Company Registration No. 02867284 (England and Wales)
DIVERSE CONNECTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
DIVERSE CONNECTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DIVERSE CONNECTIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,824
2,701
Current assets
Debtors
3,703
2,721
Cash at bank and in hand
98,175
77,708
101,878
80,429
Creditors: amounts falling due within one year
(72,124)
(51,855)
Net current assets
29,754
28,574
Total assets less current liabilities
32,578
31,275
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
32,478
31,175
Shareholders' funds
32,578
31,275
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 September 2016
Mr D A Green
Director
Company Registration No. 02867284
DIVERSE CONNECTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
33% Reducing balance method
Computer equipment
straight line over three years
Fixtures, fittings & equipment
30% Reducing balance method
Motor vehicles
25% Reducing balance method
1.4
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
168,021
Additions
1,306
At 31 December 2015
169,327
Depreciation
At 1 January 2015
165,320
Charge for the year
1,183
At 31 December 2015
166,503
Net book value
At 31 December 2015
2,824
At 31 December 2014
2,701
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100