Company Registration No. 02867284 (England and Wales)
DIVERSE CONNECTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
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 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,701
3,742
Current assets
Debtors
2,721
4,896
Cash at bank and in hand
77,708
54,334
80,429
59,230
Creditors: amounts falling due within one year
(51,855)
(30,551)
Net current assets
28,574
28,679
Total assets less current liabilities
31,275
32,421
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
31,175
32,321
Shareholders' funds
31,275
32,421
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 4 September 2015
D Green
Director
Company Registration No. 02867284
DIVERSE CONNECTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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 April 2008).
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
Fixtures, fittings & equipment
30% Reducing balance method
Motor vehicles
25% Reducing balance method
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
168,021
Depreciation
At 1 January 2014
164,279
Charge for the year
1,041
At 31 December 2014
165,320
Net book value
At 31 December 2014
2,701
At 31 December 2013
3,742
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100