First Stop Direct Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03197191 (England and Wales)

FIRST STOP DIRECT LTD

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTOR:

J Hutchinson

REGISTERED OFFICE:

Britannia Court

5 Moor Street

WORCESTER

Worcestershire

WR1 3DB

REGISTERED NUMBER:

03197191 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

BANKERS:

Lloyds TSB Plc

4 The Cross

Worcester

WR1 3PY

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) 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 First Stop Direct Ltd for the year ended 30 September 2016 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes 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://www.accaglobal.com/rulebook.

This report is made solely to the director of First Stop Direct Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of First Stop Direct Ltd and state those matters that we have agreed to state to the director of First Stop Direct Ltd 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 the company and its director for our work or for this report.

It is your duty to ensure that First Stop Direct Ltd 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 profit of First Stop Direct Ltd. You consider that First Stop Direct Ltd 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 First Stop Direct Ltd. 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.

Haines Watts Worcester Limited

Chartered Certified Accountants

Britannia Court

5 Moor Street

WORCESTER

WR1 3DB

20 June 2017

FIXED ASSETS

Tangible assets

2

19,600

26,133

Investment property

3

700,000

550,000

719,600

576,133

CURRENT ASSETS

Debtors

-

682

Cash at bank

15,772

6,242

15,772

6,924

CREDITORS

Amounts falling due within one year

4

240,907

249,122

NET CURRENT LIABILITIES

(225,135

)

(242,198

)

TOTAL ASSETS LESS CURRENT LIABILITIES

494,465

333,935

CREDITORS

Amounts falling due after more than one year

4

(11,072

)

(15,927

)

PROVISIONS FOR LIABILITIES

(361

)

(218

)

NET ASSETS

483,032

317,790

CAPITAL AND RESERVES

Called up share capital

5

2

2

Revaluation reserve

472,944

322,944

Profit and loss account

10,086

(5,156

)

SHAREHOLDERS' FUNDS

483,032

317,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 June 2017 and were signed by:

J Hutchinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Tangible fixed assets

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

General equipment

-

25% on reducing balance

Motor vehicles

-

20% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Turnover

Turnover represents rents received in the year.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

36,709

DEPRECIATION

At 1 October 2015

10,576

Charge for year

6,533

At 30 September 2016

17,109

NET BOOK VALUE

At 30 September 2016

19,600

At 30 September 2015

26,133

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2015

550,000

Revaluations

150,000

At 30 September 2016

700,000

NET BOOK VALUE

At 30 September 2016

700,000

At 30 September 2015

550,000

4.

CREDITORS

Creditors include an amount of £ 15,927 (2015 - £ 20,782 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

6.	CONTROLLING INTEREST