Direct Moves Estate Agents Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03347358 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Direct Moves Estate Agents Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B R Barnes

Mrs E J Davies

SECRETARY:

Mrs E J Davies

REGISTERED OFFICE:

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

REGISTERED NUMBER:

03347358 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,118

10,786

11,118

10,786

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

60,979

66,971

Cash at bank and in hand

58,314

32,961

120,293

100,932

CREDITORS

Amounts falling due within one year

7

104,628

99,533

NET CURRENT ASSETS

15,665

1,399

TOTAL ASSETS LESS CURRENT LIABILITIES

26,783

12,185

PROVISIONS FOR LIABILITIES

1,524

1,303

NET ASSETS

25,259

10,882

CAPITAL AND RESERVES

Called up share capital

1,150

1,150

Retained earnings

24,109

9,732

SHAREHOLDERS' FUNDS

25,259

10,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 June 2017 and were signed on its behalf by:

Mrs E J Davies - Director

1.	STATUTORY INFORMATION

Direct Moves Estate Agents Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can

be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis

over the period of the lease.

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 profit or loss in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

245,000

AMORTISATION

At 1 April 2016

and 31 March 2017

245,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

45,325

Additions

3,541

At 31 March 2017

48,866

DEPRECIATION

At 1 April 2016

34,539

Charge for year

3,209

At 31 March 2017

37,748

NET BOOK VALUE

At 31 March 2017

11,118

At 31 March 2016

10,786

6.

DEBTORS

31.3.17

31.3.16

£

£

Amounts falling due within one year:

Other debtors

28,573

40,136

Amounts falling due after more than one year:

Trade debtors

32,406

26,835

Aggregate amounts

60,979

66,971

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

22,789

29,037

Taxation and social security

64,443

54,177

Other creditors

17,396

16,319

104,628

99,533