Direct Business Systems (Scotland) Ltd - Period Ending 2018-10-31

Registration number: SC169124

Direct Business Systems (Scotland) Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2018 to 31 October 2018

DS & Co. Ltd
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

Direct Business Systems (Scotland) Ltd

Company Information

Directors

Mr Robin James Stanton-Gleaves Mr James Alexander Clark

Registered office

Rannoch House 17 Shairps Business Park Houstoun Road Livingston West Lothian EH54 5FD

Accountants

DS & Co. Ltd Chartered Accountants D S House 306 High Street Croydon Surrey CR0 1NG

Direct Business Systems (Scotland) Ltd

Directors' Report for the Period from 1 January 2018 to 31 October 2018

The directors present their report and the financial statements for the period from 1 January 2018 to 31 October 2018.

Directors of the company

The directors who held office during the period were as follows:

Mr Robin James Stanton-Gleaves

Mr Martin Keith Randall (resigned 15 March 2019)

Mr Jason Patrick Collins (resigned 25 April 2019)

The following director was appointed after the period end:

Mr James Alexander Clark (appointed 1 November 2018)

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 18 July 2019 and signed on its behalf by:

.........................................
Mr Robin James Stanton-Gleaves
Director

Direct Business Systems (Scotland) Ltd

(Registration number: SC169124)
Balance Sheet as at 31 October 2018

	Note	2018 £	2017 £
Current assets
Debtors	3	2	2
Capital and reserves
Called up share capital	4	2	2
Total equity		2	2

For the financial period ending 31 October 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	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 and authorised by the Board on 18 July 2019 and signed on its behalf by:
 

.........................................

Mr Robin James Stanton-Gleaves
Director

Direct Business Systems (Scotland) Ltd

Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rannoch House 17 Shairps Business Park
Houstoun Road
Livingston
West Lothian
EH54 5FD
Scotland

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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Direct Business Systems (Scotland) Ltd

Notes to the Financial Statements for the Period from 1 January 2018 to 31 October 2018 (continued)

3

Debtors

	2018 £	2017 £
Other debtors	2	2
	2	2

4	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

5	Ultimate parent company

The company’s immediate parent is Apogee Group Limited and ultimate parent company is Manzana Holdings Limited, registered in Jersey.

The largest and smallest group in which the results of the company are consolidated is that headed by Manzana Bidco Limited, incorporated in England and Wales. The consolidated accounts of this company are available to the public and may be obtained from Companies House.

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