Abbreviated Company Accounts - DIRECT SPECS LIMITED

Abbreviated Company Accounts - DIRECT SPECS LIMITED

DIRECT SPECS LIMITED - Company Information

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Registered Number 03373995

DIRECT SPECS LIMITED

Abbreviated Accounts

30 April 2016

DIRECT SPECS LIMITED Registered Number 03373995

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 50,635 56,173
50,635 56,173
Current assets
Stocks 37,012 54,796
Debtors 19,046 20,369
Cash at bank and in hand 43,693 35,218
99,751 110,383
Creditors: amounts falling due within one year (46,887) (62,027)
Net current assets (liabilities) 52,864 48,356
Total assets less current liabilities 103,499 104,529
Total net assets (liabilities) 103,499 104,529
Capital and reserves
Called up share capital 300 300
Profit and loss account 103,199 104,229
Shareholders' funds 103,499 104,529
  • For the year ending 30 April 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 8 December 2016

And signed on their behalf by:
N E Atkinson, Director

DIRECT SPECS LIMITED Registered Number 03373995

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

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

2Tangible fixed assets
£
Cost
At 1 May 2015 361,430
Additions 270
Disposals (10,390)
Revaluations -
Transfers -
At 30 April 2016 351,310
Depreciation
At 1 May 2015 305,257
Charge for the year 5,808
On disposals (10,390)
At 30 April 2016 300,675
Net book values
At 30 April 2016 50,635
At 30 April 2015 56,173