Direct Moves Estate Agents Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03347358 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Direct Moves Estate Agents Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B R Barnes

Mrs E J Davies

SECRETARY:

Mrs E J Davies

REGISTERED OFFICE:

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

REGISTERED NUMBER:

03347358 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

10,786

15,844

10,786

15,844

CURRENT ASSETS

Stocks

1,000

Debtors

4

66,971

73,497

Cash at bank and in hand

32,961

41,784

100,932

116,281

CREDITORS

Amounts falling due within one year

99,533

114,823

NET CURRENT ASSETS

1,399

1,458

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,185

17,302

PROVISIONS FOR LIABILITIES

1,303

1,400

NET ASSETS

10,882

15,902

CAPITAL AND RESERVES

Called up share capital

5

1,150

Profit and loss account

9,732

14,752

SHAREHOLDERS' FUNDS

10,882

15,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 June 2016 and were
signed on its behalf by:

Mrs E J Davies - Director

B R Barnes - 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

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 April 2015

and 31 March 2016

245,000

AMORTISATION

At 1 April 2015

and 31 March 2016

245,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

56,825

Disposals

(11,500

)

At 31 March 2016

45,325

DEPRECIATION

At 1 April 2015

40,981

Charge for year

3,011

Eliminated on disposal

(9,453

)

At 31 March 2016

34,539

NET BOOK VALUE

At 31 March 2016

10,786

At 31 March 2015

15,844

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 26,835 (31.3.15 - £

35,452 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

800

Ordinary A

£1

800

50

Ordinary E

£1

50

200

Ordinary C

£1

200

100

Ordinary D

£1

100

1,150