Company Registration No. 07401998 (England and Wales)
DI STRATEGIC SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
DI STRATEGIC SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DI STRATEGIC SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,607
8,353
Current assets
Debtors
208,947
295,246
Cash at bank and in hand
17,359
13,943
226,306
309,189
Creditors: amounts falling due within one year
(188,194)
(286,280)
Net current assets
38,112
22,909
Total assets less current liabilities
41,719
31,262
Provisions for liabilities
(721)
(1,670)
40,998
29,592
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
40,798
29,392
Shareholder's funds
40,998
29,592
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 14 October 2016
S Jethwa
Director
Company Registration No. 07401998
DI STRATEGIC SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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 April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
25% straight line
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
44,088
Additions
1,379
At 31 October 2015
45,467
Depreciation
At 1 November 2014
35,735
Charge for the year
6,125
At 31 October 2015
41,860
Net book value
At 31 October 2015
3,607
At 31 October 2014
8,353
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200
DI STRATEGIC SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Interest free loan
-
32,834
21,318
-
30,000
24,152
32,834
21,318
-
30,000
24,152
The above loan has been repaid since 31 October 2015.