Direct Freight Systems Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02926003 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

DIRECT FREIGHT SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Thorney

REGISTERED OFFICE:

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

REGISTERED NUMBER:

02926003 (England and Wales)

ACCOUNTANTS:

EST Accountants Ltd

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

FIXED ASSETS

Intangible assets

2

57,500

61,000

Tangible assets

3

1,509

1,886

59,009

62,886

CURRENT ASSETS

Debtors

137,017

168,251

Cash at bank

65,460

9,643

202,477

177,894

CREDITORS

Amounts falling due within one year

115,083

132,453

NET CURRENT ASSETS

87,394

45,441

TOTAL ASSETS LESS CURRENT LIABILITIES

146,403

108,327

CAPITAL AND RESERVES

Called up share capital

4

15,434

15,434

Profit and loss account

130,969

92,893

SHAREHOLDERS' FUNDS

146,403

108,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 December 2015 and were signed by:

J Thorney - 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 services, 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

-

20% on reducing balance

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

96,000

AMORTISATION

At 1 August 2014

35,000

Amortisation for year

3,500

At 31 July 2015

38,500

NET BOOK VALUE

At 31 July 2015

57,500

At 31 July 2014

61,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

28,912

DEPRECIATION

At 1 August 2014

27,026

Charge for year

377

At 31 July 2015

27,403

NET BOOK VALUE

At 31 July 2015

1,509

At 31 July 2014

1,886

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

15,100

Ordinary A

1

15,100

15,100

334

Ordinary B

1

334

334

15,434

15,434

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES