Derventio Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05809705 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Derventio Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S G Reece

Mrs L J Reece

D Roberts

I T Parkin

SECRETARY:

Mrs L J Reece

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

05809705 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

2

4,764

6,773

CURRENT ASSETS

Debtors

3

83,586

69,480

Cash at bank and in hand

98,994

114,181

182,580

183,661

CREDITORS

Amounts falling due within one year

267,973

152,277

NET CURRENT (LIABILITIES)/ASSETS

(85,393

)

31,384

TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,629

)

38,157

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(80,729

)

38,057

SHAREHOLDERS' FUNDS

(80,629

)

38,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 November 2016 and were signed on
its behalf by:

S G Reece - 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 the value of goods and services supplied during the period, net of 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable

profits from which the future reversal of underlying timing differences and losses can be deducted.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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 the profit and loss account in the period to which they

relate.

Grants

Revenue grants receivable are recognised in the profit and loss account as other income when

entitlement conditions are satisfied and are matched with the relevant expenditure incurred during the

year.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

11,129

DEPRECIATION

At 1 June 2015

4,356

Charge for year

2,009

At 31 May 2016

6,365

NET BOOK VALUE

At 31 May 2016

4,764

At 31 May 2015

6,773

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 25,865 (2015 - £ 25,500 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

77

Ordinary A

£1

77

23

Ordinary B

£1

23

100