Abbreviated Company Accounts - INITIAL DIRECT LIMITED

INITIAL DIRECT LIMITED - Company Information

Registered Number 04158606

INITIAL DIRECT LIMITED

Abbreviated Accounts

28 February 2014

INITIAL DIRECT LIMITED Registered Number 04158606

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	2,706	2,706
		2,706	2,706
Current assets
Debtors		8,715,926	8,755,794
Cash at bank and in hand		2,569	2,680
		8,718,495	8,758,474
Creditors: amounts falling due within one year		(3,500)	(10,000)
Net current assets (liabilities)		8,714,995	8,748,474
Total assets less current liabilities		8,717,701	8,751,180
Creditors: amounts falling due after more than one year		(8,142,424)	(8,172,403)
Total net assets (liabilities)		575,277	578,777
Capital and reserves
Called up share capital		650,000	650,000
Profit and loss account		(74,723)	(71,223)
Shareholders' funds		575,277	578,777

For the year ending 28 February 2014 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 27 November 2014

And signed on their behalf by:
M Cafferkey, Director

INITIAL DIRECT LIMITED Registered Number 04158606

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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.

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.

Other accounting policies
Investment

Fixed asset investments are stated at cost in the company balance sheet. Provision is made for any impairment in the value of fixed asset investments.

Consolidation

Consolidated accounts are not prepared as the group headed by the company forms a small group. The accounts present information about the company as an individual undertaking.

2Fixed assets Investments
The company holds 20% or more of the share capital of the following companies:

Company: Promocione Cap De Sa Mola ,SL (Incorporated in Spain)
Shares held class: Ordinary
%: 100
Capital and reserves £: (318,063)
Profit (loss) for the year £: (80,078)