Debtfocus Business Recovery & Insolvency - Abbreviated accounts 16.1

REGISTERED NUMBER: 06831646 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Debtfocus Business Recovery &

Insolvency Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

A B Fisher

SECRETARY:

E J Fisher

REGISTERED OFFICE:

Skull House Lane

Appley Bridge

Wigan

Lancashire

WN6 9DW

REGISTERED NUMBER:

06831646 (England and Wales)

ACCOUNTANTS:

HullJady

Chartered Accountants

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,170

6,893

5,170

6,893

CURRENT ASSETS

Debtors

594,917

316,377

Cash at bank and in hand

50,026

94,645

644,943

411,022

CREDITORS

Amounts falling due within one year

4

364,912

188,579

NET CURRENT ASSETS

280,031

222,443

TOTAL ASSETS LESS CURRENT
LIABILITIES

285,201

229,336

CREDITORS

Amounts falling due after more than one
year

(60,000

)

(80,000

)

PROVISIONS FOR LIABILITIES

(431

)

(644

)

NET ASSETS

224,770

148,692

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

224,670

148,592

SHAREHOLDERS' FUNDS

224,770

148,692

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 10 May 2016 and were signed by:

A B Fisher - 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 January 2015).

Turnover

Turnover represents the net invoice value of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

200,000

AMORTISATION

At 1 September 2014

and 31 August 2015

200,000

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

25,474

DEPRECIATION

At 1 September 2014

18,581

Charge for year

1,723

At 31 August 2015

20,304

NET BOOK VALUE

At 31 August 2015

5,170

At 31 August 2014

6,893

4.

CREDITORS

Creditors include an amount of £ 7,727 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

100

Ordinary

1.00

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Debtfocus Business Recovery & Insolvency Limited for the year ended 31 August 2015 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Debtfocus Business Recovery & Insolvency Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Debtfocus Business Recovery & Insolvency Limited and state those matters that we have agreed to state to the director of Debtfocus Business Recovery & Insolvency Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Debtfocus Business Recovery & Insolvency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Debtfocus Business Recovery & Insolvency Limited. You consider that Debtfocus Business Recovery & Insolvency Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Debtfocus Business Recovery & Insolvency Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HullJady

Chartered Accountants

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

10 May 2016