Dynamic Visual Technologies Limited Small abridged accounts

Dynamic Visual Technologies Limited Small abridged accounts


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Statement of Consent to Prepare Abridged Financial Statements
All of the members of Dynamic Visual Technologies Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 10141744
Dynamic Visual Technologies Limited
Filleted Unaudited Abridged Financial Statements
28 February 2017
Dynamic Visual Technologies Limited
Abridged Financial Statements
Year ended 28 February 2017
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements
2
Abridged statement of financial position
3
Notes to the abridged financial statements
4
Dynamic Visual Technologies Limited
Officers and Professional Advisers
The board of directors
Mr G Fowler
Dr J van der Merwe
Mr C Wilkins
Registered office
Sable Accounting Ltd
Lower Ground Floor
Castlewood House
77-91 New Oxford Street
London
England
WC1A 1DG
Accountants
Sable Accounting Limited
Chartered accountant
77-91 New Oxford Street
London
UK
WC1A 1DG
Dynamic Visual Technologies Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Dynamic Visual Technologies Limited
Year ended 28 February 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Dynamic Visual Technologies Limited for the year ended 28 February 2017, which comprise the abridged statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Dynamic Visual Technologies Limited, as a body, in accordance with the terms of our engagement letter dated 10 November 2016. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Dynamic Visual Technologies Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dynamic Visual Technologies Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Dynamic Visual Technologies Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dynamic Visual Technologies Limited. You consider that Dynamic Visual Technologies Limited 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 abridged financial statements of Dynamic Visual Technologies Limited. 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 statutory abridged financial statements.
Sable Accounting Limited Chartered accountant
77-91 New Oxford Street London UK WC1A 1DG
20 November 2017
Dynamic Visual Technologies Limited
Abridged Statement of Financial Position
28 February 2017
2017
Note
£
£
Current assets
Cash at bank and in hand
1,000
-------
Net current assets
1,000
-------
Total assets less current liabilities
1,000
-------
Capital and reserves
Called up share capital
1,000
-------
Shareholders funds
1,000
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 28 February 2017 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 abridged 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 abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 20 November 2017 , and are signed on behalf of the board by:
Mr G Fowler
Director
Company registration number: 10141744
Dynamic Visual Technologies Limited
Notes to the Abridged Financial Statements
Year ended 28 February 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sable Accounting Ltd, Lower Ground Floor, Castlewood House, 77-91 New Oxford Street, London, WC1A 1DG, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 4.
4. Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 March 2015.
No transitional adjustments were required in equity or profit or loss for the year.