Direct Moves Estate Agents Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03347358 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

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

8,656

11,118

8,656

11,118

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

40,958

60,979

Cash at bank and in hand

25,002

58,314

66,960

120,293

CREDITORS

Amounts falling due within one year

7

72,412

104,626

NET CURRENT (LIABILITIES)/ASSETS

(5,452

)

15,667

TOTAL ASSETS LESS CURRENT LIABILITIES

3,204

26,785

PROVISIONS FOR LIABILITIES

1,099

1,524

NET ASSETS

2,105

25,261

CAPITAL AND RESERVES

Called up share capital

1,150

1,150

Retained earnings

955

24,111

SHAREHOLDERS' FUNDS

2,105

25,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 3 July 2018 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 10 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

245,000

AMORTISATION

At 1 April 2017

and 31 March 2018

245,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

48,866

DEPRECIATION

At 1 April 2017

37,748

Charge for year

2,462

At 31 March 2018

40,210

NET BOOK VALUE

At 31 March 2018

8,656

At 31 March 2017

11,118

6.

DEBTORS

31.3.18

31.3.17

£

£

Amounts falling due within one year:

Other debtors

13,129

28,573

Amounts falling due after more than one year:

Trade debtors

27,829

32,406

Aggregate amounts

40,958

60,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

14,946

22,789

Taxation and social security

46,702

64,443

Other creditors

10,764

17,394

72,412

104,626