DIRECT_RESPONSE_CONTACT_C - Accounts
DIRECT_RESPONSE_CONTACT_C - Accounts
Company Registration No. 07497170 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DIRECT RESPONSE CONTACT CENTRES GROUP LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015
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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 Direct Response Contact Centres Group Limited for the year ended 30 September 2015 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Direct Response Contact Centres Group Limited, as a body, in accordance with the terms of our engagement letter dated 15 June 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Direct Response Contact Centres Group Limited and state those matters that we have agreed to state to the Board of Directors of Direct Response Contact Centres Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Direct Response Contact Centres Group Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Direct Response Contact Centres Group 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 loss of Direct Response Contact Centres Group Limited. You consider that Direct Response Contact Centres Group 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 Direct Response Contact Centres Group 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.
GBAC Limited
Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
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2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Creditors: amounts falling due within one year
(60,000 )
-
Net current liabilities
(60,000 )
-
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(460,938 )
(370,938 )
Capital and reserves
Called up share capital
3
Share premium account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 30 June 2016
Director
Company Registration No. 07497170
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
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1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Investments
£
Cost
At 1 April 2014
1,970,938
Additions
150,000
At 30 September 2015
2,120,938
At 31 March 2014
1,970,938
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary A & B
Other significant interests
Preference
100.00
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
2
Fixed assets
(Continued)
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The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
681,421
2,142
The preference shares in Cirrus Response Limited entitle the holder to a 0.02% per annum return and upon winding up or sale par value after ordinary A,B,C and D shares.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid