Company Registration No. 08092481 (England and Wales)
DEFINITIVE INVEST LIMITED
Unaudited accounts
for the year ended 30 June 2017
DEFINITIVE INVEST LIMITED
Unaudited accounts
Contents
DEFINITIVE INVEST LIMITED
Company Information
for the year ended 30 June 2017
Directors
Andrew William WESTCOTT
Maira NASIR
Company Number
08092481 (England and Wales)
Registered Office
31 MEADOWCROFT
ST. ALBANS
HERTFORDSHIRE
AL1 1UD
DEFINITIVE INVEST LIMITED
Statement of financial position
as at 30 June 2017
Cash at bank and in hand
12,011
1,407
Creditors: amounts falling due within one year
(7,139)
(5,858)
Net current assets
14,386
2,167
Total assets less current liabilities
15,317
3,299
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
15,129
3,071
Shareholders' funds
15,131
3,073
For the year ending 30 June 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 August 2017.
Andrew William WESTCOTT
Director
Company Registration No. 08092481
DEFINITIVE INVEST LIMITED
Notes to the Accounts
for the year ended 30 June 2017
DEFINITIVE INVEST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08092481. The registered office and principal place of business is 31 MEADOWCROFT, ST. ALBANS, HERTFORDSHIRE, AL1 1UD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
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.
DEFINITIVE INVEST LIMITED
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Amounts due from group undertakings etc.
2,246
-
6
Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
-
1,008
Corporation tax
5,801
2,139
Other taxes and social security costs
3
1,056
Other creditors
1,300
1,655
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).