Debt Specialist Centre Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05672653 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Debt Specialist Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

A Grover

M Ali

REGISTERED OFFICE:

8-10 Bolton Street

Ramsbottom

Bury

Lancashire

BL0 9HX

REGISTERED NUMBER:

05672653 (England and Wales)

ACCOUNTANTS:

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancs

BL0 9HX

CURRENT ASSETS

Debtors

21,556

20,682

Cash at bank and in hand

100

1,365

21,656

22,047

CREDITORS

Amounts falling due within one year

-

391

NET CURRENT ASSETS

21,656

21,656

TOTAL ASSETS LESS CURRENT LIABILITIES

21,656

21,656

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

21,556

21,556

SHAREHOLDERS' FUNDS

21,656

21,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 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 Board of Directors on 24 November 2014 and were signed on its behalf by:

M Ali - 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 April 2008).

The company was dormant throughout the current year and previous year.

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.

Deferred tax

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

balance sheet date. Timing differences are differences between taxable profits and the results as stated in the

financial statements, which arise from the inclusion of gains and losses in tax assessments in periods different

from those in which they are recognised in the financial statements.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding

agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements.

Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain

will be rolled over, being charged tax only if and when the replacement assets are sold.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws which have been enacted or substantively

enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100

(30.6.13 - 2 )

3.	RELATED PARTY DISCLOSURES

4.	CHANGE OF NAME

On 9 November 2010 the company changed its name from Plancom Limited.

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

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 Debt Specialist Centre Limited for the year ended 30 June 2014 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Debt Specialist Centre Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Debt

Specialist Centre Limited and state those matters that we have agreed to state to the Board of Directors of Debt

Specialist Centre Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Debt Specialist Centre Limited 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 Debt

Specialist Centre Limited. You consider that Debt Specialist Centre Limited 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 Debt Specialist Centre

Limited. 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.

Cowgill, Holloway & Co

8 -10 Bolton Street

Ramsbottom

Bury

Lancs

BL0 9HX

Date: .............................................