REGISTERED NUMBER: |
CONVERGING SOLUTIONS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
REGISTERED NUMBER: |
CONVERGING SOLUTIONS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
CONVERGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04157012) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 | to | 5 |
Chartered Accountants' Report | 6 |
CONVERGING SOLUTIONS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BANKERS: |
CONVERGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04157012) |
ABBREVIATED BALANCE SHEET |
29TH FEBRUARY 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
CONVERGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04157012) |
ABBREVIATED BALANCE SHEET - continued |
29TH FEBRUARY 2016 |
The financial statements were approved by the Board of Directors on |
CONVERGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04157012) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Freehold property | - |
Improvements to property | - |
Computer equipment | - |
No depreciation is provided on freehold property. This treatment may be a departure from the requirements of |
the Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of |
regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the |
buildings where necessary, in order to maintain them to a high standard. Accordingly, in the opinion of the |
directors, any element of depreciation would be immaterial and no provision has been made, as the residual |
value would be in excess of cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
CONVERGING SOLUTIONS LIMITED (REGISTERED NUMBER: 04157012) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st March 2015 |
Additions |
At 29th February 2016 |
DEPRECIATION |
At 1st March 2015 |
Charge for year |
At 29th February 2016 |
NET BOOK VALUE |
At 29th February 2016 |
At 28th February 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
40 | Ordinary A | £1 | 40 | 100 |
40 | Ordinary B | £1 | 40 | - |
10 | Ordinary C | £1 | 10 | - |
10 | Ordinary D | £1 | 10 | - |
100 | 100 |
During the year, the company passed a special resolution that 60 Ordinary A shares of £1 each were reclassified |
to 40 Ordinary B shares of £1 each, 10 Ordinary C shares of £1 each, and 10 Ordinary D shares of £1 each. The |
rights and privileges attached to the Ordinary A shares were unaltered. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CONVERGING SOLUTIONS LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Converging Solutions Limited for the year ended 29th February 2016 which comprise the Profit |
and Loss Account, the Balance Sheet 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 icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Converging Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Converging Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Converging Solutions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Converging Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Converging Solutions Limited. You consider that Converging Solutions 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 financial statements of Converging Solutions 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 financial statements. |
Chartered Accountants |
22nd June 2016 |