Debtfocus Business Recovery & Insolvency - Abbreviated accounts 16.3

REGISTERED NUMBER: 06831646 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

1 September 2015 to 31 December 2016

for

Debtfocus Business Recovery &

Insolvency Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A B Fisher

SECRETARY:

E J Fisher

REGISTERED OFFICE:

Skull House Lane

Appley Bridge

Wigan

Lancashire

WN6 9DW

REGISTERED NUMBER:

06831646 (England and Wales)

ACCOUNTANTS:

HullJady

Chartered Accountants

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

6,433

5,170

6,433

5,170

CURRENT ASSETS

Debtors

368,775

594,917

Cash at bank

7

50,026

368,782

644,943

CREDITORS

Amounts falling due within one year

4

317,856

364,912

NET CURRENT ASSETS

50,926

280,031

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,359

285,201

CREDITORS

Amounts falling due after more than one
year

(35,725

)

(60,000

)

PROVISIONS FOR LIABILITIES

(894

)

(431

)

NET ASSETS

20,740

224,770

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

20,640

224,670

SHAREHOLDERS' FUNDS

20,740

224,770

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

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

The director acknowledges his 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 director on 23 May 2017 and were signed by:

A B Fisher - 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 the net invoice value of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 September 2015

and 31 December 2016

200,000

AMORTISATION

At 1 September 2015

and 31 December 2016

200,000

NET BOOK VALUE

At 31 December 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

25,474

Additions

5,732

Disposals

(6,268

)

At 31 December 2016

24,938

DEPRECIATION

At 1 September 2015

20,304

Charge for period

3,359

Eliminated on disposal

(5,158

)

At 31 December 2016

18,505

NET BOOK VALUE

At 31 December 2016

6,433

At 31 August 2015

5,170

4.

CREDITORS

Creditors include an amount of £ 88,128 (31.8.15 - £ 7,727 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.8.15

value:

£

100

Ordinary

1.00

100