Abbreviated Company Accounts - DIRECT SPECS LIMITED

DIRECT SPECS LIMITED - Company Information

03373995 DIRECT SPECS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03373995 2013-05-01 2014-04-30 03373995 2014-04-30 03373995 2013-04-30 03373995 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03373995 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 03373995

DIRECT SPECS LIMITED

Abbreviated Accounts

30 April 2014

DIRECT SPECS LIMITED Registered Number 03373995

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	65,822	80,778
		65,822	80,778
Current assets
Stocks		56,857	64,973
Debtors		27,658	38,180
Cash at bank and in hand		47,363	55,610
		131,878	158,763
Creditors: amounts falling due within one year		(53,226)	(66,963)
Net current assets (liabilities)		78,652	91,800
Total assets less current liabilities		144,474	172,578
Accruals and deferred income		(3,956)	(3,956)
Total net assets (liabilities)		140,518	168,622
Capital and reserves
Called up share capital	3	300	300
Profit and loss account		140,218	168,322
Shareholders' funds		140,518	168,622

For the year ending 30 April 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 16 December 2014

And signed on their behalf by:
N E Atkinson, Director

DIRECT SPECS LIMITED Registered Number 03373995

Notes to the Abbreviated Accounts for the period ended 30 April 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% straight line
Fixtures & Fittings - 20% straight line
Motor Vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 May 2013	358,456
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	358,456
Depreciation
At 1 May 2013	277,678
Charge for the year	14,956
On disposals	-
At 30 April 2014	292,634
Net book values
At 30 April 2014	65,822
At 30 April 2013	80,778

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
300 Ordinary shares of £1 each	300	300