REGISTERED NUMBER: 04157012 (England and Wales)

CONVERGING SOLUTIONS LIMITED

ABBREVIATED UNAUDITED 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

DIRECTORS:

Mr D R Smith

Mrs L M Smith

SECRETARY:

Mr D R Smith

REGISTERED OFFICE:

Unit 13

Waterloo Business Park

Bidford on Avon

Warwickshire

B50 4JG

REGISTERED NUMBER:

04157012 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds Bank Plc

19 Church Green East

Redditch

Worcestershire

B98 8BZ

FIXED ASSETS

Tangible assets

2

229,069

229,302

CURRENT ASSETS

Stocks

154,371

108,714

Debtors

632,777

352,751

Cash at bank

806,690

704,131

1,593,838

1,165,596

CREDITORS

Amounts falling due within one year

1,039,942

898,199

NET CURRENT ASSETS

553,896

267,397

TOTAL ASSETS LESS CURRENT LIABILITIES

782,965

496,699

PROVISIONS FOR LIABILITIES

113

-

NET ASSETS

782,852

496,699

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

782,752

496,599

SHAREHOLDERS' FUNDS

782,852

496,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22nd June 2016 and were signed on its behalf by:

Mr D R Smith - Director

Mrs L M Smith - Director

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

10% on cost

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

230,082

Additions

249

At 29th February 2016

230,331

DEPRECIATION

At 1st March 2015

780

Charge for year

482

At 29th February 2016

1,262

NET BOOK VALUE

At 29th February 2016

229,069

At 28th February 2015

229,302

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.

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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

22nd June 2016