Direct Source Distribution Limited - Limited company - abbreviated

REGISTERED NUMBER: 06940310 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Direct Source Distribution Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Azam

REGISTERED OFFICE:

Unit 6F

Fresh Wharf Estate

High Bridge Road

Barking

Essex

IG11 7BN

REGISTERED NUMBER:

06940310 (England and Wales)

ACCOUNTANTS:

Holberton and Co

Nortonbury House

37 High Street

Tewkesbury

Gloucestershire

GL20 5BB

FIXED ASSETS

Tangible assets

2

66,442

70,402

CURRENT ASSETS

Stocks

87,900

84,400

Debtors

152,997

44,600

Cash at bank and in hand

94,801

39,061

335,698

168,061

CREDITORS

Amounts falling due within one year

327,929

179,140

NET CURRENT ASSETS/(LIABILITIES)

7,769

(11,079

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,211

59,323

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

74,209

59,321

SHAREHOLDERS' FUNDS

74,211

59,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 October 2015 and were signed by:

S Azam - 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 April 2008).

Turnover

Turnover represents net invoiced sales of 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.

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.

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 1 April 2014

171,523

Additions

17,694

At 31 March 2015

189,217

DEPRECIATION

At 1 April 2014

101,121

Charge for year

21,654

At 31 March 2015

122,775

NET BOOK VALUE

At 31 March 2015

66,442

At 31 March 2014

70,402

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

2

Ordinary

£1

2

Direct Source Distribution Limited - Limited company - abbreviated - 11.9

Direct Source Distribution Limited - Limited company - abbreviated - 11.9