Provista UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC267848 (Scotland)

Abbreviated Accounts

for the Year Ended 31 July 2016

for

Provista UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B T Oliver

S W Little

SECRETARY:

S W Little

REGISTERED OFFICE:

5 Candymill Lane

Bothwell Bridge Business Park

HAMILTON

ML3 0FD

REGISTERED NUMBER:

SC267848 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Tangible assets

2

140,552

78,768

CURRENT ASSETS

Stocks

453,855

29,403

Debtors

1,524,903

1,606,133

Cash at bank

1,251,562

1,335,980

3,230,320

2,971,516

CREDITORS

Amounts falling due within one year

2,183,475

1,741,536

NET CURRENT ASSETS

1,046,845

1,229,980

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,397

1,308,748

PROVISIONS FOR LIABILITIES

26,866

14,550

NET ASSETS

1,160,531

1,294,198

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

1,159,531

1,293,198

SHAREHOLDERS' FUNDS

1,160,531

1,294,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 October 2016 and were signed on its behalf by:

S W Little - Director

B T Oliver - 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).

Revenue

Turnover represents the amounts derived from the provision of goods and services, excluding value added tax

and trade discounts.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Inventories

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

194,246

Additions

95,525

At 31 July 2016

289,771

DEPRECIATION

At 1 August 2015

115,478

Charge for year

33,741

At 31 July 2016

149,219

NET BOOK VALUE

At 31 July 2016

140,552

At 31 July 2015

78,768

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Provista Technology Services Limited which is incorporated in Great Britain.