Abbreviated Company Accounts - DEBTS SOLVED LIMITED

DEBTS SOLVED LIMITED - Company Information

06391280 DEBTS SOLVED LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06391280 2015-04-01 2016-03-31 06391280 2016-03-31 06391280 2015-03-31 06391280 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06391280 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06391280

DEBTS SOLVED LIMITED

Abbreviated Accounts

31 March 2016

DEBTS SOLVED LIMITED Registered Number 06391280

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	14,088	16,574
		14,088	16,574
Current assets
Debtors		228,504	122,983
Cash at bank and in hand		120,173	159,704
		348,677	282,687
Creditors: amounts falling due within one year		(56,684)	(29,677)
Net current assets (liabilities)		291,993	253,010
Total assets less current liabilities		306,081	269,584
Total net assets (liabilities)		306,081	269,584
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		305,981	269,484
Shareholders' funds		306,081	269,584

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 November 2016

And signed on their behalf by:
A CANNING, Director

DEBTS SOLVED LIMITED Registered Number 06391280

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Plant and machinery - 15% Reducing Balance.

Other accounting policies
Deferred Taxation
Deferred tax is recognised without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet, except as reqiured by the FRSSE.

Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2015	26,696
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	26,696
Depreciation
At 1 April 2015	10,122
Charge for the year	2,486
On disposals	-
At 31 March 2016	12,608
Net book values
At 31 March 2016	14,088
At 31 March 2015	16,574

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100