Debt Collection Services UK Limited Small abbreviated accounts

Debt Collection Services UK Limited Small abbreviated accounts

DEBT COLLECTION SERVICES UK LIMITED - Company Information

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FY Private Limited Company Company accounts 2015-04-30 2015-04-30 2015-04-24 false true false false false false false false false false false false true true 2013-08-01 true xbrli:pure xbrli:shares iso4217:GBP 04839958 2013-08-01 2015-01-31 04839958 2015-01-31 04839958 2013-07-31 04839958 2012-08-01 2013-07-31 04839958 2013-07-31 04839958 uk-gaap:FixturesFittings 2013-08-01 2015-01-31 04839958 uk-gaap:OfficeEquipment 2013-08-01 2015-01-31 04839958 uk-gaap:NetGoodwill 2013-08-01 2015-01-31 04839958 uk-bus:OrdinaryShareClass1 2013-08-01 2015-01-31 04839958 uk-bus:Director1 2013-08-01 2015-01-31 04839958 uk-gaap:AllSubsidiaries 2013-08-01 2015-01-31 04839958 uk-gaap:WithinOneYear 2015-01-31 04839958 uk-gaap:AfterOneYear 2015-01-31 04839958 uk-bus:OrdinaryShareClass1 2015-01-31 04839958 uk-bus:OrdinaryShareClass1 2013-07-31 04839958 uk-lang:English 2013-08-01 2015-01-31 04839958 uk-curr:PoundSterling 2013-08-01 2015-01-31 04839958 uk-gaap:ComputerEquipment 2013-08-01 2015-01-31
COMPANY REGISTRATION NUMBER 04839958
DEBT COLLECTION SERVICES UK LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 January 2015
DEBT COLLECTION SERVICES UK LIMITED
ABBREVIATED BALANCE SHEET
31 January 2015
31 Jan 15
31 Jul 13
Note
£
£
£
FIXED ASSETS
2
Intangible assets
19,500
24,000
Tangible assets
191,903
1,584
----------
---------
211,403
25,584
----------
---------
CURRENT ASSETS
Debtors
123,482
107,012
Cash at bank and in hand
58,657
28,706
----------
----------
182,139
135,718
CREDITORS: Amounts falling due within one year
3
236,859
157,735
----------
----------
NET CURRENT LIABILITIES
( 54,720)
( 22,017)
----------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
156,683
3,567
CREDITORS: Amounts falling due after more than one year
4
98,182
-
PROVISIONS FOR LIABILITIES
2,381
317
----------
-------
56,120
3,250
----------
-------
CAPITAL AND RESERVES
Called-up equity share capital
6
100
100
Profit and loss account
56,020
3,150
---------
-------
SHAREHOLDERS' FUNDS
56,120
3,250
---------
-------
For the period from 1 August 2013 to 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 24 April 2015 .
C Rhodes
Company Registration Number: 04839958
DEBT COLLECTION SERVICES UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
PERIOD FROM 1 AUGUST 2013 TO 31 JANUARY 2015
1. ACCOUNTING POLICIES
Basis of accounting
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 comprises the sales value (excluding VAT) of work done in the period under contracts to supply goods and services to third parties.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - on cost over 10 years
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 15% per annum on reducing balance
Computer equipment - 25% per annum on reducing balance
Operating lease agreements
Rentals on operating leases are charged to the profit and loss account in the period in which they fall due.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
2. FIXED ASSETS
Intangible Assets
Tangible Assets
Total
£
£
£
COST
At 1 August 2013
30,000
11,066
41,066
Additions
–
194,219
194,219
---------
----------
----------
At 31 January 2015
30,000
205,285
235,285
---------
----------
----------
DEPRECIATION
At 1 August 2013
6,000
9,482
15,482
Charge for period
4,500
3,900
8,400
---------
---------
---------
At 31 January 2015
10,500
13,382
23,882
---------
---------
---------
NET BOOK VALUE
At 31 January 2015
19,500
191,903
211,403
---------
----------
----------
At 31 July 2013
24,000
1,584
25,584
---------
----------
----------
3. CREDITORS: Amounts falling due within one year
The following liabilities disclosed under creditors falling due within one year are secured by the company:
31 Jan 15
31 Jul 13
£
£
Bank loans and overdrafts
9,818
-
-------
----
4. CREDITORS: Amounts falling due after more than one year
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
31 Jan 15
31 Jul 13
£
£
Bank loans and overdrafts
98,182
-
---------
----
5. TRANSACTIONS WITH THE DIRECTOR
Included in other debtors at the start of the period was a loan to the director, Mrs C Rhodes . This overdrawn current account balance of £13,385 was repaid in full in the period.
6. SHARE CAPITAL
Allotted, called up and fully paid:
31 Jan 15 31 Jul 13
No
£
No
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
100
100
100
100
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----
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