Direct-Tec Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05929986 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st July 2014

for

DIRECT-TEC SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Crucefix

J Maryan

I Mitchell

SECRETARY:

I Mitchell

REGISTERED OFFICE:

Churchill Court

Hortons Way

Westerham

Kent

TN16 1BT

REGISTERED NUMBER:

05929986 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Tangible assets

2

652

752

CURRENT ASSETS

Debtors

3

389,894

233,055

Cash at bank and in hand

25,095

18,930

414,989

251,985

CREDITORS

Amounts falling due within one year

127,914

85,825

NET CURRENT ASSETS

287,075

166,160

TOTAL ASSETS LESS CURRENT LIABILITIES

287,727

166,912

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

287,627

166,812

SHAREHOLDERS' FUNDS

287,727

166,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 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 27th February 2015 and were signed on its behalf by:

I Mitchell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company continues to trade profitably and expand its client base. The directors have a clear strategy for a

controlled level of growth, monitor cash flow on a regular basis and believe that the business has sufficient

resources for the foreseeable future. As a result, the going concern basis of accounting has been adopted.

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 April 2008).

Turnover

Turnover represents net invoiced sales of services and goods, 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.

Fixtures and fittings

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

and 31st July 2014

1,003

DEPRECIATION

At 1st August 2013

251

Charge for year

100

At 31st July 2014

351

NET BOOK VALUE

At 31st July 2014

652

At 31st July 2013

752

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 100,000 (31.7.13 - £ 100,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY

The company is controlled by Direct-tec Group Limited by virtue of its majority shareholding.