dataVista Limited - Abbreviated accounts

dataVista Limited

Abbreviated Accounts

31 May 2016

dataVista Limited

Report to the director on the preparation of the unaudited abbreviated accounts of dataVista Limited for the year ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of dataVista Limited ('the company') for the year ended 31 May 2016 which comprise the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed on its official website at http://www.accaglobal.com.

This report is made solely to the Board of Directors of the company as a body. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors of the company as a body in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not therefore express any opinion on the abbreviated accounts.

G.E Shenton & Co.
Chartered Certified Accountants
St. Pauls House
North Street
Newcastle under Lyme
Staffordshire
ST5 1AZ

20 February 2017

Registered number:						03671232

dataVista Limited
Abbreviated Balance Sheet
As at 31 May 2016

Notes			2016			2015
£				£
FIXED ASSETS
Tangible assets	2		56			74

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		(17,757)			(17,264)

NET CURRENT LIABILITIES			(17,757)			(17,264)

NET LIABILITIES			(17,701)			(17,190)

CAPITAL AND RESERVES
Called up share capital	3		450			450
Profit and loss account			(18,151)			(17,640)

SHAREHOLDERS' FUNDS			(17,701)			(17,190)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



MS. M.J. DUROSE
Director
Approved by the board on 18 February 2017

dataVista Limited
Notes to the Abbreviated Accounts
For the year ended 31 May 2016




1	ACCOUNTING POLICIES

	Basis of preparation
	The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), under the historical cost convention and on the going concern basis, which assumes the continuing support of the director and the company's other creditors. Of the company's liabilities, £8,030 is owed to the sole director, who owns half of the issued share capital, and £9,271 is owed to her husband, who is the owner of the other half of the issued share capital. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities which might arise and to reclassify fixed assets as current assets.

	Turnover
	Turnover represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation is provided for on all tangible fixed assets at the following annual rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful economic life:

	Computer and electronic equipment			33⅓% straight line basis
	Office and photographic equipment			25% reducing balance basis

	A full year's depreciation is charged in the year of acquisition. No depreciation is charged in the year of disposal.

	Impairment
	At each reporting date, fixed assets are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

	Deferred taxation
	Provision for deferred taxation arising as a consequence of timing differences between depreciation charged in the accounts and capital allowances claimed to date is computed under the liability method. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the period in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.






2	TANGIBLE FIXED ASSETS					£

	Cost
	At 1 June 2015					11,919
	At 31 May 2016					11,919

	Depreciation
	At 1 June 2015					11,845
	Charge for the year					18
	At 31 May 2016					11,863

	Net book value
	At 31 May 2016					56
	At 31 May 2015					74



3	SHARE CAPITAL	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		450		450		450