DAIVAS_STUDIO_(GREENWICH) - Accounts

DAIVAS STUDIO (GREENWICH) LTD - Company Information

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Company Registration No. 09597039 (England and Wales)

DAIVAS STUDIO (GREENWICH) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

DAIVAS STUDIO (GREENWICH) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAIVAS STUDIO (GREENWICH) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

2,504

Current assets

Debtors

3,710

Cash at bank and in hand

5,306

9,016

Creditors: amounts falling due within one year

(11,482)

Net current liabilities

(2,466)

Total assets less current liabilities

Capital and reserves

Called up share capital

Profit and loss account

Shareholders' funds

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 11 December 2016

Mr Sean Parker

Mrs D Koriakiniene

Director

Company Registration No. 09597039

DAIVAS STUDIO (GREENWICH) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Plant and machinery

Fixtures, fittings & equipment

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 19 May 2015

Additions

3,090

At 31 May 2016

3,090

Depreciation

At 19 May 2015

Charge for the year

586

At 31 May 2016

586

Net book value

At 31 May 2016

2,504

DAIVAS STUDIO (GREENWICH) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

2 Ordinary of £1 each