Direct Autos Servicing (Holdings) Limited - Period Ending 2016-10-31
Direct Autos Servicing (Holdings) Limited - Period Ending 2016-10-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Direct Autos Servicing (Holdings) Limited
Contents
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Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Direct Autos Servicing (Holdings) Limited
for the Year Ended 31 October 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Direct Autos Servicing (Holdings) Limited for the year ended 31 October 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Direct Autos Servicing (Holdings) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Direct Autos Servicing (Holdings) Limited . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Direct Autos Servicing (Holdings) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Direct Autos Servicing (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Direct Autos Servicing (Holdings) Limited. You consider that Direct Autos Servicing (Holdings) 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 accounts of Direct Autos Servicing (Holdings) 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 accounts.
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Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA
14 June 2016
Direct Autos Servicing (Holdings) Limited
(Registration number: 04431746)
Abbreviated Balance Sheet at 31 October 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Paul Roger Beard
Director
2
Direct Autos Servicing (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation
Asset class |
Depreciation method and rate |
P & M |
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Motor |
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Stock
Hire purchase and leasing
Financial instruments
Direct Autos Servicing (Holdings) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2014 |
10,000 |
202,371 |
212,371 |
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Additions |
- |
1,000 |
1,000 |
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At 31 October 2015 |
10,000 |
203,371 |
213,371 |
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Depreciation |
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At 1 November 2014 |
10,000 |
48,111 |
58,111 |
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Charge for the year |
- |
1,568 |
1,568 |
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At 31 October 2015 |
10,000 |
49,679 |
59,679 |
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Net book value |
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At 31 October 2015 |
- |
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At 31 October 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Ordinary Shares of £1 each |
2 |
2 |
2 |
2 |
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