Abbreviated Company Accounts - INITIAL DIRECT LIMITED

INITIAL DIRECT LIMITED - Company Information

Registered Number 04158606

INITIAL DIRECT LIMITED

Abbreviated Accounts

29 February 2016

INITIAL DIRECT LIMITED Registered Number 04158606

Abbreviated Balance Sheet as at 29 February 2016

	2016	2015
	£	£
Called up share capital not paid	-	-
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	-	-
Debtors	8,922,598	8,922,598
Investments	2,706	2,706
Cash at bank and in hand	-	-
	8,925,304	8,925,304
Prepayments and accrued income	-	-
Creditors: amounts falling due within one year	0	(4,000)
Net current assets (liabilities)	8,925,304	8,921,304
Total assets less current liabilities	8,925,304	8,921,304
Creditors: amounts falling due after more than one year	(8,357,708)	(8,350,027)
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	567,596	571,277
Capital and reserves
Called up share capital	650,000	650,000
Share premium account	0	0
Revaluation reserve	0	0
Other reserves	0	0
Profit and loss account	(82,404)	(78,723)
Shareholders' funds	567,596	571,277

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 October 2016

And signed on their behalf by:
Michael Cafferkey, Director

INITIAL DIRECT LIMITED Registered Number 04158606

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities( effective April 2008).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.