Direct Moves Estate Agents Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03347358 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Direct Moves Estate Agents Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B R Barnes

Mrs E J Davies

SECRETARY:

Mrs E J Davies

REGISTERED OFFICE:

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

REGISTERED NUMBER:

03347358 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,299

6,761

5,299

6,761

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

6,378

31,311

Cash at bank and in hand

39,915

35,895

47,293

68,206

CREDITORS

Amounts falling due within one year

7

49,681

67,449

NET CURRENT (LIABILITIES)/ASSETS

(2,388

)

757

TOTAL ASSETS LESS CURRENT LIABILITIES

2,911

7,518

PROVISIONS FOR LIABILITIES

640

838

NET ASSETS

2,271

6,680

CAPITAL AND RESERVES

Called up share capital

1,150

1,150

Retained earnings

1,121

5,530

SHAREHOLDERS' FUNDS

2,271

6,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2020 and were signed on its behalf by:

Mrs E J Davies - Director

1.	STATUTORY INFORMATION

Direct Moves Estate Agents Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

100,000

AMORTISATION

At 1 April 2019

and 31 March 2020

100,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

48,866

DEPRECIATION

At 1 April 2019

42,105

Charge for year

1,462

At 31 March 2020

43,567

NET BOOK VALUE

At 31 March 2020

5,299

At 31 March 2019

6,761

6.

DEBTORS

31.3.20

31.3.19

£

£

Amounts falling due within one year:

Other debtors

1,440

11,433

Amounts falling due after more than one year:

Trade debtors

4,938

19,878

Aggregate amounts

6,378

31,311

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

3,345

11,353

Taxation and social security

33,823

44,405

Other creditors

12,513

11,691

49,681

67,449