Abbreviated Company Accounts - DE VILLIERS WALTON LIMITED

DE VILLIERS WALTON LIMITED - Company Information

04638006 DE VILLIERS WALTON LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 04638006 2013-02-01 2014-01-31 04638006 2014-01-31 04638006 2013-01-31 04638006 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 04638006 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2013-02-01 2014-01-31 uk-gaap-cd-bus:Director3 2014-01-31 uk-gaap-cd-bus:Director3 2013-01-31 iso4217:GBP shares

Registered Number 04638006

DE VILLIERS WALTON LIMITED

Abbreviated Accounts

31 January 2014

DE VILLIERS WALTON LIMITED Registered Number 04638006

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,693	5,915
Investments	3	31,003	65,738
		33,696	71,653
Current assets
Debtors		232,513	385,778
Cash at bank and in hand		23,979	72,594
		256,492	458,372
Creditors: amounts falling due within one year		(83,747)	(114,517)
Net current assets (liabilities)		172,745	343,855
Total assets less current liabilities		206,441	415,508
Total net assets (liabilities)		206,441	415,508
Capital and reserves
Called up share capital		40,000	40,000
Profit and loss account		166,441	375,508
Shareholders' funds		206,441	415,508

For the year ending 31 January 2014 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 30 October 2014

And signed on their behalf by:
Mr DJ De Villiers, Director

DE VILLIERS WALTON LIMITED Registered Number 04638006

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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 April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference to
the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Computer Hardware and Software - 33.33% straight line

Other accounting policies
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the
scheme are held separately from those of the company. The annual contributions payable are
charged to the profit and loss account.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate of exchange ruling at the date of the transaction. Exchange differences are taken into
account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 February 2013	53,011
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	53,011
Depreciation
At 1 February 2013	47,096
Charge for the year	3,222
On disposals	-
At 31 January 2014	50,318
Net book values
At 31 January 2014	2,693
At 31 January 2013	5,915

3Fixed assets Investments
The company owns 100% of the issued share capital of De Villiers Walton Inc., a company
incorporated in the United States of America. Their results are as follows:
2014 2013
Aggregate capital and reserves in US$ 10,303 91,148
Profit and (loss) for the year in US$ (24,837) 133,389
Under the provision of section 229 of the Companies Act 2006 the company is exempt from
preparing consolidated accounts and has not done so, therefore the accounts show information
about the company as an individual entity.

4Transactions with directors

Name of director receiving advance or credit:	Mr D Walton
Description of the transaction:	Loan
Balance at 1 February 2013:	£ 35,912
Advances or credits made:	-
Advances or credits repaid:	£ 10,773
Balance at 31 January 2014:	£ 25,139

The advances were all unsecured, repayable on demand and interest
was charged at 4% per year.