Abbreviated Company Accounts - DIRECT SPECS LIMITED

DIRECT SPECS LIMITED - Company Information

03373995 DIRECT SPECS LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 03373995 2014-05-01 2015-04-30 03373995 2015-04-30 03373995 2014-04-30 03373995 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 03373995 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 03373995

DIRECT SPECS LIMITED

Abbreviated Accounts

30 April 2015

DIRECT SPECS LIMITED Registered Number 03373995

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	56,173	65,822
		56,173	65,822
Current assets
Stocks		54,796	56,857
Debtors		20,369	27,658
Cash at bank and in hand		35,218	47,363
		110,383	131,878
Creditors: amounts falling due within one year		(62,027)	(53,226)
Net current assets (liabilities)		48,356	78,652
Total assets less current liabilities		104,529	144,474
Accruals and deferred income		-	(3,956)
Total net assets (liabilities)		104,529	140,518
Capital and reserves
Called up share capital	3	300	300
Profit and loss account		104,229	140,218
Shareholders' funds		104,529	140,518

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 December 2015

And signed on their behalf by:
N E Atkinson, Director

DIRECT SPECS LIMITED Registered Number 03373995

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
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:

Plant & Machinery - 20% straight line
Fixtures & Fittings - 20% straight line
Motor Vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 May 2014	358,456
Additions	2,974
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	361,430
Depreciation
At 1 May 2014	292,634
Charge for the year	12,623
On disposals	-
At 30 April 2015	305,257
Net book values
At 30 April 2015	56,173
At 30 April 2014	65,822

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
300 Ordinary shares of £1 each	300	300