Unit 1B

Pensilva Industrial Estate

Pensilva

Cornwall

PL14 5RE

REGISTERED NUMBER:

09271820 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

CURRENT ASSETS

Stocks

195,893

Cash at bank

6,375

202,268

CREDITORS

Amounts falling due within one year

2

202,705

NET CURRENT LIABILITIES

(437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(437

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(537

)

SHAREHOLDERS' FUNDS

(437

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 by the Board of Directors on 15 July 2016 and were signed on its behalf by:

D J Welch - Director

V Welch - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have assessed going concern and consider that there are no material uncertainties which may

cast significant doubt about the company's ability to continue. As a result, the financial statements have been

prepared using the going concern basis of accounting.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.

CREDITORS

Creditors include an amount of £ 90,000 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £112,205 owed to Mr D J Welch & Mr V Welch, the directors of the

company. No interest is applied to the balance owed and there are no formal settlement terms.