Diligent World Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC493966 (Scotland)

DILIGENT WORLD LIMITED

ABBREVIATED ACCOUNTS FOR THE PERIOD 23RD DECEMBER 2014 TO 31ST MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C D Field

E J Mckenzie

REGISTERED OFFICE:

205 St. Vincent Street

Glasgow

G2 5QD

REGISTERED NUMBER:

SC493966 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

FIXED ASSETS

Tangible assets

2

1,008

CURRENT ASSETS

Debtors

10,332

Cash at bank

8,875

19,207

CREDITORS

Amounts falling due within one year

19,088

NET CURRENT ASSETS

119

TOTAL ASSETS LESS CURRENT LIABILITIES

1,127

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

1,123

SHAREHOLDERS' FUNDS

1,127

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2016 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 20th September 2016 and were signed on its behalf by:

C D Field - Director

E J Mckenzie - Director

1.	ACCOUNTING POLICIES

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 January 2015).

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.

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date. Timing differences are differences between the

company's taxable profit and its results as stated in the financial statements that arise from the inclusion of gains

or losses in tax assessments in periods different from those in which they are recognised in the financial

statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis

of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from

which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a

non-discount basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,344

At 31st March 2016

1,344

DEPRECIATION

Charge for period

336

At 31st March 2016

336

NET BOOK VALUE

At 31st March 2016

1,008

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

400

Ordinary

1p

4